Roxgold drills 3.96 m of 22.1 g/t Au at Yaramoko 2013-05-07 10:37 ET - News Release Mr. John Dorward reports ROXGOLD INTERSECTS 22.1 GPT GOLD OVER 3.96 METERS IN 55 ZONE INFILL DRILLING INFILL DRILLING CONTINUES TO INTERSECT HIGH GRADE MINERALIZATION DOWN PLUNGE Roxgold Inc. has released results from the continuing infill drilling program on the 55 zone at its 100-per-cent-owned Yaramoko permit in Burkina Faso. These results continue to demonstrate the continuity of high-grade mineralization throughout the 55 zone. HIGHLIGHTS -- 22.1 grams per tonne ("gpt") gold over 3.96 meters in drill hole YRM-DD- 13-266 -- 20.3 gpt gold over 3.17 meters within a wider intercept of 10.9 gpt over 7.2 meters in drill hole YRM-DD-13-270. -- 53.7 gpt gold over 1.48 meters within a wider intercept of 18.8 gpt over 4.48 meters in drill hole YRM-DD-13-274 -- 16.2 gpt gold over 3.96 meters within a wider intercept of 10.8 gpt over 6.42 meters in drill hole YRM-13-DD-279 - All intercepts above are reported as core length, estimated true widths are reported in Table 1. "The 55 Zone continues to yield strong, high grade, results as we progress with our current infill drilling program," commented John Dorward, President and CEO of Roxgold Inc. "We remain confident that the 55 Zone is open at depth and that further drilling will continue to yield high grade results." Summary of Results Est. Vertical Est. Depth Depth Depth value over TrueHole ID+ Zone Azi Dip From To (m) (g/t) (m) WidthYRM-13-DD-266 55 360 -61 738.5 742.46 640 22.1 3.96 2.13YRM-13-DD-268 55 360 -60 NSR YRM-13-DD-269 55 360 -54 513.8 516.55 330 3.5 2.75 2.23YRM-13-DD-270 55 360 -59 652.55 659.75 540 10.9 7.20 4.11 including 654.78 657.95 20.3 3.17 1.81 and 676.33 686.23 4.4 9.90 5.65 including 682 686.23 7.3 4.23 2.42YRM-13-DD-271 55 360 -51 NSR YRM-13-DD-272 55 360 -58 NSR YRM-13-DD-274 55 360 -49 504.77 509.25 380 18.8 4.48 3.74 including 504.77 506.25 53.7 1.48 1.24YRM-13-DD-276 55 360 -59 534.2 536.32 435 6.7 2.12 1.34YRM-13-DD-278 55 360 -59 510.18 512.55 420 16.2 2.37 1.47YRM-13-DD-279 55 360 -61 709.34 715.76 620 10.8 6.42 3.73 including 709.74 713.7 16.2 3.96 2.30Table 1: Results from current drilling (No top cut was applied to the assays. All intercepts are reported as down-hole lengths.) + Holes YRM-DD-13-267, YRM-13-DD-273, YRM-DD-13-275 and YRM-DD-13-277 were abandoned short of the target depth due to extreme deviations in azimuth. Targets for these holes will be retested from alternate sites. All results released today are infill drill results from the 55 Zone. Mineralization intersected within these holes is consistent with other holes drilled into the 55 Zone. Gold is hosted within veins formed within brittley deformed granites and sheared mafic volcanics. Click here for a longitudinal section illustrating these results: https://www.roxgold.com/i/pdf/YRM_55_LongSection_PR_May07.pdf Roxgold continues to execute its current infill drilling program on the 55 Zone between 400 to 750 meters vertical depth. To date, 28 holes have been completed totalling 16,500 meters within the current infill program. Results from the infill program will be included in an updated resource estimate expected to be completed in the third quarter. The updated resource estimate will form the foundation of a preliminary economic assessment ("PEA") due to be released in September this year. Qualified Person Pierre Desautels, P.Geo, of AGP Mining Consultants Inc., a Qualified Person within the meaning of National Instrument 43-101 who is an independent consultant to the company, has verified and approved the data disclosed in this release. This includes the sampling, analytical and test data underlying the information. Quality Assurance/Quality Control Drill holes reported in this press release were drilled using HQ and NQ sized diamond drill bits. Company personal are located at the drill site. Contractors and employees of Roxgold conducted all logging and sampling. The core was logged, marked up for sampling using standard lengths of two meters outside of the "zone" and adjusted to lithological contacts up to one meter within the "zone". Samples are then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Roxgold camp within the Yaramoko area. The other half was sampled, catalogued and placed into sealed bags and securely stored at the site until it was shipped to either ALS Chemex in Ouagadougou or Actlabs in Ouagadougou ("The Labs"). The core was dried and crushed by The Labs and a 150 gram pulp was prepared from the coarse crushed material. The Labs then conducted routine gold analysis using a 50 gram charge and fire assay with an atomic absorption finish. Samples within the 55 Zone or samples returning over 5 grams per tonnes are additionally assayed using a metallic screen analysis in which a 1000 gram pulp is analyzed. The screening of samples produced two size fractions - less than 100 micrometres (um) and greater than 75 um. These fractions are then analyzed independently by fire assay and atomic absorption. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, The Labs inserted their own quality control samples. We seek Safe Harbor. |