Roxgold Inc. - News Releases - Roxgold Acquires Hudson Bay Mountain Properties

September 30, 2009
Roxgold Acquires Hudson Bay Mountain Properties

Vancouver, B.C. (September 30, 2009) - Roxgold Inc. (the "Company") (TSX.V: ROG) has acquired a 100% interest in three groups of mineral claims, totaling 895 hectares, located on Hudson Bay Mountain near Smithers, BC. The largest of these groups of mineral claims, the Quicksilver group (634 hectares) is strategically located south of and immediately adjacent to the Davidson property, held by Thompson Creek Metals Company Inc. The claims are primarily underlain by Lower Jurassic Hazelton Group volcanic rocks. The latter host at least five known occurrences of shear hosted, structurally controlled polymetallic mineralization in narrow quartz/massive sulphide veins, some of which contain bonanza grade silver values.

Two of the occurrences have been subjected to small-scale mining. Historic records show that the Midnight-Snowshoe-Robin deposit produced 197,039 grams of silver, 312 grams of gold, 280 kg of copper, 10,077 kg of lead and 5,308 kg of zinc from 39 tonnes of ore in 1981-82; representing a recovered grade of 5,052 g/t silver, 8.0 g/t gold, 0.72% copper 25.8% lead and 13.6% zinc. Similarly, the Empire-Rachel-BV-Sunset-Cascade showing is reported to have produced three tonnes of ore containing 20,030 grams silver and 699 kilograms of lead, in 1914. Other occurrences on the property have returned silver values ranging from trace to 277 g/t silver and trace to 13 g/t gold over widths up to 1.2 metres. These, shear-hosted, mineralized veins are believed to represent peripheral mineralization to the intrusion-hosted Davidson Deposit, which has a NI 43-101 compliant measured and indicated resource of 77.2 million tonnes grading 0.169% molybdenum (Company website). The BC Government assessment report database shows that no drilling has taken place on the Quicksilver claims since 1961.

To acquire a 100% interest in the property Company has agreed, subject to regulatory approval to issue the vendors 200,000 shares of Roxgold, and in the event Roxgold elects to option the property to a third party, pay to the vendors 50% of any consideration received in excess of $10,000.

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: Tue Mar 9, 2010, Orocan Resource Corp. Options TJ Ridge Property You can view the Previous News Releases item: Wed Sep 23, 2009, Ireland Project, Nevada - Primary Area Expanded 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			September 30, 2009 Roxgold Acquires Hudson Bay Mountain Properties Vancouver, B.C. (September 30, 2009) - Roxgold Inc. (the "Company") (TSX.V: ROG) has acquired a 100% interest in three groups of mineral claims, totaling 895 hectares, located on Hudson Bay Mountain near Smithers, BC. The largest of these groups of mineral claims, the Quicksilver group (634 hectares) is strategically located south of and immediately adjacent to the Davidson property, held by Thompson Creek Metals Company Inc. The claims are primarily underlain by Lower Jurassic Hazelton Group volcanic rocks. The latter host at least five known occurrences of shear hosted, structurally controlled polymetallic mineralization in narrow quartz/massive sulphide veins, some of which contain bonanza grade silver values. Two of the occurrences have been subjected to small-scale mining. Historic records show that the Midnight-Snowshoe-Robin deposit produced 197,039 grams of silver, 312 grams of gold, 280 kg of copper, 10,077 kg of lead and 5,308 kg of zinc from 39 tonnes of ore in 1981-82; representing a recovered grade of 5,052 g/t silver, 8.0 g/t gold, 0.72% copper 25.8% lead and 13.6% zinc. Similarly, the Empire-Rachel-BV-Sunset-Cascade showing is reported to have produced three tonnes of ore containing 20,030 grams silver and 699 kilograms of lead, in 1914. Other occurrences on the property have returned silver values ranging from trace to 277 g/t silver and trace to 13 g/t gold over widths up to 1.2 metres. These, shear-hosted, mineralized veins are believed to represent peripheral mineralization to the intrusion-hosted Davidson Deposit, which has a NI 43-101 compliant measured and indicated resource of 77.2 million tonnes grading 0.169% molybdenum (Company website). The BC Government assessment report database shows that no drilling has taken place on the Quicksilver claims since 1961. To acquire a 100% interest in the property Company has agreed, subject to regulatory approval to issue the vendors 200,000 shares of Roxgold, and in the event Roxgold elects to option the property to a third party, pay to the vendors 50% of any consideration received in excess of $10,000. 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: Tue Mar 9, 2010, Orocan Resource Corp. Options TJ Ridge Property You can view the Previous News Releases item: Wed Sep 23, 2009, Ireland Project, Nevada - Primary Area Expanded You can return to the main News Releases page, or press the Back button on your browser.