TORONTO, Sept. 17, 2015 /CNW/ - Roxgold Inc. (the "Company" or "Roxgold ") (ROG.TSX-V) would like to confirm that development at the Yaramoko Gold Project has not been materially affected by the recent political upheaval in Ouagadougou, Burkina Faso. All construction activities at the Yaramoko site are continuing as planned at present.
The high grade Yaramoko Gold Project is 200 kilometres southwest from the capital city of Ouagadougou. Management in Burkina Faso and Canada will continue to monitor activity in the region to ensure the continued safety and security of all Roxgold employees, in Ouagadougou and on site.
The Yaramoko permit covers approximately 196km2 in the Province of Balé in southwestern Burkina Faso. Yaramoko lies directly south of, and is contiguous to, the SEMAFO Inc. property hosting its flagship Mana Gold Mine and lies within the Hounde greenstone belt. Roxgold is currently advancing a significant high-grade gold discovery at Yaramoko's 55 Zone through construction, in addition, the Company continues to explore targets located within the permit, the most prospective of these being Bagassi South.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
This news release contains forward-looking information. Forward looking information contained in this new release includes, but is not limited to, the expected completion of the balance of the AUMS equity financing facility and the terms thereof, and the expected use of proceeds thereof. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and mineral reserves, the realization of resource estimates and reserve estimates, gold metal prices, the timing and amount of future exploration and development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Yaramoko Gold Project in the short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, including the approval of the TSX Venture Exchange for the balance of the AUMS equity financing facility, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: changes in market conditions, unsuccessful exploration results, changes in the price of gold, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
SOURCE Roxgold Inc.
For further information: Toni Davies, Manager Investor Relations, 416-203-6401, [email protected]