Roscan Announces Granting of Environmental Permit for the Kandiole Gold Project
Roscan Announces Granting of Environmental
Permit for the Kandiole Gold Project
Toronto, Ontario--(Newsfile Corp. - March 16, 2023) -
Roscan Gold Corporation
(TSXV: ROS) (FSE:
2OJ) (OTCQB: RCGCF)
("Roscan" or the "Company")
is pleased to announce that, on March 9,
2023, the Company received the environmental permit
(the "Environmental Permit") from the Ministry of
Environment, Sanitation and Sustainable Development of the Republic of Mali for a mining operation at
its 100% owned Kandiole Gold Project, located in Mali, West Africa ("Kandiole" or the "Project").
This Environmental Permit, which followed the results of the meeting of the Environmental Monitoring
Committee and the validation of the Environmental and Social Impact Report (REIES) held on February
16, 2023, is a key milestone for the development of the Kandiole Gold Project and the penultimate step
that precedes the granting of the final mining license, which Roscan expects to obtain in the near future.
Nana Sangmuah, President and CEO, stated:
"This is a major milestone that significantly de-risk the
Kandiole project towards a shovel ready project with the mining lease in sight. It signals that Mali is
open for business and continues to lay the foundation for further growth in production with a quick
permitting timeline not seen in most jurisdictions. The rigs continue to turn with the goal of growing the
global resource."
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.
For further information, please contact:
Nana Sangmuah
President & CEO
Tel: (902) 832-5555
Email:
Forward-Looking Statements
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company's management's discussion and
analysis as filed under the Company's profile at
www.sedar.com
. Forward-looking information in this
news release is based on the opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and regulatory approvals will be received
as and when expected. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information. The Company disclaims any intention or obligation to update or
revise any forward-looking information, other than as required by applicable securities laws.
Neither the 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/158639