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Roxgold Inc.
Summary
| Project: | Yaramoko | |
|---|---|---|
| Deposit: | Zone 55 | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 31-8-2016: Roxgold Inc. announces an Exploration/Drilling Update report for its Zone 55 deposit at the Yaramoko project. Drilling results incl. 6.3m @ 44.4g/t Au from 209.1m. Toronto, Ontario – August 31, 2016 – Roxgold Inc. (“Roxgold” or “the Company”) ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Yan Bourassa (Internal) | |
| ABSTRACT: | Toronto, Ontario – August 31, 2016 – Roxgold Inc. (“Roxgold” or “the Company”) (TSX.V: ROG) is pleased to announce results from its definition drilling program at Zone 55. “We are pleased that the drill results from the definition program at Zone 55 continue to affirm our belief in the quality and continuity of the deposit,” stated John Dorward, President and CEO of Roxgold. “Strong results within the primary Central Zone have led us to increase our exploration budget for the remainder of 2016 in order to further test the extension of the 55 Zone at depth.” Drill results reported today account for approximately 10,800 metres of drilling from a total of 46 diamond drill holes. This drilling program at Zone 55 targeted areas within the current mine envelope with the goal of better defining the continuity of the Zone 55 structure. Results from this program confirm the robustness of the central zone of the deposit, particularly holes YRM-16-DD-383, YRM-16-DD-385, YRM- 16-DD-411 and YRM-16-DD-412 where high grades over broad widths have been intersected. Several of these holes targeted areas of limited drilling in the central portion of the 55 Zone and the Company is encouraged by these results. A number of drill holes targeted the outer western flank of the 55 Zone where mineralization is typically hosted in the mafic volcanic unit and narrower granitic intrusions. The intention of this part of the program was to potentially extend resources and reserves beyond the current periphery of the western zone, however, the majority of results in this specific area were generally low grade over varying widths. | |
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