Roxgold Inc. - News Releases - Additional "Leakage Zone" Targets Defined for 2009 Exploration; Roxgold Agrees to Terms of $240,000 Flow through Private Placement

June 09, 2009
Additional "Leakage Zone" Targets Defined for 2009 Exploration; Roxgold Agrees to Terms of $240,000 Flow through Private Placement

Vancouver, B.C. (June 9, 2009) - Roxgold Inc. (the "Company") (TSX.V: ROG) announces that it has finished compiling and computer modeling the results of its 2007 and 2008 drilling and trenching programs, and it is preparing for a follow-up program later this summer. The results continue to support the previously-proposed "Carbonate-Base Metal Gold System" geological model (see www.roxgold.com for details) and the Company has identified numerous exploration targets consistent with this style of mineralization. Roxgold is exploring for high-grade, gold-bearing, stockwork vein deposits in igneous and sedimentary rocks north of Hazelton, British Columbia. The results show that the sediments are cut by flat lying monzonite bodies ("sills") that predate mineralization, and may act as a "cap-rock" that causes the mineralizing solutions to "pool" in the underlying altered and deformed sediment. These mineralizing solutions are most likely associated with a set of younger, quartz-feldspar porphyry, dykes. The "Discovery Trench" mineralization, located in 2008, appears to have been deposited in a fault that cuts and off-sets a flat-lying monzonite sill. It may reflect leakage of "ponded" fluid through a structural break. Representative samples of vein material yielded values up to 19.0 g/t gold and 3356 g/t silver. Analysis of the drill sections across the Discovery Trench area shows that the area is structurally complex.

All the historic soil geochemical results from several exploration programs completed since the mid 1980s have now been incorporated into a single computerized geological database. The results define an area of anomalous soil geochemistry 4.5 kilometres long (open to Southeast) and up to 2.6 kilometres wide. The data show anomalous zones trending at 340o (parallel to the Discovery structure) and at 030o to 070⁰ approximately perpendicular to the dominant regional trend. In several areas, topographic features have been identified that are either parallel to, or coincident with these secondary structures. Soil geochemical anomalies found where regional 340o and secondary 030o trend structures intersect are highly prospective targets for the location of additional leakage zones. The Company plans to explore these structural intersections, looking for future drill targets.

During this compilation effort, historic geologic data (1986 to 2006) from exploration programs prior to Roxgold's operatorship of the property were reviewed and several areas of mineralization that have not been evaluated in any trenching or drilling programs were identified. Some appear to lie in areas of projected structural intersections. They will be priority targets for the next phase of exploration.

Based upon the successful identification of zones of high grade mineralization supportive of the "Carbonate-Base Metal Gold System" geological model, Roxgold's geological staff has proposed a 2009 exploration program. Unexplored historic mineral showings will be re-located and evaluated; some of the 030o soil anomalies will be soil sampled on north -- south lines perpendicular to the current survey in an effort to assess the continuity and importance of these features, and the principal targets will be mechanically trenched, looking for leakage and larger exploration targets for future drilling.

In 2008 Roxgold completed an access trail that now joins the property to a forest service road. This, together with an exploration camp which is already in place, will allow for a cost effective exploration program.

"The 2008 exploration was successful in locating high grade mineralization that fits very well with our geologic model," commented Alan Raven, President of Roxgold. "The objective for the 2009 exploration program is to locate additional leakage zones, surface expressions of mineralization and to better define the related structural controls in an effort to locate areas prospective for the pooling of the mineralized solutions for drill testing."

To fund the proposed exploration program, Roxgold has agreed to a non-brokered flow through private placement of up to 4 million units at a price of $0.06 per unit. Each unit is comprised of one flow through share and one half of one non-flow-through share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of $0.08 in the first year and $0.15 thereafter until expiry two years from closing. Where applicable, Roxgold will pay a finder's fee in accordance with the policies of the TSX Venture Exchange.

Independent consulting geologist Robert Pinsent, PhD, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed the information contained herein.

Roxgold Inc.

Per: "Alan Raven"

Alan Raven
President and CEO

Contact:
Roxgold Inc.
880 -- 580 Hornby Street, Vancouver, BC
Alan Raven, President
604-806-0991 ext 117
Email alan@roxgold.com

or

Barry Girling, Director
604-806-0991 ext 102
Email barry@roxgold.com

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

You can view the Next News Releases item: Tue Jun 30, 2009, Roxgold Amends Private Placement Terms You can view the Previous News Releases item: Tue May 5, 2009, Roxgold Closes Non-Brokered Private Placement You can return to the main News Releases page, or press the Back button on your browser.

		News		News Releases
		2010 2009 2008 2007 2006 2005 If you have further questions please contact info@roxgold.com			June 09, 2009 Additional "Leakage Zone" Targets Defined for 2009 Exploration; Roxgold Agrees to Terms of $240,000 Flow through Private Placement Vancouver, B.C. (June 9, 2009) - Roxgold Inc. (the "Company") (TSX.V: ROG) announces that it has finished compiling and computer modeling the results of its 2007 and 2008 drilling and trenching programs, and it is preparing for a follow-up program later this summer. The results continue to support the previously-proposed "Carbonate-Base Metal Gold System" geological model (see www.roxgold.com for details) and the Company has identified numerous exploration targets consistent with this style of mineralization. Roxgold is exploring for high-grade, gold-bearing, stockwork vein deposits in igneous and sedimentary rocks north of Hazelton, British Columbia. The results show that the sediments are cut by flat lying monzonite bodies ("sills") that predate mineralization, and may act as a "cap-rock" that causes the mineralizing solutions to "pool" in the underlying altered and deformed sediment. These mineralizing solutions are most likely associated with a set of younger, quartz-feldspar porphyry, dykes. The "Discovery Trench" mineralization, located in 2008, appears to have been deposited in a fault that cuts and off-sets a flat-lying monzonite sill. It may reflect leakage of "ponded" fluid through a structural break. Representative samples of vein material yielded values up to 19.0 g/t gold and 3356 g/t silver. Analysis of the drill sections across the Discovery Trench area shows that the area is structurally complex. All the historic soil geochemical results from several exploration programs completed since the mid 1980s have now been incorporated into a single computerized geological database. The results define an area of anomalous soil geochemistry 4.5 kilometres long (open to Southeast) and up to 2.6 kilometres wide. The data show anomalous zones trending at 340o (parallel to the Discovery structure) and at 030o to 070⁰ approximately perpendicular to the dominant regional trend. In several areas, topographic features have been identified that are either parallel to, or coincident with these secondary structures. Soil geochemical anomalies found where regional 340o and secondary 030o trend structures intersect are highly prospective targets for the location of additional leakage zones. The Company plans to explore these structural intersections, looking for future drill targets. During this compilation effort, historic geologic data (1986 to 2006) from exploration programs prior to Roxgold's operatorship of the property were reviewed and several areas of mineralization that have not been evaluated in any trenching or drilling programs were identified. Some appear to lie in areas of projected structural intersections. They will be priority targets for the next phase of exploration. Based upon the successful identification of zones of high grade mineralization supportive of the "Carbonate-Base Metal Gold System" geological model, Roxgold's geological staff has proposed a 2009 exploration program. Unexplored historic mineral showings will be re-located and evaluated; some of the 030o soil anomalies will be soil sampled on north -- south lines perpendicular to the current survey in an effort to assess the continuity and importance of these features, and the principal targets will be mechanically trenched, looking for leakage and larger exploration targets for future drilling. In 2008 Roxgold completed an access trail that now joins the property to a forest service road. This, together with an exploration camp which is already in place, will allow for a cost effective exploration program. "The 2008 exploration was successful in locating high grade mineralization that fits very well with our geologic model," commented Alan Raven, President of Roxgold. "The objective for the 2009 exploration program is to locate additional leakage zones, surface expressions of mineralization and to better define the related structural controls in an effort to locate areas prospective for the pooling of the mineralized solutions for drill testing." To fund the proposed exploration program, Roxgold has agreed to a non-brokered flow through private placement of up to 4 million units at a price of $0.06 per unit. Each unit is comprised of one flow through share and one half of one non-flow-through share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of $0.08 in the first year and $0.15 thereafter until expiry two years from closing. Where applicable, Roxgold will pay a finder's fee in accordance with the policies of the TSX Venture Exchange. Independent consulting geologist Robert Pinsent, PhD, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed the information contained herein. Roxgold Inc. Per: "Alan Raven" Alan Raven President and CEO Contact: Roxgold Inc. 880 -- 580 Hornby Street, Vancouver, BC Alan Raven, President 604-806-0991 ext 117 Email alan@roxgold.com or Barry Girling, Director 604-806-0991 ext 102 Email barry@roxgold.com 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 You can view the Next News Releases item: Tue Jun 30, 2009, Roxgold Amends Private Placement Terms You can view the Previous News Releases item: Tue May 5, 2009, Roxgold Closes Non-Brokered Private Placement You can return to the main News Releases page, or press the Back button on your browser.