Project Description
Roxgold Inc. (“Roxgold”) is a Toronto-based gold exploration and development company listed on the TSX Venture Exchange under the symbol “ROG”, focused on the development and further exploration of the Yaramoko Gold project (“Yaramoko” or the “Project”). The Project lies within the mineral-rich Hounde greenstone belt which is host to other successful gold mines.
The Project holds a NI 43-101 standard compliant total resources of 1.1 million ounces at a cut off grade of 5 grams per ton of gold. The resource includes 0.76 million ounces of reserves in the probable class (2.0 million tons at 11.83 grams per ton of gold), derived from the indicated resources class. The resources are based on only the 55 Zone, which is just one of the many prospective targets within Yaramoko’s 196km2 license. Yaramoko will be a high grade and low cost underground gold mine producing an average of 97,000 ounces per year over a 7.60 year life of mine.