Roxgold Inc.
TSX VENTURE : ROG

Roxgold Inc.

December 01, 2010 09:30 ET

Roxgold Inc.: Geophysical and Geochemical Surveys Identify Additional Targets Drilling Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - Roxgold Inc. (TSX VENTURE:ROG) ("Roxgold" or the "Company") announces the commencement of drilling on the Yaramoko gold property in Burkina Faso, West Africa.

The Company has been advised by Riverstone Resources Ltd. ("Riverstone" RVS:TSX.V), the operator for the current phase of the exploration program, that a high resolution airborne geophysical survey has been completed on the Yaramoko Property ("Yaramoko") . Yaramoko is south of and contiguous to the Mana gold mine, where gold is being produced by Semafo, Inc. from a series of high-grade gold veins. The airborne survey together with new soil geochemical survey results has generated additional gold targets for the current drill program. Soil geochemistry anomalies include extensions along known structures where previous drilling has identified variable concentrations of gold mineralization as well as several new anomalies.

Roxgold's initial Phase 1 drill program at Yaramoko comprised of approximately 2500 meters of reverse circulation drilling in 20 holes is now underway. This initial program will test anomalous zones along known gold bearing structures. Previous drilling by Riverstone included three holes collared over about 400 meters of strike length that intersected 2.04 grams per tonne ("gpt") gold over 14 meters (YRM-07-RC-015), 11.88 gpt gold over six meters (YRM-07-RC-022), and 14.82 gpt gold over two meters (YRM-07-RC-017).

Yaramoko is one of three gold exploration concessions in the greenstone belts of Burkina Faso, West Africa: (Yaramoko, Bissa West and Solna) in which the Company has an option to earn up to a 60% interest from Riverstone The targets are greenstone hosted gold targets similar to those which have generated numerous exploration successes and new mine developments in Burkina Faso. The Phase 1 drill program at Yaramoko is scheduled for completion in January 2011 after which Roxgold will continue with 2500 meter drill programs on Bissa West (rock samples up to 19.0 gpt gold and widespread artisanal workings) and Solna (trench results include 7.34 gpt gold over 7.5 meters). Follow up Phase 2 work at Yaramoko will consist of additional reverse circulation and core drilling based on the Phase1 results.

Paul G. Anderson, P. Geo. is a Qualified Person for RVS and has reviewed and approved the contents of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Robert Sibthorpe, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information