Thursday 27th October 2016

Resource Clips

Roxgold, Riverstone report Burkina Faso Gold Results as high as 37.68 g/t over 16m

Resource Clips - essential news on junior gold mining and junior silver miningRoxgold Inc TSXV:ROG in joint venture with Riverstone Resources Inc TSXV:RVS announced assays from their Yaramoko Concession in western Burkina Faso. Results include

37.68 g/t gold over 16 metres
(including 73.8 g/t over 7 metres)
100.58 g/t over 4 metres
(including 177 g/t over 2 metres)
53.56 g/t over 8 metres
(including 178.3 g/t over 2 metres)
47.41 g/t over 8.5 metres
(including 156.9 g/t over 2 metres)

Roxgold will acquire a 100% interest in the Yaramoko, Bissa West and Solna projects from Riverstone for a total of approximately $33.5 million, comprising $17 million in cash and 16 million Roxgold common shares valued at $1.03 per common share (based on the closing price of September 20, 2011). On closing the transaction, Riverstone will own approximately 17 million Roxgold common shares, representing 19.3% of Roxgold’s outstanding shares.

View Company Profile

Roxgold Inc
Robert (Bob) Sibthorpe
or Al Fabbro

Riverstone Resources Inc
Raju Wani
Investor Relations
Ron Cooper
Investor Relations
Don Mosher
Corporate Development

Read more about Roxgold Inc and Riverstone Resources Inc

by Greg Klein

Share |

View All: News Stories