The Conversation (0)
Roxgold Inc. (TSXV:ROG) announced that Burkina Faso’s mines minister has approved the transfer of the Houko permit to Roxgold Exploration SARL, a wholly owned subsidiary of Roxgold. The permit was transferred from Daritos Or SARL.
Roxgold Inc. (TSXV:ROG) announced that Burkina Faso’s mines minister has approved the transfer of the Houko permit to Roxgold Exploration SARL, a wholly owned subsidiary of Roxgold. The permit was transferred from Daritos Or SARL.
Highlights are as follows:
- The Houko Permit lies adjacent to the Company’s Yaramoko permit and adds approximately 30km2 of prospective Boni Shear exposure to Roxgold’s portfolio; and
- Additional ground brings Roxgold’s Hounde land position to approximately 196km2
The press release also states:
The terms of the Houko acquisition by Roxgold includes the payment to Daritos SARL of 60,000 Euros upon transfer of the permit, with a further 25,000 Euros payable upon the third anniversary of transfer. In addition, a once off payment of15,000 Euros, along with €1.25 per ounce is payable upon the announcement of a maiden resource on the Houko Permit.
Click here to read the full Roxgold Inc. (TSXV:ROG) press release.