{"id":1111842,"date":"2019-04-18T21:54:06","date_gmt":"2019-04-18T21:54:06","guid":{"rendered":"http:\/\/www.mining.com\/?p=983366"},"modified":"2019-04-18T21:54:06","modified_gmt":"2019-04-18T21:54:06","slug":"roxgold-and-newcrest-close-deal-on-seguela-project-in-cote-divoire","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1111842","title":{"rendered":"Roxgold and Newcrest close deal on S\u00e9gu\u00e9la project in C\u00f4te d\u2019Ivoire"},"content":{"rendered":"<p>Roxgold (TSE: ROXG) <a href=\"https:\/\/www.newswire.ca\/news-releases\/roxgold-completes-acquisition-of-the-seguela-gold-project-and-commences-exploration-program-869677683.html\"  rel=\"noopener\">announced Thursday that the deal<\/a> to acquire from Newcrest a portfolio of 11 exploration permits in C\u00f4te d&#8217;Ivoire, including the S\u00e9gu\u00e9la gold project, has completed.<\/p>\n<p>The Canadian miner paid $20 million upfront, to be followed by a $10 million deferred payment due when S\u00e9gu\u00e9la reaches production.<\/p>\n<p>S\u00e9gu\u00e9la is <a href=\"http:\/\/www.mining.com\/newcrest-sells-cote-divoire-project-canadas-roxgold-30-million-deal\/\"  rel=\"noopener\">Roxgold\u2019s second major project<\/a> after the Yaramoko gold mine in Burkina Faso, also in West Africa.\u00a0S\u00e9gu\u00e9la is located approximately 240 kilometres north-west of Yamoussoukro, the political capital of C\u00f4te d\u2019Ivoire, and approximately 480 kilometres north-west of Abidjan, the commercial capital of the country.<\/p>\n<p>\u201cThe S\u00e9gu\u00e9la gold project provides a second key asset with significant growth potential both in the near term through the near-surface Antenna deposit and attractive satellite opportunities as well as a highly prospective large land package,\u201d John Dorward, Roxgold&#8217;s President and CEO said in a statement.<\/p>\n<p>The Antenna deposit hosts an inferred resource of 5.8 million tonnes at an average of 2.3 grams per tonne of gold, in addition to other satellite opportunities.<\/p>\n<p>Drilling is set to begin April 24 on multiple exploration targets, the miner said.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/roxgold-newcrest-close-deal-seguela-project\/\">Roxgold and Newcrest close deal on S\u00e9gu\u00e9la project in C\u00f4te d\u2019Ivoire<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drilling is set to begin April 24 on multiple exploration targets. <\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/roxgold-newcrest-close-deal-seguela-project\/\">Roxgold and Newcrest close deal on S&eacute;gu&eacute;la project in C&ocirc;te d&rsquo;Ivoire<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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