\nRoxgold Inc. (\u201cRoxgold\u201d or the \u201cCompany\u201d) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce assay results from down-plunge extension drilling below the high grade deposit, Koula, at the S\u00e9gu\u00e9la Gold Project (\u201cS\u00e9gu\u00e9la\u201d) located in C\u00f4te d\u2019Ivoire.\n<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210309005287\/en\/<\/a><\/p>\n Figure 1. S\u00e9gu\u00e9la deposits and satellite prospects (Graphic: Business Wire)<\/p>\n<\/div>\n S\u00e9gu\u00e9la Gold Project, C\u00f4te d\u2019Ivoire:<\/b><\/p>\n Highlights from Reverse Circulation (\u201cRC\u201d) and Diamond tail (\u201cRD\u201d) drilling<\/i><\/p>\n Koula<\/span><\/p>\n \n\u201cAs S\u00e9gu\u00e9la moves closer to a construction decision, we continue to push towards the goal of defining additional mineralization in support of our vision of S\u00e9gu\u00e9la becoming a 150,000 ounce per year producer over ten plus years,\u201d commented John Dorward, President and Chief Executive Officer of Roxgold. \u201cThe assay results today, while still early, build our confidence in the potential for Koula to conceptually extend its life via a high-grade underground operation. The strength of mineralization at depth at Koula is similar to what we were seeing at depth down-plunge in Ancien last year \u2013 a program which was temporarily put on hold in order to infill and upgrade the in-pit defined Inferred Mineral Resource at Koula for inclusion into the upcoming Feasibility study. While we had initially viewed Koula as an attractive satellite opportunity it is now clear that it has the potential to be the most important deposit defined at S\u00e9gu\u00e9la so far. In addition, our drills have resumed extension testing at Ancien, the other ultra-high grade deposit discovered to date.\n<\/p>\n \n\u201cWe continue to believe we have only begun to tap the 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 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 second quarter of this 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 \nPaul Weedon, Vice President Exploration commented \u201cBuilding off the recent high grade results from the conclusion of the infill program, these new results highlight the potential for an underground target extending down-plunge from Koula and provide a high degree of confidence in the high grades over at least 150m down-plunge. Coupled with the 14m at 4.3 g\/t intersected in SGRD971 we see mineralization extending at least 250m at depth and I am looking forward to the results from the next round of step-out drilling, which is testing the potential a further 120m down-plunge.\u201d\n<\/p>\n Figure 1. S\u00e9gu\u00e9la deposits and satellite prospects<\/b><\/p>\n Koula<\/b><\/p>\n \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. A diamond drill rig is continuing to test for down plunge extensions to the high grade Koula mineralization, targeting the next 120m to 150m step-out further down plunge from the previously deepest intersection of 14m at 4.3 g\/t in SGRD971.\n<\/p>\n \nMineralization is hosted by quartz-carbonate veining associated with a well developed mylonitic fabric within and along the interpreted margins of a tholeiitic basalt, with a very strong structural control evident in the association of a cross-cutting north north-east trending structure. This mylonitic zone can be traced for several kilometres along strike on the regional magnetics and looks to also be associated with the mineralization at Ancien, some 6km to the south.\n<\/p>\n Figure 2. Koula assay results and assay status<\/b><\/p>\n \nHighlights from the most recent phase of the Indicated infill drilling program at Koula include:\n<\/p>\n Catalysts and Next Steps<\/b><\/p>\n![\"Figure](\"https:\/\/mms.businesswire.com\/media\/20210309005287\/en\/863946\/4\/Figure_1_Seguela_deposits_and_satellite_prospects.jpg\")
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