Toronto, Ontario – April 20, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce additional drilling results from the Company’s Séguéla Gold Project (“Séguéla”) located in Côte d’Ivoire.
Highlights:
Ancien – Reverse Circulation (“RC”) and Diamond Drilling (“DD”) drilling:
• 12 metres ("m") at 13.8 grams per tonne gold ("g/t Au") in drill hole SGRD526 from 47m including
o 5m at 28.0 g/t Au from 47m
• 36m at 3.0 g/t Au in drill hole SGRD524 from 317m including
o 3m at 11.9 g/t Au from 317m
• 16m at 6.8 g/t Au in drill hole SGRD531 from 132m including
o 2m at 15.9 g/t Au from 135m and
o 2m at 29.4 g/t Au from 139m
• 15m at 6.3 g/t Au in drill hole SGRD527 from 86m including
o 1m at 10.3 g/t Au from 90m and
o 1m at 20.1 g/t Au from 99m
• 5m at 6.4 g/t Au in drill hole SGRD537 from 213m including
o 1m at 18.5 g/t Au from 216m
• 13m at 4.0 g/t Au in drill hole SGRC706 from 131m including
o 1m at 29.2 g/t Au from 139m
Agouti – RC drilling and DD:
• 11 m at 8.2 g/t Au in drill hole SGRD627 from 27m including
o 1m at 10.3 g/t Au from 30m and
o 1m at 63.4 g/t Au from 33m
• 13m at 5.1 g/t Au in drill hole SGRC588 from 1m including
o 1m at 38.3 g/t Au from 7m
• 5m at 7.8 g/t Au in drill hole SGRC601 from 27m
• 7m at 5.0 g/t Au in drill hole SGRC659 from 63m including
o 1m at 15.1 g/t Au from 63m
• 5m at 6.9 g/t Au in drill hole SGRD555 from 70m
o 1m at 15.7 g/t Au from 70m
• 6m at 5.5 g/t Au in drill hole SGRD604 from 59m
o 2m at 12.8 g/t Au from 61m
Boulder – RC drilling:
• 6m at 5.8 g/t Au in drill hole SGRC672 from 182m including
o 1m at 31.3 g/t Au from 183m
• 6m at 8.8 g/t Au in drill hole SGRC673 from 169m including
o 2m at 19.5 g/t Au from 170m
• 13m at 1.3 g/t Au in drill hole SGRC676 from 134m
• 19m at 1.2 g/t Au in drill hole SGRC661 from 28m

“We continue to see the growth potential of the Séguéla Project through the efforts of our exploration team,” stated John Dorward, President and Chief Executive Officer. “The high-grade results from infill and extension drilling at Ancien, Agouti and Boulder were received following the cut-off for the excellent Preliminary Economic Assessment released last week and are expected to further underpin and increase the current Mineral Resource estimates, potentially adding meaningful ounces for inclusion into the Feasibility study. The ongoing exploration success at Séguéla continues to highlight the potential value accretion of the project from the existing satellite pits with further upside from an additional 21 targets on the property yet to be tested.”
Paul Weedon, Vice President, Exploration commented “These drill results illustrate the resource potential at Séguéla. We are also eagerly awaiting the results from more than 30 additional holes testing depth and strike extensions at Ancien and Agouti, with a significant grouping of holes at depth in Ancien which had visible gold marked during the logging. These assays are currently in the laboratory. Additionally, the recent aeromagnetic program has highlighted several additional target areas and favourable structural repetitions with at lease three emerging structural corridors identified.”
Séguéla Gold Project
Exploration activities have continued to progress with the objective of extending and infilling the existing Inferred Mineral Resources within close proximity to Antenna to support the Feasibility Study. Agouti, Boulder and Ancien, are within 10 kilometres of the Antenna deposit (Figure 1).

Ancien
An additional 59 RC/DD holes have been completed at Ancien since the drillhole data cut-off date in early February for the updated Inferred Mineral Resource estimate (261,000 oz at 6.1 g/t) announced in the Séguéla Preliminary Economic Assessment (refer to the Company release on April 14, 2020). To date, we have received results from 37 drill holes (Figure 2) with the balance at the laboratory. Infill drilling of the high-grade core has continued to return excellent grades and continuity including 12m at 13.8 g/t from SGRD526 and 16m at 6.8 g/t in SGRD531.

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https://s22.q4cdn.com/726251528/files/doc_news/2020/04/200520_-_ROXG_Drill_Results_from_Seguela_v1.0.pdf