Roxgold Inc. (TSX-V: ROG) is a gold exploration and development company with its key asset, the high grade Yaramoko Gold Project, located in the mineral-rich Houndé greenstone region of Burkina Faso, West Africa. The Company delivered a Feasibility Study in April 2014 for Yaramoko's 55 Zone and expects to commence development in Q4 2014. SNNLive spoke with John Dorward, President and CEO of Roxgold Inc. at the Sprott Natural Resource Symposium 2014 in Vancouver, BC.
“At Roxgold, we’re focusing on developing the high-grade Yaramoko gold project in Burkina Faso,” begins Mr. Dorward. When asked if the district was “friendly”, he answered, “Absolutely. We’ve been working as this management group for about two years. I’ve had a number of years experience in West Africa and I can certainly vouch that Burkina Faso is a great place to be developing a gold project.”
Mr. Dorward explains, “We’re actually starting to build in the next three months, being in production by the end of next year. I think if we were able to do anything and money was no problem, we would be drilling a lot more aggressively at depth. We have a current mine plan that goes to just over 400 meters vertical depth – it’s an underground operation, but we have inferred resource down to at least nine hundred meters where we intersected some very high grade materials.”
He adds, “It’s been a very difficult market. I think a project such as Yaramoko is able to weather the storm because it has a the very high grade nature – it’s basically half an ounce deposit, low cash costs, low cost to get into production and I think that’s what’s drawn people’s attention to it.” For more information, check out their website at www.roxgold.com
© 2017 Stock News Now
Supported by Superior Web Solutions