Intercepts 42.9 G/T At Koula In Côte d’Ivoire
Roxgold Inc. (TSX: ROXG) has received additional positive results from the newest high grade deposit, Koula, at the Séguéla Gold Project in Côte d’Ivoire.
“It has been remarkable to see the advancement of the Koula deposit since announcing its discovery in September of last year,” said CEO and President, John Dorward.
“Today’s results continue to demonstrate Koula’s ability to add significant value to the Séguéla Gold Project, through its ongoing expansion and the high grade tenor of mineralization.
Furthermore, these results support the recent Séguéla Mineral Resource update, in which the Koula deposit had a maiden inferred resource of 281,000 ounces at an impressive 8.1 g/t giving it the potential to be one of the highest-grade open pits in West Africa.
“We currently have four rigs at Koula continuing to conduct infill and extension drilling as the deposit remains open along strike and at depth.
“Since acquiring Séguéla in April 2019, we have seen the project grow at a rapid pace to over a million ounces of Indicated and an additional 370,000 ounces of Inferred Mineral Resources today.
“We continue to believe we have only begun to tap the potential of the Séguéla Project and are eager to continue to uncover and test the wealth of additional targets present on the property.
“While our accomplished exploration team continues their work at Séguéla, the critical path for the Séguéla project plan is on track with the Feasibility Study scheduled for the second quarter of this year, followed soon thereafter by a construction decision towards the goal of achieving first gold pour at Séguéla in 2022.”
Located approximately one km to the east of Antenna, Koula was discovered through field reconnaissance and coincident recent artisanal workings in an area previously considered to be a lower exploration priority.
A four rig infill programme of RC and diamond drilling is 80% complete with the primary objective of infilling the deposit to 25m centres to support an upgraded Indicated classification.
This further supports its rapid advancement and inclusion in the forthcoming Feasibility Study.
