Drilling project at Burkina Faso gold mine produces positive results
The Bagassi South project, a high-grade gold source, is adjacent to Roxgold's main gold interest in Burkina Faso, the Yaramoko gold project. Gold is expected to be produced from these projects in the second quarter of this year; Roxgold officials anticipate the Bagassi South project will enhance the value of the Yaramoko gold project.
"We are pleased with the results from this extension drilling program at QV1," Roxgold President and CEO John Dorward said. "We recommenced drilling this week with the goal of delivering a maiden resource on the QV1 structure in the second quarter."
Results from the QV1 and QV Prime drilling projects, which covered 11 holes, indicated Roxgold may have a second mining deposit at Bagassi South. High rates of gold extraction - between 96 and 99 percent - were discovered when metallurgical tests were done. Additionally, gravity recovery was at 70 to 90 percent.
"We are very pleased with the preliminary metallurgical test results," Paul Criddle, Roxgold CEO, said. "This initial stage program will provide the necessary foundation as we progress towards defining a maiden resource at this newly discovered mineralized area. The excellent recovery rates and the consistency of the results across a broad grade range are reminiscent of the results of the more extensive test work program previously undertaken for the high grade 55 Zone, located less than two kilometers to the north."