Roxgold Inc. announced results from its latest drilling program from the QV1 and QV Prime (QV') structures at the Bagassi South regional exploration target 1.8 km south of the 55 Zone. This program, accounting for approximately 3,000 m of Reverse Circulation ("RC") and Diamond Drilling ("DD"), was successful in further extending the high grade QV1 mineralization along strike and down plunge from existing intercepts by approximately 100 metres in hole YRM-15-RD-BGS-104A. The results announced now are from an 11 hole 3,000 m Diamond and RC drill program that was designed to test for mineralization to the south of the Bagassi dyke as well as evaluate the up-dip potential and infill gaps in the drilling to the north of the dyke.

Holes were drilled with an RC pre-collar to approximately 10 m above their intended target depth and were subsequently competed with a diamond tail. Of this program, approximately 640 m of Diamond and 1,730 m of RC were drilled at QV1. At QV', 155 m of Diamond and 470 m of RC were completed.

All holes targeting the QV1 structure intersected the structure where expected. Holes were targeted to explore the south easterly plunging QV1 structure and enlarge the mineral envelope; hole 104A is the most southern intersect to date where the hole swung to the south intersecting high grade mineralization 100 m further south than previously encountered. The QV1 structure remains open down plunge and along strike.

At QV', 2 holes were drilled to test for the continuity of the structure to the south east. QV' is located within the hanging wall of the QV1 structure. Both holes intersected anomalous mineralization and structure consistent with the intersection in YRM-14-DD-BGS-056 and this structure remains open along strike and plunge to the south east.

Follow up drilling at QV1 has commenced with the aim of drilling out the mineralized envelope as currently defined with sufficient drill spacing to enable the completion a resource estimate. A preliminary metallurgical test work program was conducted on approximately 30kg of sample material from the QV1 target at Bagassi South. Sample material was selected from drill core taken from previous drilling at QV1 and included 4 composite samples and 2 variability samples.

These samples were selected from intervals along the strike length of the QV1 area and are representative of all mineralization types encountered at QV1 to date. The metallurgical test work was completed in Perth, Western Australia by Ammtec ALS laboratories and at the program was designed to define the metallurgical characteristics of the high grade material from Bagassi South. Gravity response, leach kinetics, hardness, reagent consumption and overall potential recovery rates were assessed.

The metallurgical test results are consistent with the metallurgical response observed in ore from the Yaramoko 55 Zone deposit. Bond Ball Mill Work Index Tests, to assess the ore hardness, were completed on the QV1 Composite and QV1 Ext Composite, returning values of 17.4 kWh/t and 18.0 kWh/t, respectively. These values are comparable with the ore hardness results recorded at Yaramoko's 55 Zone.

Both the gravity-leach and whole ore leach recovery rates were comparable, with high recoveries being recognised whether inclusive of the gravity stage or not.