{"id":398707,"date":"2020-12-14T06:03:21","date_gmt":"2020-12-14T11:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398707"},"modified":"2020-12-14T06:03:21","modified_gmt":"2020-12-14T11:03:21","slug":"roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/","title":{"rendered":"Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRoxgold Inc. (\u201cRoxgold\u201d or the \u201cCompany\u201d) (TSX: ROXG) (OTC: ROGFF) is pleased to report an updated Mineral Resource Estimate for the S\u00e9gu\u00e9la Gold Project (\u201cS\u00e9gu\u00e9la\u201d) located in C\u00f4te d\u2019Ivoire. The updated S\u00e9gu\u00e9la NI 43-101 Mineral Resource estimate includes an additional 56,600 m of Reverse Circulation (\u201cRC\u201d) and diamond core (\u201cDD\u201d) drilling since the completion of the S\u00e9gu\u00e9la PEA in April 2020. The drill program prioritized infill drilling of Antenna, Ancien, Boulder and Agouti to increase resource confidence, while rapidly advancing the high grade Koula discovery to its maiden Inferred Resource.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20201214005211\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201214005211\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846344\/4\/Fig_1_Seguela_Indicated_and_Inferred_Mineral_Resource_Growth.jpg\" alt=\"Fig 1. S\u00e9gu\u00e9la Indicated &amp; Inferred Mineral Resource Growth Since Acquisition (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Fig 1. S\u00e9gu\u00e9la Indicated &amp; Inferred Mineral Resource Growth Since Acquisition (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nTotal Indicated Mineral Resources increased 97% to 1,044,000 ounces (\u201coz\u201d) of gold grading 2.5 grams per tonne (\u201cg\/t\u201d) since the Preliminary Economic Assessment (\u201cPEA\u201d) was released in April 2020 (<i>refer Company press release dated April 14, 2020<\/i>). Total Inferred Mineral Resources are estimated at 370,000 oz at 4.8 g\/t, due to the contribution of a maiden Mineral Resource estimate from the recently discovered high grade Koula prospect, which returned Inferred Mineral Resources of 281,000oz at 8.1 g\/t.\n<\/p>\n<p><b>Highlights:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Total Indicated Mineral Resources:<\/b> Increased by 97% to 1,044,000 oz at 2.5 g\/t from 529,000 oz at 2.3 g\/t previously.\n<\/li>\n<li><b>Koula deposit:<\/b> Maiden Inferred Mineral Resource of 281,000 oz at 8.1g\/t.\n<\/li>\n<li><b>Antenna deposit:<\/b> Increase in Indicated Mineral Resource to 586,000 oz at 2.2 g\/t and an Inferred Mineral Resource of 69,000 oz at 1.9g\/t. This compares with the previous estimate carrying an Indicated Mineral Resource of 529,000 oz at 2.3 g\/t and Inferred Mineral Resource of 64,000 oz at 2.2 g\/t.\n<\/li>\n<li><b>Ancien deposit:<\/b> Upgraded Mineral Resource with an initial Indicated Mineral Resource of 250,000 oz at 5.4g\/t and an Inferred Mineral Resource of 11,000 oz at 10.6g\/t. This compares with the previous estimate carrying an Inferred Mineral Resource of 261,000 oz at 6.1 g\/t.\n<\/li>\n<li><b>Agouti deposit:<\/b> Upgraded Mineral Resource with an initial Indicated Mineral Resource of 111,000 oz at 2.4g\/t and an Inferred Mineral Resource of 6,000 oz at 1.8g\/t. This compares with the previous estimate carrying an Inferred Mineral Resource of 110,000 oz at 2.6 g\/t.\n<\/li>\n<li><b>Boulder deposit:<\/b> Upgraded Mineral Resource with an initial Indicated Mineral Resource of 97,000 oz at 1.7g\/t and an Inferred Mineral Resource of 3,000 oz at 1.2g\/t. This compares with the previous estimate carrying an Inferred Mineral Resource of 72,000 oz at 1.2 g\/t.\n<\/li>\n<\/ul>\n<p>\n\u201cIt has been an exceptional year at S\u00e9gu\u00e9la as we have continued to demonstrate the potential for the project to grow in quality and scale,\u201d stated John Dorward, President and CEO. \u201cThe significant increase in Indicated Mineral Resources to over one million ounces provides the foundation for a robust Feasibility Study which will also include the very high grade Koula deposit with a maiden inferred resource of 281,000 ounces at a remarkable 8.1 g\/t giving it the potential to be one of the highest grade open pits in west Africa. We currently have 4 rigs at Koula undertaking infill drilling and exploration drilling as the deposit remains open along strike and at depth.\n<\/p>\n<p>\n\u201cSince acquiring S\u00e9gu\u00e9la in April 2019, we have seen the project grow at a rapid pace from the 430,000 ounces of inferred Mineral Resources at acquisition to over a million ounces of Indicated and an additional 370,000 ounces of Inferred Mineral Resources today. We continue to believe we have only begun to tap the ultimate potential of the S\u00e9gu\u00e9la Project and are eager to continue to uncover and test the wealth of additional targets present on the property. While our accomplished exploration team continues their work at S\u00e9gu\u00e9la, the critical path for the S\u00e9gu\u00e9la project plan is on track with the Feasibility Study scheduled for the first half of next year, followed soon thereafter by a construction decision towards the goal of achieving first gold pour at S\u00e9gu\u00e9la in 2022.\u201d\n<\/p>\n<p><i><b>Table 1 \u2013 S\u00e9gu\u00e9la Mineral Resource Statement Summary<\/b><\/i><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td colspan=\"2\" class=\"bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td colspan=\"10\" class=\"bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>S\u00e9gu\u00e9la November 2020 Mineral Resource Estimate <\/b><\/p>\n<\/td>\n<td colspan=\"4\" class=\"bwvertalignt bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\" class=\"bwsinglebottom bwrightsingle bwpadl0\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td colspan=\"4\" class=\"bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Measured<\/b><\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwrightsingle bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Indicated<\/b><\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwrightsingle bwrowaltcolor0 bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Measured &amp; Indicated<\/b><\/p>\n<\/td>\n<td colspan=\"4\" class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Inferred<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nTonnes\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nGrade\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nMetal\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nTonnes\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nGrade\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nMetal\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nTonnes\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nGrade\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nMetal\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nTonnes\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nGrade\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nMetal\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(kt)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(g\/t Au)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(000 oz)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(kt)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(g\/t Au)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(000 oz)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(kt)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(g\/t Au)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(000 oz)\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(kt)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(g\/t Au)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(000 oz)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAntenna\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n8,180\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.2\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n586\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n8,180\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.2\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n586\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,110\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.9\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n69\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAncien\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,440\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n5.4\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n250\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,440\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n5.4\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n250\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n30\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n10.6\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n11\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nAgouti\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,420\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.4\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n111\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,420\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.4\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n111\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n100\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.8\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n6\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nBoulder\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,740\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.7\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n97\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,740\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.7\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n97\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n80\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1.2\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n3\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nKoula\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,080\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n8.1\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n281\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Total<\/b><\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>&#8211;<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>&#8211;<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>&#8211;<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>12,780<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2.5<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,044<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>12,780<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2.5<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,044<\/b><\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2,400<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>4.8<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>370<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nNotes:\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(1)\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignm bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMineral Resources are reported in accordance with NI 43-101 with an effective date of November 30, 2020, for the S\u00e9gu\u00e9la Gold Project.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(2)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nThe S\u00e9gu\u00e9la Mineral Resources are reported on a 100% basis at a gold grade cut-off of 0.3g\/t Au for the Antenna deposit and 0.5g\/t Au for the satellite deposits, based on a gold price of US$1,700\/ounce and constrained to an MII pit optimisation shell.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(3)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nThe identified Mineral Resources are classified according to the \u201cCIM\u201d definitions for the Measured, Indicated, and Inferred categories. The Mineral Resources are reported in situ without modifying factors applied.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(4)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nThe S\u00e9gu\u00e9la Mineral Resource Statement was prepared under the supervision of Mr. Hans Andersen, Senior Resource Geologist at Roxgold Inc. Mr. Andersen is a Qualified Person as defined in NI 43-101.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(5)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAll figures have been rounded to reflect the relative accuracy of the estimates and totals may not add due to rounding.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(6)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMineral Resources that are not Mineral Reserves and do not necessarily demonstrate economic viability.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(7)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMineral Resources are reported inclusive of Mineral Reserves\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(8)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nThe S\u00e9gu\u00e9la Gold Project is subject to a 10% carried interest held by the government of Cote d\u2019Ivoire\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe resource estimate announced today is an update from the resource estimate used in the PEA disclosed by the Company on April 14, 2020. In the proposed mine plan outlined in the PEA, a total of 890,000 oz from all resource categories are mined from the Antenna, Ancien, Boulder and Agouti deposits. The updated resource estimate does not affect the validity or currency of the PEA. With the increase in Indicated Mineral Resources from Antenna, Ancien, Boulder and Agouti and the maiden Inferred Mineral Resource at Koula, Roxgold believes there is the potential for increased mine life at S\u00e9gu\u00e9la and higher potential future production, which will be assessed in future studies.\n<\/p>\n<p>\nIndicated Mineral Resources increased 97% to 1,044,000 oz Au from 529,000 oz Au relative to the April 14, 2020 estimate (<i>refer Company press release dated April 14, 2020<\/i>). Inferred Mineral Resource decreased by 27% to 370,000 oz Au from 508,000 oz Au relative to the April 14, 2020 estimate reflecting the conversion of prior Inferred Mineral Resources to Indicated Mineral Resources and the addition of the new high-grade Koula deposit.\n<\/p>\n<p>\nThe Mineral Resources and Mineral Reserves models were prepared in conformity with The Canadian Institute of Mining, Metallurgy and Petroleum\u2019s (CIM) Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (<i>November 2019<\/i>) and are classified per the CIM Definition Standards for Mineral Resources and Mineral Reserves (<i>May 2014<\/i>).\n<\/p>\n<p><i><b>Table 2 \u2013 S\u00e9gu\u00e9la Mineral Resource Comparison<sup>1,2<\/sup><\/b><\/i><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwsinglebottom bwpadl0\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>PRIOR<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\">\nas at Apr. 14, 2020<sup>3<\/sup><\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwsinglebottom bwpadl0 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>UPDATED<br \/>\n<br \/><\/b>as at Nov. 30, 2020\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" class=\"bwrightsingle bwpadl0\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nTonnes\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nGrade\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nMetal\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nTonnes\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nGrade\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\nMetal\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td rowspan=\"2\" class=\"bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>% Change<br \/>\n<br \/>Metal<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(kt)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(g\/t Au)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(000 oz)\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(kt)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(g\/t Au)\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(000 oz)\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Mineral Resource<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nMeasured\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n&#8211;\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n0%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nIndicated\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n7,100\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.3\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n529\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n12,780\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.5\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1,044\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+97%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>Measured &amp; Indicated<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>7,100<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2.3<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>529<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>12,780<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>2.5<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\"><b>1,044<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwrightsingle bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>+97%<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\">\nInferred\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n5,400\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.9\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n508\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2,400\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n4.8\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n370\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-27%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\">\n<p class=\"bwcellpmargin\">\nNotes:\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(1)\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignm bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMineral Resources are reported in accordance with NI 43-101.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(2)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAll figures have been rounded to reflect the relative accuracy of the estimates and totals may not add due to rounding.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n(3)\n<\/p>\n<\/td>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRefer to SEDAR for NI 43-101 Technical Report titled \u2018S\u00e9gu\u00e9la Project Preliminary Economic Assessment, Worodougou Region, C\u00f4te d\u2019Ivoire\u2019 effective date of 14 April 2020\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Figure 1. <\/b>S\u00e9gu\u00e9la Indicated &amp; Inferred Mineral Resource Growth Since Acquisition\n<\/p>\n<p><b>Koula<\/b><\/p>\n<p>\nLocated approximately 1km to the east of Antenna, Koula was discovered through field reconnaissance and coincident recent artisanal workings in an area previously considered to be a lower exploration priority. An initial 10 hole reconnaissance RC drill program successfully returned intersections of high grade mineralization extending over a projected strike of more than 300 metres across 5 drill lines, with the deepest intersection approximately 150 metres below surface. This program was extended with 10 lines of drilling infilling and extending coverage to over 400m of strike and where the high grade mineralization remains open at depth.\n<\/p>\n<p>\nMineralization is hosted by quartz-carbonate veining associated with a well developed mylonitic fabric within and along the interpreted margins of a tholeiitic basalt which in turn has been tightly folded. Coarse gold is commonly recorded in the higher grade zones, with drilling highlighting a consistent moderate southerly plunge to the high grade core over at least 450m, and where it remains open to the south.\n<\/p>\n<p><b>Figure 2.<\/b> Koula Long Section and Conceptual Pit Outline\n<\/p>\n<p>\nWith four drill rigs operating at Koula, an infill program of RC and diamond drilling to 50m centres is ongoing to support the rapid advancement of Koula to Indicated status and inclusion in the upcoming Feasibility Study. Recent high-grade results from the conclusion of the Inferred drilling program include:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\n22 metres (\u201cm\u201d) at 16.4 grams per tonne gold (\u201cg\/t Au\u201d) in drill hole SGRC928 from 131m including<\/p>\n<ul class=\"bwlistcircle\">\n<li>\n2m at 52.7 g\/t Au from 135m and\n<\/li>\n<li>\n4m at 53.0 g\/t Au from 138m\n<\/li>\n<\/ul>\n<\/li>\n<li>\n14 m at 14.6 g\/t Au in drill hole SGRC968 from 40m including<\/p>\n<ul class=\"bwlistcircle\">\n<li>\n1m at 24.9 g\/t Au from 40m and\n<\/li>\n<li>\n5m at 31.4 g\/t Au from 44m\n<\/li>\n<\/ul>\n<\/li>\n<li>\n18 m at 9.5 g\/t Au in drill hole SGRC965 from 21m including<\/p>\n<ul class=\"bwlistcircle\">\n<li>\n4m at 32.7 g\/t Au from 26m\n<\/li>\n<\/ul>\n<\/li>\n<li>\n19 m at 3.4 g\/t Au in drill hole SGRD962 from 236m including<\/p>\n<ul class=\"bwlistcircle\">\n<li>\n4m at 32.7 g\/t Au from 26m\n<\/li>\n<\/ul>\n<\/li>\n<li>\n9 m at 4.8 g\/t Au in drill hole SGRD955 from 246m including<\/p>\n<ul class=\"bwlistcircle\">\n<li>\n1m at 16.7 g\/t Au from 252m\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Figure 3.<\/b> Koula Plan View\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.roxgold.com%2Ffiles%2Fdoc_downloads%2F2020%2F12%2F14%2FSeguela-Intercepts-post-131020-Release-A.xlsx&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=Click+here&amp;index=1&amp;md5=112c3b938e919c18fe465985029dccef\">Click here<\/a> to view the full listing of drill results from the recent drilling program at Koula. Note: all results are reported as down-hole intervals which represent approximately 60% of true width.\n<\/p>\n<p><b>S\u00e9gu\u00e9la Regional Reconnaissance<\/b><\/p>\n<p>\nScout RC drilling has recently been completed at Winy and will progressively work across the high priority S\u00e9gu\u00e9la prospects. This testwork program is following up on the mapping and reconnaissance sampling at S\u00e9gu\u00e9la which continues to emphasize the regional prospectivity of the property package with several prospects identified where rock chip samples recorded several instances of visible gold. In addition to ongoing detailed field mapping, auger drilling is underway targeting the southern extensions of key favourable structural corridors that host the Antenna, Ancien-Boulder-Agouti, and Elephant-Winy mineralization. Follow up scout RC drilling is planned in early 2021 across these prospects.\n<\/p>\n<p><b>Figure 4. <\/b>S\u00e9gu\u00e9la Deposits &amp; Targets Plan Map\n<\/p>\n<p><b>Mineral Resource Modeling and Estimation Assumptions<\/b><\/p>\n<p>\nThe Mineral Resources reported herein have been estimated using a geostatistical block modelling approach informed from gold assay data collected from RC and DD drill holes. Technical work for the construction of the S\u00e9gu\u00e9la Mineral Resource, including wireframing, statistical and geostatistical analysis, and Mineral Resource estimation was conducted, and\/or supervised by Mr. Hans Andersen of Roxgold and reviewed by Mr. Paul Weedon, VP of Exploration for Roxgold.\n<\/p>\n<p>\nThe Mineral Resource estimate incorporates all drilling data (RC and DD), comprised of 820 drill holes for a total of 110,936 metres targeting the Antenna, Agouti, Ancien, Boulder and Koula deposits.\n<\/p>\n<p>\nThe Koula, Ancien, Agouti and Boulder Mineral Resource models were developed using Leapfrog Geo and Micromine software. Antenna\u2019s Mineral Resource model was developed using Geovia\u2019s Surpac software. All gold assays from drill holes were composited to 1.0-meter intervals within the mineralised wireframes at Antenna, Agouti, Ancien, Boulder and Koula. Top-cuts were applied to individual domains based on the analysis of gold grade outliers within the statistical data populations and ranged between 1.5 g\/t to 80.0 g\/t Au.\n<\/p>\n<p>\nThe Mineral Resource model gold grades were estimated using a combination of Ordinary Kriging and Inverse Distance methods using a multiple pass approach to inform the resource model. The grade estimates are validated visually by sectional comparison and through statistical approaches that encompass traditional validation methods, such as Swath plots comparing composite and block model values for each deposit. Geostatistical exploratory data analysis (\u201cEDA\u201d), variogram modelling and Mineral Resource model validation was conducted using Snowden Supervisor software.\n<\/p>\n<p>\nDensity values were assigned to the Mineral Resource models based on ascribed oxidisation state and lithological unit, with mineralisation being assigned the density of its predominant host. A density of 1.2 to 1.8 t\/m<sup>3<\/sup> was assigned to transported and alluvial sediments, with a range of 1.8 to 2.2 t\/m<sup>3<\/sup> assigned to the oxidised weathered profile and a range of 2.67 to 3.20 t\/m<sup>3<\/sup> assigned to fresh rock lithologies.\n<\/p>\n<p>\nResource models and drill hole data at the S\u00e9gu\u00e9la gold project utilise the WGS84 (Zone 29N) coordinate system.\n<\/p>\n<p>\nThe Mineral Resource models are classified into Measured, Indicated and Inferred categories based on analysis of the following criteria; number of samples informing the estimate, sample spacing, average sample distance, kriging efficiency and slope of regression outputs, drill hole and sample QAQC thresholds and geological confidence in modelled interpretations, grade continuity and level of geological understanding at each deposit.\n<\/p>\n<p>\nThe S\u00e9gu\u00e9la Mineral Resources were reported constrained by preliminary pit optimisations generated in Micromine to satisfy the definition of Mineral Resources having reasonable prospects for eventual economic extraction (\u201cRPEEE\u201d), and are based on the following parameters:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nGold price of US$1,700\/oz\n<\/li>\n<li>\nMining recovery of 90% and mining dilution of 10%\n<\/li>\n<li>\nProcessing recovery of 94.5%\n<\/li>\n<li>\nOverall slope angle of 52\u00b0 to 58\u00b0 for Antenna, 54\u00b0 for Agouti, 55\u00b0 for Ancien, 55\u00b0 for Koula and 57\u00b0 for Boulder\n<\/li>\n<li>\nMining costs of US$1.97 per tonne for Antenna and US$2.28 per tonne for the satellite deposits\n<\/li>\n<li>\nTotal processing costs (including G&amp;A) of US$21.64 per tonne\n<\/li>\n<li>\nTotal selling costs (includes state and third-party royalties) of US$121.60\/oz<\/p>\n<p>\n\u00a0\n<\/p>\n<\/li>\n<\/ul>\n<p><b>Upcoming Catalysts<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEvent\n<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nTiming\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOngoing infill, expansion and satellite target drilling program at S\u00e9gu\u00e9la\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nQ1 2021\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDrilling results from Boussoura\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nQ1 2021\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUnderground drilling program in 55 Zone at Yaramoko Mine Complex\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nQ1 2021\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFeasibility Study for S\u00e9gu\u00e9la\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nH1 2021\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFormal S\u00e9gu\u00e9la construction decision\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nH1 2021\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrowaltcolor0 bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInitial resource at Boussoura\n<\/p>\n<\/td>\n<td class=\"bwrowaltcolor0 bwpadl0 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nH2 2021\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCommissioning of S\u00e9gu\u00e9la Gold Project\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2022\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Qualified Persons<\/b><\/p>\n<p>\nPaul Weedon, a Member of the Australian Institute of Geoscientists MAIG (#6001), Vice-President, Exploration for Roxgold Inc., a Qualified Person within the meaning of National Instrument 43-101, has reviewed, verified, and approved the scientific and technical disclosure contained in this news release. This includes the QA\/QC, sampling, analytical and test data underlying this information. No limits were imposed on Mr. Weedon\u2019s verification process.\n<\/p>\n<p>\nThe scientific and technical information contained in this document relating to the S\u00e9gu\u00e9la Mineral Resource is based on, and fairly represents, information compiled by Mr. Hans Andersen. Mr. Hans Andersen, MAIG (#5746), is a Member of the Australian Institute of Geoscientists. Mr. Andersen is a full-time employee of Roxgold Inc. and is not \u201cindependent\u201d within the meaning of NI 43-101 Standards of Disclosure for Mineral Projects. Mr. Andersen has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a \u201cQualified Person\u201d under NI 43-101. Mr. Andersen has consented to and approved the inclusion in this document of the matters based on his compiled information in the form and context in which it appears in this document.\n<\/p>\n<p>\nRoxgold\u2019s disclosure of Mineral Reserve and Mineral Resource information is governed by NI 43-101 and under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (\u201cCIM\u201d) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM. There can be no assurance that those portions of Mineral Resources that are not Mineral Reserves will ultimately be converted into Mineral Reserves.\n<\/p>\n<p>\nFor more information on the projects you can also refer to the Company\u2019s technical reports entitled \u201cTechnical Report for the Yaramoko Gold Mine, Burkina Faso\u201d dated December 20, 2017 and \u201cNI 43-101 Technical Report, S\u00e9gu\u00e9la Project, Preliminary Economic Assessment, Worodougou Region, Cote d\u2019Ivoire\u201d dated April 14, 2020, each available on the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.roxgold.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.roxgold.com&amp;index=2&amp;md5=7b6f133bad04e947018cb17c5ce27951\">www.roxgold.com<\/a> and SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=3&amp;md5=77c555d77d284378684401d0394df538\">www.sedar.com<\/a><span class=\"bwuline\">.<\/span><\/p>\n<p><b>Quality Assurance\/Quality Control <\/b><\/p>\n<p>\nAll drilling data completed by Roxgold utilized the following procedures and methodologies. All drilling was carried out under the supervision of Roxgold personnel.\n<\/p>\n<p>\nRC drilling used a 5.25-inch face sampling pneumatic hammer with samples collected into 60 litre plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Aircore (\u201cAC\u201d) drilling was collected in one metre intervals and sampled in a similar fashion to RC methods. Once collected, RC and AC samples were riffle split through a three-tier splitter to yield a 12.5% representative sample for submission to the analytical laboratory. The residual 87.5% sample were stored at the drill site until assay results were received and validated. Coarse reject samples for all mineralized samples corresponding to significant intervals are retained and stored on-site at the Company controlled core yard.\n<\/p>\n<p>\nDiamond drill holes were drilled with HQ sized diamond drill bits. The core was logged, marked up for sampling using standard lengths of one metre. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Company core yard at S\u00e9gu\u00e9la. The other half was sampled, catalogued and placed into sealed bags and securely stored at the site until shipment.\n<\/p>\n<p>\nAll S\u00e9gu\u00e9la RC, AC and DD core samples were shipped to ALS Laboratories preparation laboratory in Yamoussoukro for preparation. ALS Laboratories is independent of Roxgold. Samples were dried and crushed by the laboratory and a 250-gram split prepared from the coarse crushed material, prior to pulverization and preparation of a 200g sample. Samples are then shipped via commercial courier to ALS\u2019s analytical facility in Ouagadougou, Burkina Faso where routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, the laboratory inserted its own quality control samples.\n<\/p>\n<p>\nFor more information on the Company\u2019s QA\/QC and sampling procedures, please refer to the Company\u2019s Annual Information Form for the year ended December 31, 2019, available on the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.roxgold.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.roxgold.com&amp;index=4&amp;md5=f972d3383e984e17340cd2b9eeb22486\">www.roxgold.com<\/a> and on SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=5&amp;md5=1a2b7bf83b9f4dd4278ce7c90ad1fece\">www.sedar.com<\/a>.\n<\/p>\n<p><b>About Roxgold<\/b><\/p>\n<p>\nRoxgold is a Canadian-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko Mine Complex located on the Hound\u00e9 greenstone belt in Burkina Faso and is advancing the development and exploration of the S\u00e9gu\u00e9la Gold Project located in C\u00f4te d\u2019Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.\n<\/p>\n<p><i>This news release contains \u201cforward-looking information\u201d within the meaning of applicable Canadian securities laws (\u201cforward-looking statements\u201d). Such forward-looking statements include, without limitation: statements with respect to Mineral Reserves and Mineral Resource estimates (including proposals for the potential growth, extension, update and\/or upgrade thereof, the anticipated timing thereof and any future economic benefits which may be derived therefrom), the timing and delivery of any future updated resource models, the Feasibility Study and other economic studies, and the expected timing thereof (including with respect to the delivery of ore and future stoping and other mining operations), proposed exploration plans and the timing and costs thereof, and sufficiency of future funding. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management&#8217;s expectations. In certain cases, forward-looking information may be identified by such terms as &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;could&#8221;, &#8220;estimates&#8221;, &#8220;expects&#8221;, &#8220;may&#8221;, &#8220;shall&#8221;, &#8220;will&#8221;, or &#8220;would&#8221;. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of Mineral Resources and Mineral Reserves, the realization of resource estimates and reserve estimates, gold metal prices, the timing and amount of future exploration and development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Yaramoko Gold Mine and S\u00e9gu\u00e9la Gold Project in the short and long-term, the progress of exploration and development activities as currently proposed and anticipated, the receipt of necessary regulatory approvals and permits, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters, as well as assumptions set forth in the Company\u2019s technical reports entitled \u201cTechnical Report for the Yaramoko Gold Mine, Burkina Faso\u201d dated December 20, 2017 and \u201cNI 43-101 Technical Report, S\u00e9gu\u00e9la Project, Preliminary Economic Assessment, Worodougou Region, Cote d\u2019Ivoire\u201d dated April 14, 2020, each available on the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.roxgold.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.roxgold.com&amp;index=6&amp;md5=dd407f092515797a979e2140c39e028d\">www.roxgold.com<\/a> and SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=7&amp;md5=3c4bd6ce4667d376f3fb1fce2c506dbe\">www.sedar.com<\/a>. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.<\/i><\/p>\n<p><i>Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: changes in market conditions, unsuccessful exploration results, possibility of project cost overruns or unanticipated costs and expenses, changes in the costs and timing of the development of new deposits, inaccurate reserve and resource estimates, changes in the price of gold, unanticipated changes in key management personnel, failure to obtain permits as anticipated or at all, failure of exploration and\/or development activities to progress as currently anticipated or at all, and general economic conditions. Also, please refer to the risk factors contained in the Company\u2019s Annual Information Form for the year ended December 31, 2019 available on the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.roxgold.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.roxgold.com&amp;index=8&amp;md5=f9a9c13eb8c9377400aa29b28d0796cb\">www.roxgold.com<\/a> and SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=52347591&amp;newsitemid=20201214005211&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=9&amp;md5=dd47735f21825c865cc062ffe869054f\">www.sedar.com<\/a>. Mining exploration and development is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company&#8217;s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company&#8217;s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201214005211r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201214005211\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201214005211\/en\/<\/a><\/span><\/p>\n<p>\nFor more information:<br \/>\n<br \/><b>Roxgold Inc.<br \/>\n<\/b><br \/>Graeme Jennings, CFA<br \/>\n<br \/>Vice President, Investor Relations<br \/>\n<br \/>416-203-6401\n<\/p>\n<p><b>KEYWORDS:<\/b> Africa North America Canada Cote d&#8217;Ivoire<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mining\/Minerals Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/774573\/3\/Roxgold_logo_fullcolour.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846343\/3\/Fig_3_Koula_Plan_View.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Fig 3. Koula Plan View (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846344\/3\/Fig_1_Seguela_Indicated_and_Inferred_Mineral_Resource_Growth.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Fig 1. S\u00e9gu\u00e9la Indicated &amp; Inferred Mineral Resource Growth Since Acquisition (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846345\/3\/Fig_2_Koula_Long_Section_and_Conceptual_Pit_Outline.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Fig 2. Koula Long Section &amp; Conceptual Pit Outline (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846346\/3\/Fig_4_Seguela_Deposits_and_Targets_Plan_Map.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Fig 4. S\u00e9gu\u00e9la Deposits and Targets Plan Map (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU TORONTO&#8211;(BUSINESS WIRE)&#8211; Roxgold Inc. (\u201cRoxgold\u201d or the \u201cCompany\u201d) (TSX: ROXG) (OTC: ROGFF) is pleased to report an updated Mineral Resource Estimate for the S\u00e9gu\u00e9la Gold Project (\u201cS\u00e9gu\u00e9la\u201d) located in C\u00f4te d\u2019Ivoire. The updated S\u00e9gu\u00e9la NI 43-101 Mineral Resource estimate includes an additional 56,600 m of Reverse Circulation (\u201cRC\u201d) and diamond core (\u201cDD\u201d) drilling since the completion of the S\u00e9gu\u00e9la PEA in April 2020. The drill program prioritized infill drilling of Antenna, Ancien, Boulder and Agouti to increase resource confidence, while rapidly advancing the high grade Koula discovery to its maiden Inferred Resource. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398707","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU TORONTO&#8211;(BUSINESS WIRE)&#8211; Roxgold Inc. (\u201cRoxgold\u201d or the \u201cCompany\u201d) (TSX: ROXG) (OTC: ROGFF) is pleased to report an updated Mineral Resource Estimate for the S\u00e9gu\u00e9la Gold Project (\u201cS\u00e9gu\u00e9la\u201d) located in C\u00f4te d\u2019Ivoire. The updated S\u00e9gu\u00e9la NI 43-101 Mineral Resource estimate includes an additional 56,600 m of Reverse Circulation (\u201cRC\u201d) and diamond core (\u201cDD\u201d) drilling since the completion of the S\u00e9gu\u00e9la PEA in April 2020. The drill program prioritized infill drilling of Antenna, Ancien, Boulder and Agouti to increase resource confidence, while rapidly advancing the high grade Koula discovery to its maiden Inferred Resource. &hellip; Continue reading &quot;Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T11:03:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846344\/4\/Fig_1_Seguela_Indicated_and_Inferred_Mineral_Resource_Growth.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; 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(\u201cRoxgold\u201d or the \u201cCompany\u201d) (TSX: ROXG) (OTC: ROGFF) is pleased to report an updated Mineral Resource Estimate for the S\u00e9gu\u00e9la Gold Project (\u201cS\u00e9gu\u00e9la\u201d) located in C\u00f4te d\u2019Ivoire. The updated S\u00e9gu\u00e9la NI 43-101 Mineral Resource estimate includes an additional 56,600 m of Reverse Circulation (\u201cRC\u201d) and diamond core (\u201cDD\u201d) drilling since the completion of the S\u00e9gu\u00e9la PEA in April 2020. The drill program prioritized infill drilling of Antenna, Ancien, Boulder and Agouti to increase resource confidence, while rapidly advancing the high grade Koula discovery to its maiden Inferred Resource. &hellip; Continue reading \"Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; Reports Maiden Inferred Mineral Resource at Koula of 281,000 oz at 8.1 GPT AU\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-14T11:03:21+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20201214005211\/en\/846344\/4\/Fig_1_Seguela_Indicated_and_Inferred_Mineral_Resource_Growth.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"19 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roxgold-increases-indicated-mineral-resources-by-97-to-over-1-million-ounces-at-seguela-reports-maiden-inferred-mineral-resource-at-koula-of-281000-oz-at-8-1-gpt-au\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Roxgold Increases Indicated Mineral Resources by 97% to Over 1 Million Ounces at S\u00e9gu\u00e9la; 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