Roxgold announces new high grade gold discovery
Roxgold announces a new high grade discovery at Galgouli, and excellent results following up historic drilling at Fofora at the Boussoura Project in the southern portion of the Hounde Greenstone Belt in southern Burkina Faso. The Hounde Greenstone Belt is host to several operating gold mines, including Roxgold’s Yaramoko Mine which is 190km to the north. The Boussoura Project is located approximately 10 kilometres north of the Côte d’Ivoire border.
Boussoura Highlights of Galgouli is, “Our exploration team has had tremendous recent exploration success with a new high grade discovery at the Boussoura project following on from the significant increase in total resources at Séguéla announced last week,” stated John Dorward, President and CEO.
“We have a very attractive growth pipeline and are well positioned to deliver on our aspirations of being the next West African multi-asset gold producer. We currently have two rigs drilling on the Boussoura project and we are eagerly anticipating further results over the coming months.”
Paul Weedon, Vice President Exploration commented “We are excited about these high grade results, especially from Galgouli as they represent the first drilling into this new discovery and support the numerous high grade rock chip samples collected by the exploration team in late 2019. These results are setting up the potential for Roxgold’s third high grade project.
With two rigs currently working on additional infill and extension drilling at Galgouli and Fofora we are looking forward to growing the current mineralized footprint. In addition, we have identified at least 9 other significant vein sets with artisanal workings, each traceable for several hundred metres in length, from which rock chip results highlight the potential for additional high grade mineralization”.
Results from Niolkar, while encouraging, were of a lower tenor relative to Galgouli and Fofora with further work planned to help refine the prospectivity. Mapping and geochemical sampling of several other active artisanal areas will be carried out in the 2020 field season.
