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TORONTO–(BUSINESS WIRE)–Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is admiring to advertise added aerial brand assignment after-effects from the Company’s Séguéla Gold Activity (“Séguéla”) amid in Côte d’Ivoire.



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Highlights:



Ancien – Design Conduct (“DD”) drilling:



“These latest after-effects from the Ancien drop abide to highlight the aberrant advance abeyant of the Séguéla Gold Project,” declared John Dorward, President and Chief Executive Officer. “Since the absolute date for conduct that was congenital into the PEA ability estimate, we accept connected to abut added high-grade mineralization forth bang and at abyss at Ancien and the added accessory deposits. Additionally, infill conduct at Ancien and Agouti is advancing to accept adapted a allocation of the in-pit material, ahead categorized as waste, into mineralized material. We apprehend this to aftereffect in ability advance from these primary deposits which will add allusive ounces for admittance into the Achievability abstraction aboriginal in 2021. Meanwhile, as the Achievability action continues, we are continuing to appraisal the extensions of the Ancien, Agouti and Boulder deposits and apprehend to arise antecedent assignment on the added abstinent 21 targets on the acreage after in the year.”

Paul Weedon, Vice President, Analysis commented “These conduct after-effects abide to reinforce the ability upside at Ancien and the accomplished after-effects appear aftermost week. Aperture SGRD705, which alternate 10 metres at 59.4 g/t, supports the cogent bulk of arresting gold apparent during the logging action and highlights the backbone of the high-grade shoot beneath the pit abject acclimated in the PEA. Additionally, the high-grade after-effects from SGRD715, of 3 metres at 26.1 g/t, and SGRD541, of 4 metres at 17.4 g/t, abutment the abeyant for an added mineralized shoot beneath the basic Ancien structure. Not alone will these after-effects acceptable access the crabbed and abyss admeasurement of the accepted accessible pit resource, but they additionally highlight the abeyant for a approaching underground operation.”

Séguéla Gold Activity

Analysis activities accept connected to advance with the cold of extending and infilling the absolute Inferred Mineral Resources aural abutting adjacency to Antenna to abutment the Achievability Study. Agouti, Boulder and Ancien, are aural 10 kilometres of the Antenna drop (Figure 1).

Ancien

An added 63 RC/DD holes accept been completed at Ancien back the drillhole abstracts absolute date (February 12th, 2020) acclimated to abutment the Inferred Ability appraisal in the PEA of 261,000 ounces (refer Aggregation absolution April 14th, 2020). Added to the after-effects from 37 holes appear on April 20th (refer Aggregation absolution April 20th, 2020), we accept accustomed after-effects from an added 22 assignment holes (Figure 2) with the antithesis accepted in May. Infill conduct of the high-grade bulk aural the PEA US$1,550/oz conceptual carapace has connected to acknowledgment accomplished grades as able-bodied as accretion the shoot to the south with after-effects such as 7m at 10.4 g/t from SGRD709 and 11m at 5.9 g/t from SGRD545.

Extension conduct testing the bottomward attempt projections was additionally absolute acknowledged with SGRD705 intersecting 10m at 59.4 g/t, including 2m at 175.0 g/t, about 35m beneath the conceptual pit abject and added acknowledging the assiduity of the axial high-grade shoot. In addition, after-effects from SGRD715 (3m at 26.1 g/t) and SGRD541 (4m at 17.4 g/t) are evocative of a additional shoot beneath the axial high-grade shoot, and which charcoal accessible at abyss and forth bang to the north.

Highlights from the best contempo conduct at Ancien include:

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Click actuality to appearance the abounding advertisement of assignment after-effects from the contempo conduct programs at the Séguéla Gold Project. Note: all after-effects are appear as down-hole intervals which represent about 80% of accurate width.

Catalysts and Next Steps

Event

Timing

Absolution of outstanding appraisal after-effects from antithesis of Séguéla conduct

Q2 2020

Commencement of amplification and geotechnical conduct affairs at Séguéla

Q2 2020

Conduct after-effects from Boussoura

Q3 2020

Underground conduct affairs in 55 Zone at Yaramoko Mine Complex

H2 2020

Achievability Abstraction for Séguéla

H1 2021

Séguéla architecture accommodation

H1 2021

Affection Assurance/Quality Ascendancy

All conduct abstracts completed by Roxgold activated the afterward procedures and methodologies. All conduct was agitated out beneath the administration of Roxgold personnel.

RC conduct acclimated a 5.25-inch face sampling aeriform bang with samples calm into 60 litre artificial bags. Samples were kept dry by advancement abundant air burden to exclude groundwater inflow. If baptize admission exceeded the air pressure, RC conduct was stopped, and conduct adapted to design bulk tails. Aircore (“AC”) conduct was calm in one accent intervals and sampled in a agnate appearance to RC methods. Once collected, RC and AC samples were riffle breach through a three-tier splitter to crop a 12.5% adumbrative sample for acquiescence to the analytic laboratory. The balance 87.5% sample were stored at the assignment armpit until appraisal after-effects were accustomed and validated. Base adios samples for all mineralized samples agnate to cogent intervals are retained and stored on-site at the Aggregation controlled bulk yard.

DD assignment holes were accomplished with HQ sized design assignment bits. The bulk was logged, apparent up for sampling application accepted lengths of one metre. Samples were again cut into according behindhand application a design saw. One bisected of the bulk was larboard in the aboriginal bulk box and stored in a defended area at the Aggregation bulk backyard at Séguéla. The added bisected was sampled, catalogued and placed into closed accoutrements and deeply stored at the armpit until shipment.

All Séguéla RC, AC and DD bulk samples were alien to ALS Laboratories alertness class in Yamoussoukro for preparation. Samples were broiled and ashamed by the Lab and a 250-gram breach able from the base ashamed material, above-mentioned to pulverization and alertness of a 200g sample. Samples are again alien via bartering bagman to ALS’s analytic ability in Ouagadougou, Burkina Faso area accepted gold appraisal application a 50-gram allegation and blaze appraisal with an diminutive assimilation accomplishment was completed. Affection ascendancy procedures included the analytic admittance of blanks, duplicates and sample standards into the sample stream. In addition, the Lab amid its own affection ascendancy samples.

Qualified Persons

Paul Weedon, MAIG, Vice-President, Analysis for Roxgold Inc., a Qualified Person aural the acceptation of National Instrument 43-101, has advised and accustomed the accurate and abstruse acknowledgment independent in this account release, including the QA/QC, sampling, analytic and appraisal abstracts basal this information. Mr. Weedon absolute the advice in the account absolution by reviewing the assignment logs, geological interpretations and acknowledging analytic data. No limitations were imposed on Mr. Weedon’s analysis process. For added advice on the Company’s QA/QC and sampling procedures, amuse accredit to the Company’s Anniversary Advice Anatomy anachronous December 31, 2018, accessible on the Company’s website at www.roxgold.com and on SEDAR at www.sedar.com.

About Roxgold

Roxgold is a Canadian-based gold mining aggregation with assets amid in West Africa. The Aggregation owns and operates the high-grade Yaramoko Gold Mine amid on the Houndé greenstone belt in Burkina Faso and is advancing the development and analysis of the Séguéla Gold Activity amid in Côte d’Ivoire. Roxgold trades on the TSX beneath the attribute ROXG and as ROGFF on OTCQX.

Cautionary Note Apropos Forward-Looking Statements

This account absolution contains “forward-looking information” aural the acceptation of applicative Canadian balance laws (“forward-looking statements”). Such advanced statements include, after limitation: bread-and-butter statements accompanying to the PEA, such as approaching projected production, basic costs and operating costs, statements with account to Mineral Reserves and Mineral Ability estimates, accretion rates, timing of approaching studies including the achievability study, ecology assessments and development plans. These statements are based on advice currently accessible to the Aggregation and the Aggregation provides no affirmation that absolute after-effects will accommodated management’s expectations. In assertive cases, advanced advice may be articular by such agreement as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “shall”, “will”, or “would”. Advanced advice independent in this account absolution is based on assertive factors and assumptions regarding, amid added things, the PEA, the admiration of Mineral Resources and Mineral Reserves, the ability of ability estimates and assets estimates, any abeyant upgrades of absolute ability estimates, gold metal prices, the timing and bulk of approaching analysis and development expenditures, the admiration of antecedent and comestible basic requirements, the admiration of labour and operating costs, the availability of all-important costs and abstracts to abide to analyze and advance the Company’s backdrop in the abbreviate and long-term, the advance of analysis and development activities, the cancellation of all-important authoritative approvals, and assumptions with account to bill fluctuations, ecology risks, appellation disputes or claims, and added agnate matters. While the Aggregation considers these assumptions to be reasonable based on advice currently accessible to it, they may prove to be incorrect.

Although the Aggregation believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not guarantees of approaching achievement and absolute after-effects or developments may alter materially from those in the advanced statements. Factors that could account absolute after-effects to alter materially from those in advanced statements include: delays consistent from the COVID-19 pandemic, changes in bazaar conditions, bootless analysis results, achievability of activity amount overruns or hasty costs and expenses, changes in the costs and timing of the development of new deposits, inaccurate assets and ability estimates, changes in the amount of gold, hasty changes in key administration cadre and accepted bread-and-butter conditions. Mining analysis and development is an inherently chancy business. Accordingly, absolute contest may alter materially from those projected in the advanced statements. This account is not all-embracing of the factors that may affect any of the Company’s advanced statements, including the factors included in the Company’s anniversary advice anatomy for the year concluded December 31, 2019. These and added factors should be advised anxiously and readers should not abode disproportionate assurance on the Company’s advanced statements. The Aggregation does not undertake to amend any advanced account that may be fabricated from time to time by the Aggregation or on its behalf, except in accordance with applicative balance laws.

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Last Updated: May 7th, 2020 by admin
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