HIGHLIGHTS:

  • 23.6 grams per tonne ("gpt") gold over 10.9 metres and a second interval of 8.2 gpt gold over 6.0 metres in diamond drill hole YRM-15-DD-BGS-083;
  • 7.5 gpt gold over 10.6 metres including 22.2 gpt gold over 3.2 metres in diamond drill hole YRM-15-DD-BGS-084; and
  • 10.4 gpt gold over 19.4 metres including 25.1 gpt gold over 7.1 metres in diamond drill hole YRM-15-DD-BGS-085.

Roxgold president and CEO John Dorward said: "These latest results from Bagassi South indicate mineralization along plunge for an additional 200 metres from our previous drilling. "We are encouraged by what we have seen in this program to date, as the grade and width of what we intersected has exceeded our initial expectations."

BAGASSI SOUTH PROGRAM SUMMARY:

Today’s results are from the first six holes of a ten hole, 2,400 metre program designed with the purpose of extending the strike length of the QV1 structure at Bagassi South to the south east of the high grade mineralization previously encountered in the QV Prime target.

Diamond drill holes 078 to 085 extend the known limits of mineralization by approximately 200 metres along strike. The width of mineralization intersected in these holes is wider than have been typically seen at the QV1 structure. In previous drilling at the QV1 target, gold has been intersected in a discreet vein while in this current round of drilling, gold mineralization has been intersected in a broader brecciated structure.

This structure, located below a shallowly dipping and plunging mafic volcanic unit, has been intersected a further 30 metres to the south east where the structure intersects a dyke. Hole 084 is approximately 50 metres down dip of hole 083, while holes 085 and 086 are drilled approximately 50 metres along strike to the south east of hole 083 and are approximately 50 metres apart on section. Hole 087 is approximately 30 meters further to the south east of holes 085 and 086. Results for holes 086 and 087 are pending.

Diamond hole 082 targeted the QV Prime structure in the hanging wall and intersected veining and shearing with anomalous mineralization approximately 60 metres along strike from hole 056 which intersected 39.6 gpt gold over 4.5 metres.

No drilling has been conducted on the southern side of the dyke to date, which is a younger cross cutting feature. This area will be a target of future exploration campaigns.

The QV1 target at Bagassi South is located 1.8 kilometres to the south of the 55 Zone where Roxgold has recently commenced construction activities.

No resources have yet been estimated for the QV1 target at this time.

109 ZONE:

At the 109 Zone, 1.1 kilometres to the north of the 55 Zone and the most active artisanal site on the permit, the Company has completed two drill holes totalling 155 metres of diamond drilling to follow up on prospective grab samples taken from the workings of up to 15.6 grams per tonne. The holes intersected the target north-north west trending shear zone with abundant alteration, quartz veining and pyrite mineralization. Anomalous gold grades were returned within this alteration and shearing and follow up work is planned for later in the year.