January 08, 2013 at 20:01 PM EST
Roxgold Reports Deepest High Grade Intercept on 55 Zone to Date and Confirms Mineralization to 900 Meters

Roxgold Inc. (TSX VENTURE: ROG) ("Roxgold" or the "Company") is pleased to announce drill results on its 100% owned Yaramoko permit in Burkina Faso. These results represent the deepest drill intercepts on the 55 Zone to date and now indicate that mineralization within the 55 Zone extends from surface to 900 meters vertical depth.

HIGHLIGHTS

  • 16.98 grams per tonne gold over 5.6m starting from 1,016.4m down hole in hole YRM-12-DD-250;

  • 18.9 grams per tonne gold over 1.34m starting from 857.27m down hole in hole YRM-12-DD-253;

  • 24.77 grams per tonne gold over 3.6m starting from 530.5m down hole in hole YRM-12-DD-236;

  • YRM-12-DD-253 represents a 150 meter step out down plunge and YRM-12-DD-250 an approximate 400 meter step out down dip from the recently released YRM-12-DD-245. 

"Today's results continue to demonstrate the high grade potential down plunge within the 55 Zone," stated John Dorward, President and CEO of Roxgold. "We are encouraged by the results from drilling so far. The previously released Hole YRM-12-DD-245 demonstrated high grade mineralization to a depth of 500 meters. To extend high grade mineralization to a depth of 900 meters with additional significant results between 500 meters and 900 meters is an excellent base from which to commence our planned 2013 program. The previous resource estimate (see press release dated August 7, 2012) incorporated information from drilling to a depth of approximately 400 meters and these results now confirm that mineralization continues well below that."

Summary of Results

Hole ID Location Azi Dip Depth
From
Depth
To
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