High-Grade Ancien Returns Underpin Excellent PEA
Roxgold Inc. (TSX: ROXG) has announced further infill and extension drilling success from the Ancien deposit at the company’s Séguéla gold project in Côte d’Ivoire.
Highlights from Ancien:
Infill Drilling
- 20m at 28.0 g/t Au) from 28m including;
- 3m at 94.2 g/t Au from 30m; and
- 4m at 18.7 g/t Au from 38m; and
- 3m at 51.5 g/t Au from 43m
- 13m at 12.8g/t Au including;
- 3m at 41.7 g/t Au from 38m
Extension Drilling
- 7m at 28.8 g/t Au from 238m including;
- 3m at 64.6 g/t Au from 240m
- 14m at 4.3 g/t Au from 344m including;
- 7m at 5.8 g/t Au from 344m; and
- 3m at 6.1 g/t Au from 354m
- 14m at 2.6 g/t Au from 268m
“We continue to see the growth potential of the Séguéla Project through the efforts of our exploration team,” stated President and Chief Executive Officer, John Dorward, President and Chief Executive Officer.
“The continuing high-grade results from infill and extension drilling at Ancien further underpin the excellent Preliminary Economic Assessment results released recently and are expected to add meaningful ounces for inclusion into the Feasibility study early in 2021. With four rigs currently turning,
“ I am confident that we will continue to unearth further upside from the existing four deposits as well as near-term targets on the property which are yet to be tested.”
Paul Weedon, Vice President of Exploration, added that the first two results from this six hole infill programme infilling of the high-grade shoot are very encouraging and correlate well to the high levels of visible gold seen in the samples.
“Designed to confirm geostatistical support for the very high grade and continuous nature of the Ancien mineralized shoot, I am eagerly anticipating the remaining results.
“Also, the latest extension drilling results continue to highlight the resource upside at Ancien and follow on from the recent excellent results released on April 29th which included 10m at 59.4 g/t from SGRD705 and which is outside of the conceptual shell used for the PEA.
“These new results have extended the strike extent at depth by an additional 50m to the south where it remains open, while the 7m at 28.8 g/t in SGRD725 emphasises the emerging high grade potential of the hangingwall shoot, which also remains open along strike.”
Exploration activities have continued to progress to extend and infill the existing Inferred Mineral Resources within proximity to Antenna to support the Feasibility Study. Agouti, Boulder and Ancien, are within 10 kilometres of the Antenna deposit (Figure 1).
An additional 69 RC/DD holes have been completed at Ancien since the drill hole data cut-off date used to support the Inferred Resource estimate in the PEA of 261,000 ounces.
“Further to the results from 59 holes reported in April, the company has received results from eight drill holes completed since the resumption of field activities in late May. These most recent results reflect the two objectives of the current programmes, namely a dedicated infill programme for geostatistical support of the very high grade and continuous nature of the core Ancien mineralisation, and targeting depth and strike extensions to the high-grade core beyond the PEA US$1,550/oz conceptual pit shell.
