Tuesday 25th October 2016

Resource Clips

Roxgold reports Burkina Faso Results up to 123.84 g/t Gold over 5.4m

Resource Clips - essential news on junior gold mining and junior silver miningRoxgold Inc TSXV:ROG announced assays from its Yaramoko Concession in Burkina Faso. Highlights include

123.84 g/t gold over 5.4 metres
31.9 g/t over 5 metres
92.14 g/t over 2 metres
48.46 g/t over 2 metres
31.11 g/t over 2.75 metres
9.35 g/t over 5.8 metres
31.12 g/t over 2 metres

Roxgold will acquire a 100% interest in the Yaramoko, Bissa West and Solna projects from Riverstone Resources Inc TSXV:RVS 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.

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Roxgold Inc
Robert (Bob) Sibthorpe

or Al Fabbro

by Greg Klein

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