Roxgold Announces Initial Resource Estimate and Drill Results

By Midnight Trader,  August 07, 2012, 11:16:09 AM EDT

Roxgold Inc. (ROG.V) has received the initial resource estimate from AGP Mining Consultants Inc., for the 55 Zone on its 100% owned Yaramoko Property located in Burkina Faso. Resources are reported as of July 20, 2012.

MINERAL RESOURCE ESTIMATES

The results from the initial resource estimate for the Yaramoko 55 Zone returned 617,000 tonnes of Indicated resource grading 17.8 grams per tonne gold containing an estimated 354,000 ounces of gold. In the Inferred category, the initial resource estimate returned 1,244,000 tonnes grading 7.7 g/t containing an estimated 306,000 ounces of gold. The resource estimate is restricted to the 55 Zone and does not include intersections drilled on other zones discovered on the Yaramoko Property.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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