Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

First Roxgold production in June

2016-04-22


Roxgold provides a development of the Yaramoko Gold Project & says, Overall construction program approximately 84% complete, Ore development on four levels progressing well with plant commissioning activities underway & 2,450 metres of decline and lateral development now in place versus a plan of 1,755 metres.

Over 23,000 tonnes of ore now on the Run of Mine pad while processing facility approximately 90% completed and on schedule. Major equipment packages installed and vendor commissioning underway. First ore crushed activated in late March & approximately US$78 million of the US$110.8 million capital spent to date that enables First gold production as remains on target for June 2016.

Roxgold's President & CEO, John Dorward, commented "We are very pleased to be transitioning the project into commissioning activities. With the mine outperforming on development rates, contributing to a healthy ROM pad balance, Roxgold is well positioned to advance through the end of the construction phase and into commissioning and production remains on schedule for first gold production in June."

In addition to the development of the Yaramoko Gold Project, Roxgold is also pleased to advise that a resource definition and expansion drilling program, comprising of approximately 11,000 metres of diamond drilling, is scheduled to commence later this week. The intent of this program is to target resource expansion opportunities in the upper 430 metres of the 55 Zone deposit with an expectation of including the results in an updated Life of Mine plan in late 2016.