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Roxgold Announces Updated Drilling Results From the Séguéla Gold Project

Nachrichtenquelle: Business Wire (engl.)
12.09.2019, 12:00  |  171   |   |   

Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce drilling results from the Company’s Séguéla gold project (“Séguéla”) located in Côte d’Ivoire.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190912005069/en/

Figure 1. Séguéla Satellite Prospects

Figure 1. Séguéla Satellite Prospects

Highlights:

Reconnaissance Reverse Circulation (“RC”) drilling at Agouti:

  • 9 metres (“m”) at 2.5 grams of gold per tonne (“g/t Au”) in SGRC231 from 33m; and
  • 5m at 10.2 g/t Au in SGRC232 from 43m.

Reconnaissance RC drilling at P3:

  • 9m at 2.6 g/t Au in SGRC238 from 42m.

Aircore drilling between Boulder and Agouti:

  • 8m at 1.5 g/t Au from 8m in SGAC6508 (ended in mineralization); and
  • 7m at 2.5 g/t Au from 8m in SGAC6511 (ended in mineralization).

“The recent release of the maiden NI 43-101 Mineral Resource Estimate for the Antenna deposit has highlighted the robust nature of the deposit and its potential amenability for open pit mining, while the preliminary results from Agouti demonstrate the potential for satellite pits along the main structures. Agouti is one of several prospects that will be drilled in the coming months, positioning the Company for further strong development,” stated John Dorward, President and Chief Executive Officer.

“Work since the completion of the maiden Mineral Resource Estimate for the Antenna deposit has moved to further drilling with the objective of growing the mineral resource inventory through aircore and reconnaissance RC drilling, while advancing the promising Boulder and Agouti prospects,” commented Paul Weedon, Vice President, Exploration. “Very encouraging drill results from infill and extensional drilling at Boulder and Agouti are providing a solid foundation as we work towards delivering a maiden Mineral Resource estimate for both prospects by the end of the year. In addition, the area between Boulder and Agouti is emerging as a promising new area of focus. While exploration activities at Séguéla remain a priority, we will also be conducting an airborne geophysical survey over several of the highly prospective regional permits. The results will assist in refining the extensive stream sediment and termite mound anomalies generated during previous early stage reconnaissance work.”

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