Roxgold Reports 26.9 GPT Over 4.8 Metres at Boussoura as Drill Program Continues to Expand Additional Fofora Vein Sets - Seite 2

Paul Weedon, Vice President Exploration commented “We have now identified over 9 mineralized vein sets over 4 vein corridors across only a third of the 9 km² active area at Fofora. The results today further highlight the potential we see at Boussoura, with high grade results such as 4.8m at 26.9g/t Au from BSR-20-RD-FFR-040 and 9m at 10.7g/t Au from BSR-20-RC-FFR-063 underpinning the high grade nature of the veining we see there.

“In addition, these results include a re-entry and extension of hole BSR-19-DD-FFR-011 drilled at the main Fofora vein last year, which returned 6.7m at 6.4g/t Au, including 0.4m at 94g/t Au from 249.6m, emphasising the depth continuity of the veins and is one of the deepest intersections to date.”

Boussoura Project – Burkina Faso

The Boussoura Project is situated in the southern portion of the Houndé Greenstone Belt which is host to several large-scale operating gold mines, including Roxgold’s Yaramoko Mine which is 190km to the north as well as Endeavour Mining’s Houndé and Mana gold mines. The Boussoura Project is located approximately 10 kilometres north of the Côte d’Ivoire border (Figure 1).

Figure 1. Boussoura Project Location on Houndé Belt

The Boussoura tenement covers an area of over 250 square kilometres (“km²”) with an earn-in agreement in place over an additional 250 km² of neighbouring permits. The primary targeted areas of the Boussoura Project are Fofora, in the north, and Galgouli, in the south. Fofora has seen a minor amount of exploration in the past, while Galgouli was a new discovery by Roxgold (refer to Company news release dated Feb 3, 2020).

Figure 2. Fofora and Galgouli

Fofora

At least 9 sets of shear zones and vein corridors have been identified to date within an active 9 square kilometre artisanal field in the Fofora area of the Boussoura Project (Figure 2). Drilling resumed at Fofora in early May, testing 5 new vein corridors within 2 kilometres to the west of the main Fofora Vein. Each of the 5 vein corridors were considered high priority targets, each having coincident artisanal workings, and geophysical and geochemical anomalies and consisting of a series of north to north-west striking shear zones with surface strike lengths of up to 1,000m. These targets form part of the broader Fofora artisanal field and are very similar in appearance to the high grade Fofora main vein (Figure 3).