Roxgold Inc. - News Releases - Roxgold Options Nevada Gold Property

July 02, 2009
Roxgold Options Nevada Gold Property

Vancouver, B.C. (July 2, 2009) -- Roxgold Inc. (the "Company") (TSX.V: ROG) announces it has entered into a letter agreement to acquire a 100% interest in certain mineral claims in Nevada subject to a 3% NSR. The area has been explored intermittently for lead, zinc and silver mineralization in fractured and brecciated dolomitized limestone but has been largely dormant since 1964. While most early exploration focused on the base metal content of the property, limited sampling in 2004 and 2005 identified significant concentrations of gold, ranging up to 11.67 g/t gold in eight "grab" samples collected from around old workings over an approximate strike length of 700 feet.

There are no sample descriptions but, based upon assay results from Acme Analytical Laboratories and Assayers Canada, the gold mineralization does not appear to be associated with dolomitization. The gold-bearing samples contain far less magnesium and calcium than the surrounding rocks. Their silica (quartz) content is unknown.

A review of regional air photos suggests there is a color anomaly associated with the mineralization and that there are other, similar, color anomalies in the immediate vicinity. Roxgold will be mobilizing a geological crew for more detailed analysis of both the road accessible optioned property and other potential regional targets once additional compilation is completed.

To earn the 100% interest in the property over 4 years Roxgold must make cash payments totaling $102,500 and issue the vendor 500,000 shares. Of this total, 100,000 shares are due on TSX approval of the option agreement and an additional 100,000 shares and $7,500 in the first year of the agreement.
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

or

Barry Girling, Director
604-806-0991 ext 102
Email

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: Mon Aug 10, 2009, Options Cancelled You can view the Previous News Releases item: Tue Jun 30, 2009, Roxgold Amends Private Placement Terms 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			July 02, 2009 Roxgold Options Nevada Gold Property Vancouver, B.C. (July 2, 2009) -- Roxgold Inc. (the "Company") (TSX.V: ROG) announces it has entered into a letter agreement to acquire a 100% interest in certain mineral claims in Nevada subject to a 3% NSR. The area has been explored intermittently for lead, zinc and silver mineralization in fractured and brecciated dolomitized limestone but has been largely dormant since 1964. While most early exploration focused on the base metal content of the property, limited sampling in 2004 and 2005 identified significant concentrations of gold, ranging up to 11.67 g/t gold in eight "grab" samples collected from around old workings over an approximate strike length of 700 feet. There are no sample descriptions but, based upon assay results from Acme Analytical Laboratories and Assayers Canada, the gold mineralization does not appear to be associated with dolomitization. The gold-bearing samples contain far less magnesium and calcium than the surrounding rocks. Their silica (quartz) content is unknown. A review of regional air photos suggests there is a color anomaly associated with the mineralization and that there are other, similar, color anomalies in the immediate vicinity. Roxgold will be mobilizing a geological crew for more detailed analysis of both the road accessible optioned property and other potential regional targets once additional compilation is completed. To earn the 100% interest in the property over 4 years Roxgold must make cash payments totaling $102,500 and issue the vendor 500,000 shares. Of this total, 100,000 shares are due on TSX approval of the option agreement and an additional 100,000 shares and $7,500 in the first year of the agreement. 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 or Barry Girling, Director 604-806-0991 ext 102 Email 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: Mon Aug 10, 2009, Options Cancelled You can view the Previous News Releases item: Tue Jun 30, 2009, Roxgold Amends Private Placement Terms You can return to the main News Releases page, or press the Back button on your browser.