Roxgold Inc. (ROG-TSX.V) ("Roxgold" or the "Company") is pleased to provide an update from the ongoing regional exploration program and the status of the Yaramoko gold project located within the 100% owned Yaramoko gold permit.
"The Yaramoko Permit continues to yield strong exploration results," commented John Dorward, President and CEO, "These results mark a positive continuation to the 2012/2013 exploration program which has seen two resource updates on the 55 Zone, the confirmation of multiple targets as well as the emergence of Bagassi South as a high grade exploration target. Bagassi South continues to deliver strong results and will continue to be a priority for Roxgold into the upcoming exploration season."
Diamod Drilling
Three regional targets were tested within this part of the program: Bagassi South, the 109 Zone and the 55 Zone Western Extension. Gold at all of these targets is primarily hosted within quartz veining in sheared and faulted host rocks. Induced Polarization orientation surveying ("IP") has provided an invaluable tool for mapping these quartz rich structures which register as resistivity anomalies. To date drilling, IP, mapping and grab sampling has established a three kilometre long trend of anomalous gold mineralization striking north from the 55 Zone through to the 109 Zone. This corridor remains a high priority area for follow up work, given its proximity to the established 55 Zone. For a regional map, please click here.
At Bagassi South nine holes were completed and were designed to test the down dip extension of a new zone of mineralization previously announced on July 9 th, 2013. The target is a steeply dipping shear zone hosted near the intrusive/volcanic contact within a wider alteration package. Additional high grade was intersected in this program in holes YRM-13KD-BG-019 and YRM-13KD-BG-023. Following confirmation that the target remains open down dip, additional drilling will commence prior to year end in an effort to extend this zone beyond the currently defined 250 metres of strike length. For an image of Bagassi South drilling, please click here.
