Monday, September 19, 2016

Roxgold Inc. - ROG.v

Roxgold Inc. - ROG.v is advancing the high grade Yaramoko Gold Project, located in the Houndé greenstone region of Burkina Faso, West Africa.

The Company is advancing Yaramoko's 55 Zone through construction and expects to commence production in Q2 2016.

On September 22, 2016 the company released News

" September 12, 2016 - Roxgold Inc. ("Roxgold" or the "Company") (TSX.V: ROG) is pleased to report an update on operations and gold production from the Yaramoko Gold Mine located in Burkina Faso.

"We are very pleased by the excellent performance of the processing facility as well as the continued ramp up of the underground operations. Since pouring first gold on the 16th of May 2016, the project has steadily moved through various performance milestones," commented John Dorward, Roxgold's President and CEO. "Gold production at Yaramoko reached 35,753 ounces at a mill feed grade of 15.44 grams per tonne as of August 31, 2016 and the Company is still on track to reach commercial production in the third quarter."

Key Production Metrics As Of August 31, 2016

 MayJuneJulyAugustYTD Total
Total Development(metres)5455895626644,411
Ore Mined(tonnes)10, 50011,76713,37116,45984,576
Milled (tonnes)18,63121,70820,76019,84580,944
Head Grade(g/t Au)11.5714.9215.7319.3515.44
Gold Recovery(%)97.1697.6598.6599.1098.27
Mill Operating Time(%)74.998.698.096.796.6
Gold Poured(ounces)2,08212,40010,53810,73335,753