Final Permitting Approval for Project
Development
TORONTO, Jan. 30, 2015 /CNW/ - Roxgold Inc.
("Roxgold" or "the Company") (TSX.V: ROG) is pleased to announce
that it has received its final permitting approval for the Yaramoko
Gold Project from the government of Burkina Faso.
The issuance of the Exploitation (Mining) Permit, which was
previously approved by Burkina
Faso's Council of Ministers, has now been finalized through
the endorsement of the Mining Decree by the President of
Burkina Faso, and other
governmental authorities. The Mining Decree formally grants
the Company rights to develop and operate the Yaramoko Gold
Project.
"We are delighted to announce the formal conclusion of our
permitting process, and to move our focus to the development of the
Yaramoko Gold Project, one of the highest grade undeveloped
deposits in the world," said John
Dorward, President and CEO. "We thank the government of
Burkina Faso for its demonstrated
support, and look forward to a lasting and mutually beneficial
partnership."
The Company expects to commence initial site works in the coming
weeks and looks forward to providing further updates as development
progresses.
About Roxgold
Roxgold is a gold exploration and
development company with its key asset, the high grade Yaramoko
Gold Project, located in the Houndé greenstone region of
Burkina Faso, West Africa. The Company is currently
advancing Yaramoko's 55 Zone and subject to making a positive
construction decision expects to commence development in Q1 2015.
Roxgold trades on the TSX Venture Exchange under the symbol
ROG.
"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. 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
project in the short and long-term, the progress of exploration and
development activities, the receipt of necessary regulatory
approvals, the completion of the environmental assessment process,
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.
SOURCE Roxgold Inc.