Roxgold Reports 26.9 GPT Over 4.8 Metres at Boussoura as Drill Program Continues to Expand Additional Fofora Vein Sets - Seite 3

Mineralization is typically associated with a series of sheared felsic dykes, associated quartz veining and intense silica alteration and replacement, with a variable dip from steep westerly to ~70 degrees east with coarse gold commonly seen in samples. Two mineralization styles have now been recognized at Fofora, with very broad lower grade zones (typically 0.5-1.0g/t) extending up to 60m in width and interpreted as representing broad siliceous halos to much higher grade quartz veins (10 to >100g/t intervals with high levels of coarse gold) over 1-4m intervals.

There were 12 additional RC and RC with diamond tail holes completed at the Fofora Main vein, with a line of 5 holes successfully extending the strike an additional 150m to the south. Results included 9m at 10.7 g/t from BSR-20-RC-FFR-063 from 71m, and the vein remains open along strike.

In addition, 5 holes successfully intersected an interpreted parallel subsidiary vein on the eastern margin of Fofora Main with results including 14m at 3.0 g/t in BSR-20-RC-FFR-070 from 2m, and 22m at 2.1 g/t from BSR-20-RC-FFR-062 from 40m. A re-entry and extension of drill hole BSR-19-DD-FFR-011, targeting interpreted depth extensions, returned 6.7m at 6.4 g/t from 244.3m while drill hole BSR-20-RD-FFR-040 intersected several well mineralized intervals, the highlight of which was 4.8m at 26.9 g/t Au from 79.5m, including a 0.8m interval of 147 g/t Au. These depth extensions and parallel structures remain open along strike and at depth.

Figure 3. Assay results from scout drill program at Fofora

Reconnaissance RC drilling tested vein targets up to 2 kilometres to the west of the main Fofora vein, with recent results including 12m at 5.7 g/t from 74m in BSR-20-RC-FFR-052, 30m at 1.3 g/t Au from 0m in BSR-20-RC-FFR-053A which included 2m at 10.0 g/t Au from 14m and a separate interval of 2m at 11.4 g/t Au from 76m, and 17m at 2.1 g/t Au from BSR-20-RC-FFR-079 from 41m with these results increasing the extent of mineralization highlighted in the previous company release (refer to Company news release dated July 29, 2020).

Reconnaissance drilling is continuing to test targets a further 1 kilometre west and south with further work to test the balance of the 3km by 3km artisanal field planned for Q4 this year, after the conclusion of the current rainy season.

Highlights from the most recent drilling at Fofora include:

Fofora Main Drilling

• 4.8m at 26.9 g/t Au in drill hole BSR-20-RD-FFR-040 from 79.5m including
  • 0.8m at 147 g/t Au from 79.5m;