GOLD: Roxgold readies Yaramoko for start by mid-year

BURKINA FASO – Roxgold Inc. of Toronto says development of its Yaramoko gold project is on budget and on time for a Q2 2016 start to commissioning. The project, 200 km southwest of Ouagadougou, has a budget of US$110.8 million, and the company says it has spent US$64.0 million to the end of January. Overall construction is 75% complete, said Roxgold. The bulk earthworks and tailings storage facility are both ready, and the mineral processing plant is about 80% complete. All key mechanical packages have been received and installed in the mill. About 750 workers and contractors are employed at the site. Underground mine development is ahead of plan with 1,237 metres of decline and lateral openings on four levels, compared to a plan of 927 metres. The probable reserve is 2.0 million tonnes at 11.83 g/t Au, and the indicated resource is 1.6 million tonnes grading 15.80 g/t Au. There is also an inferred estimate of 840,000 tonnes grading 10.26 g/t Au. Readers may enjoy the Yaramoko photo gallery at Roxgold.com.