Roxgold Announces New High Grade Discovery at Boussoura, Burkina Faso - Seite 2

Paul Weedon, Vice President Exploration commented “We are excited about these high grade results, especially from Galgouli as they represent the first drilling into this new discovery and support the numerous high grade rock chip samples collected by the exploration team in late 2019. These results are setting up the potential for Roxgold’s third high grade project. With two rigs currently working on additional infill and extension drilling at Galgouli and Fofora we are looking forward to growing the current mineralized footprint. In addition, we have identified at least 9 other significant vein sets with artisanal workings, each traceable for several hundred metres in length, from which rock chip results highlight the potential for additional high grade mineralization”.

Figure 1. Location of the Boussoura Project

The drill program initially targeted three prospects, following up on field mapping, regional soil and auger geochemical sampling and high grade rock chip results at Galgouli, Fofora and Niolkar (Figure 1). Results from Niolkar, while encouraging, were of a lower tenor relative to Galgouli and Fofora with further work planned to help refine the prospectivity. Mapping and geochemical sampling of several other active artisanal areas will be carried out in the 2020 field season.

Historic reconnaissance work including trenching and RC drilling by Randgold Resources Ltd/Volta Resources Ltd prior to 2012 also highlighted the prospectivity of the Fofora area, with RC results including:

• 41m at 3.3 g/t Au in drill hole KRC66 from 1m
• 9m at 10.5 g/t Au in drill hole KRC28 from 59m
• 12m at 6.7 g/t Au in drill hole KRC5 from 102m, and
• 32m at 2.0 g/t Au in drill hole KRC68 from 43m

Much of the historic work is associated with an extensive 3km x 3km artisanal field.

Galgouli

22 Reverse Circulation (“RC”) and Diamond Core drill holes (“DD”) at Galgouli has identified high grade mineralization along a >1km trend with drilling to a vertical depth of approximately 250m (Figures 2 and 3). High grade mineralization is associated with a series of steeply dipping quartz-chlorite-carbonate-pyrite veins with coarse gold (1-3mm) commonly identified on vein margins and selvedges. Veining is hosted by variably altered and sheared porphyritic andesites with 5-10m wide alteration zones hosting low grade (<1.5g/t) halos.