Roxgold Inc. (TSX: ROXG/OTC: ROGFF) has made a high grade discovery at Galgouli amid excellent results from historic drilling at Fofora at the Boussoura Project in the southern portion of the Hounde Greenstone Belt in southern Burkina Faso.
Highlights:
Galgouli
- 14 m at 10.5 g/t Au from 134m
- 21m at 79.7 g/t Au from 177m
- 9m at 8.2 g/t Au from 204m; including 1m at 65.8 g/t Au from 204m,
- 2m at 20.8 g/t Au from 226m (hole abandoned in mineralisation)
- 10m at 8.7 g/t Au from 158m; including1m at 81.5 g/t Au from166m
- 3m at 13.7 g/t Au from 187m, and
- 3m at 15.8 g/t Au from 175m
Fofora
- 7m at 18.1 g/t Au from 77.4m, including 0.86m at 98.1 g/t Au from 81.2m and 2m at 47.1 g/t Au from 84.9m
- 58m at 2.5 g/t Au from 62m
- 0m at 2.0 g/t Au from 14.7m
- 7m at 24.7 g/t Au from 117.1m
- 8m at 11.1 g/t Au from 69.7m, including
- 43m at 78 g/t Au from 70.4m, and
- 37m at 76.7 g/t Au from 73.8m
President and CEO John Dorward said 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 km north of the Côte d’Ivoire border.
“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,” Mr Dorward said.
“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.”
Vice President of Exploration Paul Weedon said Roxgold is 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 mineralised footprint.
“In addition, we have identified at least nine 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 mineralisation”.
Mr Weedon said the drill programme initially targeted three prospects, following up on field mapping, regional soil and auger geochemical sampling and high grade rock chip results at Galgouli, Fofora and Niolkar.
“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.
Mr Weedon said several additional targets have been identified elsewhere at Boussoura permit, and with field mapping ongoing, more are expected to be identified and ranked for prospectivity.
Historically, work prior to 2012 focussed around the Fofora area with shallow drilling and trenching, and pre-dated much of the current artisanal workings, with very little work carried out on the remainder of the permit.
Outcrop mapping and the extensive artisanal workings coupled with historic geophysical surveys, has helped develop a good understanding of the key structural controls, assisting with targeting of the host high grade quartz veins.
Active artisanal workings in at least 15 localities within the 250 sq.km Boussoura permit and which commonly extend for 300-400m, highlight the potential for additional high-grade gold mineralisation. An extensive auger program is being prepared to test the broad areas that are under surface cover, the results of which are expected to highlight additional targets
