Roxgold Inc. (ROG.V) announced an updated resource estimate for the 55 Zone deposit on its 100% owned Yaramoko concession located on the Hounde Greenstone Belt in Burkina Faso.
Highlights:
- 94% increase in ounces of gold in Indicated Resource category at a 3 gram per tonne cut-off to 679,000 ounces
- The mineral resource estimate represents a high conversion rate of inferred to indicated at higher grades than estimated in the initial resource estimate dated September 24, 2012
ROG was down 2% to 48 cents, just 4 cents above year lows.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
