Roxgold has unveiled results from its latest drilling from QV1 at the Bagassi South regional exploration target.
Roxgold president and CEO John Dorward said: "Intersecting high grade mineralization south of the Bagassi Dyke confirms our geological model for QV1 and underlines the potential here.
"Drilling has now added approximately 90 additional metres of strike length to the QV1 extension which is still open both up and down dip and along plunge."
BAGASSI SOUTH RESULTS:
The results announced today are from an 8 hole 1,900 metre diamond drill program that was designed to test for mineralization to the south of the Bagassi dyke as well as evaluate the up dip potential on the northern side of the dyke above diamond drill holes ("DDH") 083 and 085 which were released to the market on May, 05 2015.
- DDH 088 was drilled to test for the mafic contact, south of the dyke and above the plunge of the QV1 target as an orientation hole.
- Subsequently DDH 089, 090 and 091 were drilled along the plunge to test for plunge extension along the QV1 trend. All three holes intersected mineralised structure with both DDH 089 and 090 returning broad high grade intercepts.
- DDH 091 intersected the structure a further 50 metres to the south of holes 089 and 090.
- DDH 094 tested for mineralization along the southern contact of the projected dyke contact but intersected the dyke and was terminated.
- DDH 092, 093 tested up dip of holes 083 and 085 respectively and confirmed the continuity of the mineralized structure up dip.
- DDH 095 was designed to infill along plunge between DDH 093 and 085 and confirms the continuity of the mineralization over the 50 metres strike length between the two adjacent holes. Mineralization encountered in 095 was in line with expectations.
More exploration drilling is planned south of the dyke to follow up on this program in Q3 and Q4 of 2015 to continue to test and define the extents of mineralization at QV1 which remains open down dip and plunge.