Roxgold Drill Program Underway, Results Starting to Come In

Roxgold (OTC Other: ROGFF; TSX-V: ROG) resumed drilling at its Yaramoko property in Burkina Faso in mid-January 2012, since which time the Company has completed 49 holes with an additional 3 holes in progress.  From these holes, 6,605 core samples were submitted to the assay facility in Burkina Faso for processing.  To date, complete results have been received for only 2 holes and their significant gold intercepts are set out below.

  • YRM-12-DDH-070 reported 9.96 g/t gold from 85.0 m to 87.4 m (1.92 m estimated true width)
  • YRM-12-DDH-074 reported 7.58 g/t gold from 90.5 m to 93.6 m (2.48 m estimated true width)

Discussions with the local assay lab have indicated a large backlog of samples at that facility and no assurance of timely delivery of additional results. As a result, Roxgold has removed 530 selected samples from this facility and with those on hand has begun the process to ship the 636 samples by air to TSL Laboratories in Saskatoon, Saskatchewan. This process was employed by the Company during Phase 1 of its drilling campaign last year to avoid the excessive delays associated with assaying in Burkina Faso and results were generally received within 3-4 weeks of the date of shipping.

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