Roxgold Inc. (ROXG:TSX) reported in a news release the latest drill results from its Séguéla gold project in Côte d'Ivoire, which were of high grade.
"We are very encouraged by the latest Séguéla assay results, which illustrate the upside potential of this project," President and CEO John Dorward said in the release. "The Ancien target continues to return high grade intersections across significant widths while showing real indications of down-plunge potential, while the Boulder target demonstrates the near-surface potential of several of the satellite targets surrounding the original Antenna deposit."
Reverse circulation and diamond core drilling in the Ancien deposit at Séguéla returned 42 meters (42m) at 16.97 grams per ton (16.97 g/t) gold in drill hole SGRD456 from 133m, 10m at 19.7 g/t gold in hole SGRD464 from 111m, and 6m at 27.56 g/t Au in hole SGRD466 from 73m. The results extended the high grade a further 60m downplunge where it remains open, thereby suggesting further potential there.
As for the Boulder target, new results are from reverse circulation drilling. They include 3m at 35.41 g/t gold from 50m in SGRC410, 8m at 7.18 g/t gold from 108m in SGRC394 and 10m at 3.67 g/t gold from 4m in SGRC411. Boulder demonstrates near-surface potential of a number of the satellite targets around the original Antenna deposit.
Drilling at Séguéla continues at Ancien and Boulder with four rigs. Later this month, Roxgold intends to provide an updated resource estimate for Séguéla, which will incorporate all of the latest drill results from Ancien, Boulder, Agouti and Antenna. In Q2/20, the company aims to file a preliminary economic assessment for the project.
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
