Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.
Roxgold Mining News
Gold output reaches 35,753 ounces at an average mill feed grade of an eye-watering 15.44 g/t gold at the Burkina Faso mine entering commercial production.
Shares in Toronto junior up sharply after adding 220,000oz to ultra high-grade Yaramoko project in West Africa expected to pour first gold in June.
$110 million super-high grade Yaramoko gold project now 36% complete and on track for start-up mid–2016.
$111 million underground mine in Burkina Faso boasting average grade of 11.8 g/t expected to commence production in a year's time.
Double digit gains for Toronto junior after receiving final approval for its high-grade, low-cost Yaramoko gold project.
Social and environment plan for ultra-high grade Yaramoko gold project approved meaning development could start before the end of the year.
Stock is up 6% on Tuesday after regional drilling returns 226.8gpt gold over 3.1m including 442gpt over 1.6 metres.
Toronto junior is up 46% this year and feasibility for Yaramoko improves on what was already one of the lowest cost and highest grade projects anywhere in the world.