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TICKERS: ROXG

Gold Miner Returns Multiple High-Grade Results
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Source:

Both targets being reported demonstrate upside potential of the asset.

Roxgold Inc. (ROXG:TSX) reported in a news release the latest drill results from its Séguéla gold project in Côte d'Ivoire, which were of high grade.

"We are very encouraged by the latest Séguéla assay results, which illustrate the upside potential of this project," President and CEO John Dorward said in the release. "The Ancien target continues to return high grade intersections across significant widths while showing real indications of down-plunge potential, while the Boulder target demonstrates the near-surface potential of several of the satellite targets surrounding the original Antenna deposit."

Reverse circulation and diamond core drilling in the Ancien deposit at Séguéla returned 42 meters (42m) at 16.97 grams per ton (16.97 g/t) gold in drill hole SGRD456 from 133m, 10m at 19.7 g/t gold in hole SGRD464 from 111m, and 6m at 27.56 g/t Au in hole SGRD466 from 73m. The results extended the high grade a further 60m downplunge where it remains open, thereby suggesting further potential there.

As for the Boulder target, new results are from reverse circulation drilling. They include 3m at 35.41 g/t gold from 50m in SGRC410, 8m at 7.18 g/t gold from 108m in SGRC394 and 10m at 3.67 g/t gold from 4m in SGRC411. Boulder demonstrates near-surface potential of a number of the satellite targets around the original Antenna deposit.

Drilling at Séguéla continues at Ancien and Boulder with four rigs. Later this month, Roxgold intends to provide an updated resource estimate for Séguéla, which will incorporate all of the latest drill results from Ancien, Boulder, Agouti and Antenna. In Q2/20, the company aims to file a preliminary economic assessment for the project.

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