Roxgold Pleased with Latest Drill Results from 55 Zone

Roxgold Inc. (TSXV:ROG) announced that it’s started development drilling at the 55 zone. To date, six holes have been completed, with results showing that the zone has a “high grade and continuous nature.”

Drilling highlights include:

• 58.1 grams per tonne (‘gpt’) gold over 4.8 metres (4.1 metres true width) including 117.6 gpt gold over 2.3 metres (2.0 metres true width) in diamond drill hole YRM-15-DD-302;
• 42.3 gpt gold over 3.8 metres (3.0 metres true width) including 87.4 gpt gold over 1.8 metres (1.5 metres true width) in diamond drill hole YRM-15-DD-303; and
• 60.9 gpt gold over 2.35 metres (2.0 metres true width) in diamond drill hole YRM-15-DD-305.

Ben Pullinger, vice president exploration at Roxgold, commented:

Today’s results from the 55 Zone corroborate the high grade and continuous nature of the 55 Zone. These initial six holes confirm the performance of our feasibility resource model in this initial area and in certain cases results have exceeded our expectations.

The current program is summarized as follows:

Drilling at the 55 Zone is part of a program designed to increase drill density in the first year’s production areas from 25 metres to 12.5 metre centres (See Table 1 for results). Approximately 6,000 metres will be drilled in this 67 hole program to depths of up to 90 metres. Upgrading the drill density in these key areas will allow for optimization of the mine plan and provide additional information for advanced design and short term planning for the first year’s production.

Today’s results consist of the first six holes in this program totalling 550 metres of diamond drilling. The program is estimated to continue through to June 2015. Following this program, the Company plans to commence an extension and infill drilling program on the 55 Zone between 100 metres and 430 metres vertical depth. The goal of this additional program will be to upgrade areas of inferred and indicated resource within the existing life of mine envelope.

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