HIGH GRADE NEWS OUT ! SCREAMS TAKE-OVER IN THE GOLD BOOKS .
Roscan drills 10 m of 4.13 g/t Au at Kandiole
2021-03-11 03:15 PT - News Release
Mr. Nana Sangmuah reports
ROSCAN GOLD CONTINUES TO EXPAND AND UPGRADE THE KANDIOLE NORTH DISCOVERY WITH A 2,000M STRIKE LENGTH AND 92M DEPTH THAT REMAINS OPEN. INTERSECTS 4.13GPT OVER 10M AND 5.43GPT OVER 7M.
Roscan Gold Corp. has released positive drill results at the Kandiole North discovery where the mineralized zone is expanding in size. We continue to increase depth extension and strike length at Kandiole North with high-grade intercepts and the mineralized zones remain open. We have extended gold mineralization down to 92m depth at Kandiole North (Figure 3 and Figure 4).
The Kandiole North (KN1) gold mineralization trend appears to extend for 8km to Moussala (MO1) (Figures 1 & 2) and Kandiole North (KN2) gold mineralization trend appears to extend for 6km to Kabaya (Figures 1 & 2). Drilling at Kabaya is ongoing with the aim to connect these targets and expand its current dimensions. Both Kabaya, Kandiole North and Moussala remains open along strike and depth.
The mineralized corridor trends N020 with steep easterly dips but within the corridor, there are E-W domains with steep north dipping quartz veins that carry the best gold grades (Figure 6). On the section (Figure 3), the mineralization appears to dip 45degree NE but if these intersections correspond to E-W domains (Figure 7), then true widths are in the order of 20m and 10m for the two zones interpreted and dips are about 65degreeN.
Drilling Highlights:
KANDIOLE NORTH - DD AND RC Holes
- 6.67 gpt gold over 4m from drill hole RCKAN21-010 from 116m (End of hole)Including 21.9 gpt gold over 1m from 117m
- 5.43 gpt gold over 7m from drill hole RCKAN21-003 from 69mIncluding 21.9 gpt gold over 1m from 73m
- 4.13 gpt gold over 10m from drill hole RCKAN21-002 from 90mIncluding 25.8 gpt gold over 1m from 92mAnd 3.13 gpt gold over 7m from drill hole RCKAN21-002 from 50mIncluding 12.0 gpt gold over 1m from 52 m
- 2.60 gpt gold over 9m from drill hole RCKAN21-011 from 27mAnd 1.91 gpt gold over 11m from drill hole RCKAN21-011 from 65mIncluding 10.0 gpt gold over 1m from 72m
KANDIOLE NORTH (KN1) AC
- 9.30 gpt gold over 4m from drill hole ACKAN20-1223 from 14mIncluding 18.0 gpt gold over 2m from 16m
- 4.28 gpt gold over 6m from drill hole ACKAN20-1233 from 8m
- 3.37 gpt gold over 8m from drill hole ACKAN20-842 from 30mIncluding 15.7 gpt gold over 1m from 31m
KANDIOLE NORTH (KN4) - AC Holes
- 4.91 gpt gold over 4m from drill hole ACKAN20-1380 from 10m (End of hole)
KANDIOLE NORTH (Regional)
- 9.79 gpt gold over 2m from drill hole ACKAN20-1105 from 10m
Notes: 1: True width yet to be determined, 2: Table 1 - Assay Highlights, 3: 0.5gpt used as cut-off with 2m internal dilution, 4: No top-cut.
Nana Sangmuah, president and CEO, stated, "Kandiole North has been returning some great results and shaping up to be a key deposit for resource definition with 2km strike length and 92m depth and remains open for further expansion along strike and at depth. Numerous holes ended in mineralization clearly showing the potential at depth. We are confident that this resource will play a crucial role in adding significant value to our company building on top of our flagship discoveries of Mankouke South and Kabaya.
The continued drilling success on our numerous regional targets is proving the potential to add ounces from multiple targets on our large land package. We are also seeing encouraging results from our other regional discoveries made in late 2020 including Walia and Moussala North and we look forward to providing updates on those in the near future as more assays become available.
The potential for numerous mineralized corridors on the property over long strike lengths is being further validated by our recent regional exploration success and step-out drilling outside of Mankouke South with hole 89 released earlier this week, we are looking forward to sharing the full results of our extensive geophysics survey in the coming weeks which will further show the clear regional potential for a multi-million oz mining camp at Kandiole."
Geology
The gold mineralization at Kandiole Project is located approximately 25km east of the Fekola mine (B2Gold Corp.). Gold mineralization in Kandiole Project occurs within hydrothermally altered and sheared metasediments of the Kofi formation which include greywacke, limestone and diamictite.
KANDIOLE KN1
Kandiole North has been upgraded from target status to a confirmed zone of mineralization where continuity both along strike and to depth exists. We will continue to drill to build on this mineralization from the initial round of drilling. KN1 alteration in the mineralized saprolite suggests a disseminated pyrite + quartz vein deposit (Figure 5).Figure 6: Drill Core Photo at Kandiole North Showing High Grades (DDKAN20-001)Figure 7: Small Scale Miners at Kandiole North
Drilling Contract and Analytical Protocol
The drilling contracts were awarded to Target Drilling SARL and Geodrill, who both employ multi-purpose (AC/RC/DD) rig and AC rigs, at the Kandiole Project. The AC drilling is mainly focused on drilling exploration targets. Roscan applied industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates are inserted at appropriate intervals.
The samples are sent for preparation to Bureau Veritas Mineral Laboratories in Bamako, Mali and assayed at their analytical facilities in Bamako and in Abidjan, Ivory Coast with fire assay with atomic absorption finish and by gravimetric finish for grades above 10gpt Au.
Drillhole Highlights of Kandiole North (March 11, 2021) Hole ID From (m) To (m)Interval (m)gpt AuComment KANDIOLE NORTH DD AND RC - KN1 Saprolite unless otherwise noted DDKAN20-001 60.4 67.4 7 1.31 74.4 75.4 1 6.84 78.4 79.4 1 0.97 84.4 86.4 2 5.49 including 85.4 86.4 1 10.1 89.4 91.4 2 2.81 94.4 95.4 1 0.51 104.4 105.4 1 0.63 DDKAN20-002 32.5 33.5 1 0.64 54.5 59.5 5 1.21 66.5 67.5 1 1.24 70.5 71.5 1 0.90 74.5 77.5 3 1.33 80.5 81.5 1 0.50 109.5 110.5 1 0.52 127.5 128.5 1 0.55 DDKAN20-003 NSR DDKAN21-004 9.0 10.0 1 5.55 19.0 20.0 1 1.28 Assays pending from 22m 38.0 39.0 1 0.57 RCDDKAN21-05 188.4 189.4 1 0.88 FRESH Assays pending starting 291m to EOH at 320m RCKAN21-001 50.0 51.0 1 4.73 73.0 74.0 1 1.64 RCKAN21-002 9.0 10.0 1 0.72 50.0 57.0 7 3.13 including 52.0 53.0 1 12.0 82.0 83.0 1 1.09 86.0 87.0 1 0.72 90.0 100.0 10 4.13 including 92.0 93.0 1 25.8 RCKAN21-003 12.0 19.0 7 1.07 34.0 35.0 1 0.77 36.0 37.0 1 0.54 50.0 52.0 2 3.89 59.0 62.0 3 1.22 69.0 76.0 7 5.43 including 73.0 74.0 1 21.9 81.0 82.0 1 0.60 119.0 120.0 1 1.40 END OF THE HOLE RCKAN21-004 2.0 30.0 28 0.74 92.0 93.0 1 0.66 111.0 112.0 1 0.56 RCKAN21-005 119 120 1 1.26 END OF THE HOLE RCKAN21-006 1.0 2.0 1 0.85 LAT 64.0 65.0 1 0.98 RCKAN21-007 38.0 39.0 1 0.57 RCKAN21-008 98.0 100.0 2 1.37 106.0 110.0 4 4.50 including 106.0 107.0 1 16.0 RCKAN21-010 44.0 45.0 1 0.57 91.0 92.0 1 0.99 101.0 102.0 1 0.67 110.0 111.0 1 3.17 116.0 120.0 4 6.67 END OF THE HOLE including 117.0 118.0 1 21.9 RCKAN21-011 0.0 2.0 2 1.04 12.0 14.0 2 0.62 27.0 36.0 9 2.60 45.0 47.0 2 0.97 53.0 56.0 3 0.61 65.0 76.0 11 1.91 including 72.0 73.0 1 10.0 87.0 93.0 6 1.95 104.0 105.0 1 0.55 111.0 114.0 3 1.93 RCKAN21-012 74.0 75.0 1 0.50 76.0 77.0 1 0.60 RCKAN21-013 15.0 16.0 1 3.56 68.0 69.0 1 0.70 93.0 94.0 1 2.18 105.0 106.0 1 1.10 108.0 109.0 1 0.59 RCKAN21-014 13.0 14.0 1 2.13 117.0 118.0 2 1.05 KANDIOLE NORTH AC RESULTS - KN1 ACKAN20-814 1.0 3.0 2 1.4 LAT 8.0 10.0 2 0.72 LAT 29.0 30.0 1 0.81 33.0 39.0 6 1.83 ACKAN20-840 26.0 27.0 1 0.79 ACKAN20-841 19.0 20.0 1 0.78 47.0 48.0 1 0.82 ACKAN20-842 1.0 2.0 1 2.48 LAT 12.0 13.0 1 0.58 30.0 38.0 8 3.37 including 31.0 32.0 1 15.7 41.0 42.0 1 1.21 ACKAN20-843 11.0 15.0 4 0.54 40.0 41.0 1 0.57 ACKAN20-929 8.0 10.0 2 1.03 ACKAN20-930 16.0 18.0 2 0.63 ACKAN20-937 40.0 42.0 2 0.64 ACKAN20-938 16.0 18.0 2 3.86 ACKAN20-939 6.0 8.0 2 0.77 16.0 18.0 2 0.64 ACKAN20-940 28.0 30.0 2 0.86 ACKAN20-1000 18.0 20.0 2 0.54 ACKAN20-1212 10.0 12.0 2 0.68 ACKAN20-1221 0.0 6.0 6 0.64 LAT ACKAN20-1223 14.0 18.0 4 9.30 including 16.0 18.0 2 18.0 22.0 24.0 2 1.11 30.0 32.0 2 0.68 ACKAN20-1224 6.0 12.0 6 0.92 44.0 48.0 4 2.36 ACKAN20-1225 6.0 14.0 8 1.26 38.0 48.0 10 1.71 including 38.0 40.0 2 5.74 ACKAN20-1226 40.0 46.0 6 1.00 ACKAN20-1227 8.0 12.0 4 1.49 16.0 20.0 4 0.59 ACKAN20-1228 40.0 42.0 2 1.73 ACKAN20-1230 28.0 30.0 2 0.64 ACKAN20-1231 48.0 50.0 2 0.95 END OF THE HOLE ACKAN20-1233 8.0 14.0 6 4.28 18.0 20.0 2 1.36 32.0 34.0 2 0.73 42.0 44.0 2 4.01 ACKAN20-1234 0.0 2.0 2 2.03 LAT 12.0 14.0 2 0.79 ACKAN20-1244 0.0 2.0 2 1.57 LAT ACKAN20-1246 18.0 20.0 2 1.28 26.0 28.0 2 0.51 46.0 48.0 2 1.72 ACKAN20-1250 14.0 16.0 2 1.12 ACKAN20-1257 48.0 50.0 2 0.54 END OF THE HOLE ACKAN20-1262 14.0 16.0 2 0.51 28.0 30.0 2 3.96 ACKAN20-1301 26.0 28.0 2 0.61 ACKAN20-1307 36.0 38.0 2 0.95 ACKAN20-1308 16.0 18.0 2 0.62 ACKAN20-1316 26.0 28.0 2 0.55 ACKAN20-1318 20.0 22.0 2 1.14 34.0 36.0 2 0.89 ACKAN20-1333 26.0 28.0 2 1.01 ACKAN20-1334 6.0 8.0 2 0.51 38.0 42.0 4 2.69 ACKAN20-1335 32.0 34.0 2 0.84 ACKAN20-1336 8.0 10.0 2 1.38 KANDIOLE NORTH AC RESULTS - KN2 ACKAN20-1121 26.0 28.0 2 0.87 ACKAN20-1123 12.0 14.0 2 0.94 28.0 40.0 12 1.17 ACKAN20-1124 0.0 2.0 2 1.29 LAT 22.0 26.0 4 0.82 36.0 46.0 10 0.69 ACKAN20-1125 6.0 8.0 2 0.96 LAT 44.0 50.0 6 1.05 END OF THE HOLE ACKAN20-1126 4.0 6.0 2 0.50 LAT 22.0 24.0 2 0.93 ACKAN20-1178 42.0 44.0 2 0.61 ACKAN20-1179 42.0 44.0 2 0.55 48.0 50.0 2 2.89 END OF THE HOLE ACKAN20-1180 32.0 34.0 2 0.63 46.0 48.0 2 0.69 ACKAN20-1183 20.0 22.0 2 1.79 ACKAN20-1184 14.0 16.0 2 0.85 36.0 38.0 2 0.94 42.0 44.0 2 0.65 ACKAN20-1186 28.0 30.0 2 0.67 40.0 42.0 2 1.91 ACKAN20-1218 16.0 18.0 2 0.59 ACKAN20-1219 10.0 22.0 12 0.72 KANDIOLE NORTH AC RESULTS - KN4 ACKAN20-1375 20.0 22.0 2 0.97 ACKAN20-1380 10.0 14.0 4 4.91 END OF THE HOLE ACKAN20-1381 8.0 14.0 6 1.67 END OF THE HOLE KNR (REGIONAL) ACKAN20-800 22.0 24.0 2 0.76 ACKAN20-874 6.0 8.0 2 0.93 ACKAN20-880 34.0 36.0 2 0.79 ACKAN20-884 20.0 24.0 4 1.03 48.0 50.0 2 0.75 END OF THE HOLE ACKAN20-917 22.0 24.0 2 2.74 ACKAN20-968 18.0 20.0 2 0.81 ACKAN20-974 2.0 4.0 2 0.78 LAT ACKAN20-1063 8.0 10.0 2 1.52 ACKAN20-1105 10.0 12.0 2 9.79 ACKAN20-1128 20.0 22.0 2 0.53 ACKAN20-1133 42.0 44.0 2 1.00 ACKAN20-1152 28.0 30.0 2 0.65 ACKAN20-1167 42.0 44.0 2 1.94 ACKAN20-1265 22.0 26.0 4 1.70 ACKAN20-1266 30.0 32.0 2 0.94 ACKAN20-1269 14.0 16.0 2 0.51 ACKAN20-1270 14.0 22.0 8 0.60 ACKAN20-1312 16.0 18.0 2 0.74 ACKAN20-1355 30.0 32.0 2 0.55 ACKAN20-1356 12.0 16.0 4 1.42
Qualified Person (QP) and NI43-101 Disclosure
Greg Isenor, P. Geo., Executive Vice-Chairman for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.
About Roscan
Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali.
We seek Safe Harbor.