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Roxgold pleased with latest drill results

Published: 00:21 15 Jan 2016 AEDT

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Roxgold shares have gained 21% over the past year.

Roxgold (OTCMKTS:ROGFF) (CVE:ROG), a Canada-based natural resource company, intersected 52.3 grams per ton of gold over 6.1 metres at QV1 at Bagassi South in Burkina Faso.

Rexgold also extended the strike length by more than 100 metres and completed an initial QV1 metallurgy testwork program, the Toronto, Ontario-based company said in a statement on Thursday.

The company was announcing results from its latest drilling program from the QV1 and QV Prime structures at the Bagassi South regional exploration target 1.8 kilometer south of the 55 Zone.

"We are pleased with the results from this extension drilling program at QV1," Roxgold CEO John Dorward said in the statement. 

"We recommenced drilling this week with the goal of delivering a maiden resource on the QV1 structure in the second quarter."

Shares of Roxgold closed up 1.4% at C$0.75 in Toronto on Wednesday, expanding gains over the past year to 21%.

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