Roxgold Inc. (TSX.V: ROG) has announced the results of a maiden mineral resource statement for the QV1 target on the Yaramoko permit in Burkina Faso where the Company is currently constructing the Yaramoko Gold Project with anticipated completion in June this year.
The resource estimate was undertaken by SRK Consulting (Canada) Inc. of Toronto and is based on 114 core boreholes totalling approximately 27,000 metres of drilling and has been prepared in accordance with National Instrument 43-101 Standards of disclosure for Mineral Projects.
Highlights:
• Inferred mineral resource estimated at 563,000 tonnes at 12.14 grams of gold per tonne gold (“g/t Au”) for 220,000 ounces of gold at a cut-off grade of 5.0 g/t Au
• QV1 structure remains open down plunge
• Further exploration potential at QV Prime (“QV'”)and foot wall (“FW”) zone
“We are pleased to be able to show another milestone in terms of growth on the Yaramoko permit,” commented John Dorward, President and CEO of Roxgold.
“As we continue to focus on delivering the Yaramoko Gold Project on time and on budget, with first gold scheduled in June, we are encouraged to have a second mineral resource on the Yaramoko permit that highlights the prospectivity of the permit and Roxgold’s potential for organic growth,” Mr Dorward added.
