Roxgold Discovers New High-grade Mineralized Zone in Latest Drill Results at Bagassi South

Roxgold Inc. (TSXV:ROG) announced its latest drilling results at the QV1 target at Bagassi South, which intersected a new area of high-grade mineralization.

As quoted in the press release:

Today’s results are from the first six holes of a ten hole, 2,400 metre program designed with the purpose of extending the strike length of the QV1 structure at Bagassi South to the south east of the high grade mineralization previously encountered in the QV Prime target.

Diamond drill holes 078 to 085 extend the known limits of mineralization by approximately 200 metres along strike. The width of mineralization intersected in these holes is wider than have been typically seen at the QV1 structure. In previous drilling at the QV1 target, gold has been intersected in a discreet vein while in this current round of drilling, gold mineralization has been intersected in a broader brecciated structure. This structure, located below a shallowly dipping and plunging mafic volcanic unit, has been intersected a further 30 metres to the south east where the structure intersects a dyke (see Figure 1). Hole 084 is approximately 50 metres down dip of hole 083, while holes 085 and 086 are drilled approximately 50 metres along strike to the south east of hole 083 and are approximately 50 metres apart on section. Hole 087 is approximately 30 meters further to the south east of holes 085 and 086. Results for holes 086 and 087 are pending.Diamond hole 082 targeted the QV Prime structure in the hanging wall and intersected veining and shearing with anomalous mineralization approximately 60 metres along strike from hole 056 which intersected 39.6 gpt gold over 4.5 metres (See company press release dated Sept. 08 2014).

Highlights:

• 23.6 grams per tonne gold over 10.9 meters and a second interval of 8.2 g/t gold over 6.0 meters in diamond drill hole YRM-15-DD-BGS-083
• 7.5 g/t  gold over 10.6 meters including 22.2 g/t gold over 3.2 meters in diamond drill hole YRM-15-DD-BGS-084; and
• 10.4 g/t gold over 19.4 meters including 25.1 g/t gold over 7.1 meters in diamond drill hole YRM-15-DD-BGS-085.

John Dorward, president and CEO or Roxgold Inc., commented:

These latest results from Bagassi South indicate mineralization along plunge for an additional 200 metres from our previous drilling. We are encouraged by what we have seen in this program to date, as the grade and width of what we intersected has exceeded our initial expectations.

Click here to read the Roxgold Inc. (TSXV:ROG) press release