Roxgold Inc. (TSX: ROXG)
Announced new exploration drilling results from the Company’s Boussoura Project, located on the Houndé Greenstone Belt in southern Burkina Faso.
Highlights from RC and Diamond Core drilling included 35 m at 4.1 g/t Au in drill hole BSR-21-RC-FFR-218 from 86m including 9m at 12.1 g/t Au from 96m.
| Roxgold | TSX : ROXG |
| Stage | Production + exploration |
| Metals | Gold |
| Market cap | C$745 m @ C$1.99 |
| Location | Burkina Faso and Ivory Coast |
Roxgold Returns 35m at 4.1 g/t and 2.7m at 59.5 g/t Among Other High Grade Intercepts as Mineralized Footprint Is Expanded at Boussoura
April 21, 2021
TORONTO- / – Roxgold Inc. (TSX: ROXG) (“Roxgold” or the “Company”) is pleased to announce new exploration drilling results from the Company’s Boussoura Project, located on the Houndé Greenstone Belt in southern Burkina Faso.
.
Figure 1. Boussoura Project Location.
Boussoura Project, Burkina Faso:
Highlights from scout Reverse Circulation (“RC”) and Diamond Core (“RD”) drilling
Fofora – Fofora Main
- 35 metres (“m”) at 4.1 grams per tonne (“g/t Au”)in drill hole BSR-21-RC-FFR-218 from 86m including
- 9m at 12.1 g/t Au from 96m
- 8m at 9.8 g/t Auin drill hole BSR-21-RC-FFR-210 from 105m including
- 1m at 22.1 g/t Au from 105m and
- 1m at 52.5 g/t Au from 110m
- 8m at 3.1 g/t Auin drill hole BSR-21-RC-FFR-209 from 126m including
- 1m at 20.8 g/t Au from 131m
- 2m at 13.5 g/t Auin drill hole BSR-21-RC-FFR-212 from 154m
- 7m at 4.1 g/t Auin drill hole BSR-21-RC-FFR-220 from 147m
- 2.5m at 9.0 g/t Auin drill hole BSR-21-RC-FFR-174 from 34.7m
Fofora – VC2
- 6m at 11.3 g/t Auin drill hole BSR-21-RC-FFR-167 from 90m including
- 1m at 65.6 g/t Au from 94m
- 0.6m at 19.0 g/t Auin drill hole BSR-21-DD-FFR-154 from 62m
- 2m at 11.7 g/t Auin drill hole BSR-21-RC-FFR-187 from 37m including
- 1m at 20.9 g/t Au from 38m
Roxgold Management Comments
“The exploration program at our Boussoura Project continues to expand the mineralised footprint while extending the strike length of the identified vein sets to multiple kilometers in length”
“The project now has over 250 holes, totalling nearly 50,000 metres, drilled into it which have returned consistent assays demonstrating broad intersections of high grade mineralization – which is characteristic of the style of mineralization found within the prolific Houndé Gold Belt.
“With each round of drilling, we grow more confident in the scale potential of this asset and for it to become our next advanced project. Boussoura is advancing with a combination of scout and infill drill programs towards the goal of releasing a maiden resource by the end of this year.
“Boussoura adds to our organic growth pipeline, along with the Séguéla Project in Côte d’Ivoire progressing towards construction this year, and the ongoing underground and near-surface drilling at Yaramoko.”
John Dorward, President and CEO of Roxgold.
“Ongoing scout drilling on additional vein corridors to the south-west of Fofora Main and VC2 has been very successful in confirming the prospectivity of several new targets which continues to highlight the potential of this large 9 km2 target area.
“Results such as 19m at 2.02 g/t Au in BSR-21-RC-FFR-164 from 0m at VC3, 3m at 33.6 g/t Au in BSR-21-RC-FFR-201 from 6m at VC4, and 1m at 53.2 g/t Au in BSR-21-RC-FFR-206 from 46m at VC5 emphasise the robust project pipeline at Boussoura.
“Meanwhile, infill and extension drilling at Fofora Main and VC2 continues to grow the potential with results such as 35 m at 4.1 g/t Au in BSR-21-RC-FFR-218 from 86m from Fofora Main and 6m at 11.3 g/t Au in BSR-21-RC-FFR-167 from 90m at VC2.
“In addition, drilling on the northern extent of Galgouli continues to intersect high grades including 1.8m at 130.9 g/t Au in drill hole BSR-21-RD-GAL-048 from 144.7m.
“A new structure in a different geological domain to the south-east of Galgouli returned 7m at 6.3 g/t Au in BSR-21-RC-064A from 72m, further highlighting the prospectivity of this area and opening up new opportunities.”
Paul Weedon, Vice President Exploration commented
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com for information.
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
To read our full terms and conditions, please click HERE