BUZZ-Roxgold Inc: Burkina Faso govt clears gold project

Fri Jan 30, 2015 11:52am EST
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** Canadian gold producer's shares up 9.7 pct at C$0.68

** Company receives final approval for gold project from Burkina Faso government

** The "mining decree" grants company rights to develop and operate the Yaramoko gold project

** Yaramoko's "55 Zone" estimated to produce 99,500 ounces of gold per year on average, according to company's website

** Up to Thursday's close, shares have fallen 3 pct in the past 12 months