Roxgold (TSXV: ROG; US-OTC: ROGFF) expects to become a junior producer in June when it pours the first gold from its Yaramoko project in Burkina Faso. In the meantime, the company is adding 200,000 oz of gold to the project from a satellite target called QV1.
QV1 is situated on Yaramoko’s Bagassi South zone, about 1.8 km south of where the project’s 55 zone is forecast to deliver 99,500 oz of gold annually for seven years once in commercial production later this year.
At QV1, the inferred resource released today of 474,000 tonnes grading 13.13 g/t Au at a cut-off grade of 5 g/t, extends from surface down to a vertical depth of 300 metres, and remains open down plunge.
In addition to QV1, Roxgold has identified further resource expansion potential in the footwall zone, four to five metres from QV1, and in the QV Prime zone in the hanging wall. The footwall zone has an inferred resource of 10,000 oz of gold (474,000 tonnes grading 7.49 g/t Au) and QV Prime contains 10,000 oz of gold (49,000 tonnes averaging 6.40 g/t). The resource estimate used a US$1,200 per oz gold price and adds up to 220,000 oz of contained metal.
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