Roscan Expands Gold Zone at Mankouke and Makes a New Discovery at Its Kandiole Project in Western Mali
Roscan Expands Gold Zone at Mankouke and Makes a
New Discovery at Its Kandiole Project in Western Mali
Bedford, Nova Scotia--(Newsfile Corp. - July 22, 2019) -
Roscan Gold Corporation (TSXV: ROS) ("Roscan" or the
"Company")
is pleased to announce the positive assay results from both its diamond drilling and air core (AC) drilling
programs at its Kandiole Project in Mali, West Africa. This drilling program was completed during April to July of 2019 and was
designed to test both the north and south extensions of the Mankouke gold discovery zone and many other strong termite and
soil, gold anomalies. The Mankouke gold discovery has been shown, by detailed drilling, to have a strike length of at least 500
metres. In addition, the recent very impressive AC drilling assay results at the southern end of the Mankouke permit, as shown in
Figure 1, supports the existence of a 7-kilometer long mineralization target corridor associated with the Mankouke discovery.
HIGHLIGHTS
In hole ACMan 19-167
5.86 g/t Au over 26.0 m (incl. 9.44 g/t Au over 10.0 m)
In hole ACMan 19-168
3.74 g/t Au over 30.0 m (incl. 6.73 g/t Au over 6.0 m)
In hole DDH 19-04
8.63 g/t Au over 10.0 m (incl. 11.48 g/t Au over 7.0 m)
In hole DDH 19-03
6.53 g/t Au over 5.0 m (incl. 10.09 g/t Au over 3.0 m)
In hole DDH 19-03
5.56 g/t Au over 3.0 m (incl. 7.14 g/t Au over 2.0 m)
In hole DDH 19-08
3.45 g/t Au over 10.0 m (incl. 6.76 g/t Au over 3.0 m)
Note:
True widths cannot be determined with the information available
A summary of all assay results is presented in Table 1.
COMMENTARY
Greg Isenor, President and CEO of Roscan Gold, stated: "
We are continuing to show that
we have an excellent new gold
discovery at Mankouke that appears to have strike and depth continuity. Our land package has great potential and we are
extremely encouraged by the hits we are seeing on the Mankouke permit. There are many assays yet to be received and
these will be available in the coming weeks. We are extremely pleased our approach to exploration in this area has been
successful. Additional drilling is part of an obvious next step.
The drilling around the Mankouke discovery shows that a strong mineralization system exists and is" alive". This is not
supergene mineralization. We have drilled 19 core holes and have received results for 11 and have significant assays in 8 of
the 11 holes. We are waiting for results for both AC and DDH on the north extension of the trend. (See fig 2). Deeper holes
are planned when we return to drilling after the rain season. The drilling season is over for a few months, however many
results yet to be received. We have the funds to continue drilling after the seasonal rains (July to October). In addition, the
excellent AC results we received in the south of the Mankouke permit (see fig 1) will be followed up as soon as possible.
"
DRILLING PROGRAM
The drilling was carried out during the period May to July with two rigs, one air core drilling rig and one multi-purpose diamond
drilling rig. The diamond drilling was completed in the Mankouke discovery zone area and designed to test for extensions to the
zone. The drilling program has been suspended until the end of the rainy season. At this point in the drilling program, there has
been 19 diamond drill holes completed for a total of 2,017 meters. Assay results have not been received for eight diamond drill
holes. See Figure 2.
A total of 607 AC holes were drilled for a total meterage of 28,037 metres. Approximately 60% of the assays of the AC drilling
have been received. The AC drilling covered the entire land package with testing the most important termite anomalies. Lines of
AC holes were drilled across the target areas generally in an east-west direction and drilled at -50 degrees to the west to a
depth of 45 to 60 metres in a heel to toe fashion. AC drilling is used to sample unconsolidated ground with compressed air used
to remove the cuttings from the hole. During the Kandiole drilling program, 2 metres long samples were collected. For each 2
metre intersection an ~2-kilogram sample was collected and sent to the laboratory.
A check sample of approximately 5
kilograms was collected for possible future tests.
INTREPRETATION
The gold mineralization intersected to date in the Mankouke Zone is hosted in breccia zones which are interbedded with
saprolitic metasediments. Recent core holes have intersected gold mineralized breccia (8.63 g/t Au over 10 metres from 79.1
metres to 89.1 metres along the drill hole) at a vertical depth of 60 metres. This drilling indicates that the initially reported gold
discovery (News Release January 24, 2019) has "roots" and is not near surface enrichment (supergene). This drilling
information clearly shows the potential at depth in this area and identifies that this is typical Birimian, hydrothermal-type gold
mineralization.
Additional interpretation will be completed when all data is available.
PLANS
Remaining assays will be received and processed during the rainy season. It is expected that drilling will resume as early as
mid-October and will primarily consist of both diamond drilling, to test for both the extensions of the Mankouke gold discovery,
and, to test significant AC intersections identified in other areas of the property. In addition, AC drilling will be continued to test
the remaining, untested termite and gold soil anomalies.
QUALIFIED PERSON AND SAMPLE PROTOCOL
The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a Qualified Person as
defined by NI 43-101.
For quality control, duplicated samples were systematically collected in the field, and blank samples were inserted in the sample
batches sent to the laboratory. Before their transportation, the samples were stored in a Roscan secured location in the field.
Batches of samples were transported by truck, driven by Roscan contractors, to the Bureau Veritas laboratory sample
preparation installation of in Bamako; prepared samples were then shipped by Bureau Veritas to their treatment installation at
Abidjan, Ivory Coast. During the assay process, the laboratory applied its own quality controls with blanks, duplicates and
standard samples. The assay method was atomic absorption (AA) with pre-concentration by fire assay (FA); the detection limit
of the method is of 5 ppb.
ABOUT ROSCAN
Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration 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:
Greg Isenor
President and Chief Executive Officer
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.
Table 1
SIGNIFICANT ASSAY RESULTS
AIR CORE DRILLING PROGAM 2019
Hole #
Line #
FROM
(m)
TO
(m)
INTERSECTION
(g/t Au)/m
ACKaN-19-06
S 1383715 N
2.0
8.0
16.0
30.0
4.0
10.0
18.0
32.0
0.68 g/t Au over 2.0 m
1.05 g/t Au over 2.0 m
0.71
g/t Au over 2.0 m
0.72
g/t Au over 2.0 m
ACMan-19-47
S 1379900 N
30.0
32.0
0.56 g/t Au over 2.0 m
ACMan-19-48
S 1379900 N
12.0
14.0
0.62 g/t Au over 2.0 m
ACMan-19-49
S 1379900 N
16.0
22.0
0.49 g/t Au over 6.0 m
ACMan-19-51
S 1379900 N
2.0
10.0
4.0
16.0
1.92 g/t Au over 2.0 m
1.46 g/t Au over 6.0 m
26.0
28.0
1.34 g/t Au over 2.0 m
ACMan-19-74
S 1382160 N
34.0
36.0
0.51 g/t Au over 2.0 m
ACMan-19-84
S 1380600 N
30.0
46.0
40.0
48.0
1.24 g/t Au over 10.0 m
0.53 g/t Au over 2.0 m
ACMan-19-85
S 1380600 N
38.0
44.0
2.44 g/t Au over 6.0 m
ACMan-19-86
S 1380600 N
12.0
26.0
14.0
30.0
3.10 g/t Au over 2.0 m
4.29 g/t Au over 4.0 m
ACMan-19-88
S 1380650 N
14.0
16.0
3.75 g/t Au over 2.0 m
ACMan-19-89
S 1380650 N
42.0
44.0
0.79 g/t Au over 2.0 m
ACMan-19-90
S 1380650 N
16.0
18.0
2.18 g/t Au over 2.0 m
ACMan-19-155
S 1382350 N
18.0
20.0
2.15 g/t Au over 2.0 m
ACMan-19-163
S 1375850 N
36.0
42.0
1.24 g/t Au over 6.0 m
ACMan-19-165
S 1375850 N
6.0
20.0
10.0
22.0
0.91 g/t Au over 4.0 m
2.37 g/t Au over 2.0 m
ACMan-19-166
S 1375850 N
6.0
30.0
44.0
24.0
34.0
50.0
1.40 g/t Au over 18.0 m
8.14 g/t Au over 4.0 m
6.13 g/t Au over 6.0 m
ACMan-19-167
S 1375850 N
4.0
6.0
24.0
28.0
34.0
20.0
8.0
50.0
30.0
44.0
4.50 g/t Au over 16.0 m
Inc. 23.00 g/t Au over 2.0 m
5.86 g/t Au over 26.0 m
Inc. 10.20 g/t Au over 2.0 m
Inc. 9.44 g/t Au over 10.0 m
ACMan-19-168
S 1375850 N
4.0
10.0
20.0
26.0
46.0
14.0
12.0
50.0
32.0
50.0
3.00 g/t Au over 10.0 m
Inc. 10.60 g/t Au over 2.0 m
3.74 g/t Au over 30.0 m
Inc. 6.73 g/t Au over 6.0 m
Inc. 9.19 g/t Au over 4.0 m
ACMan-19-169
S 1375850 N
0.0
8.0
38.0
38.0
2.0
16.0
50.0
42.0
0.54 g/t Au over 2.0 m
1.34 g/t Au over 8.0 m
3.23 g/t Au over 12.0 m
Inc. 5.92 g/t Au over 4.0 m
ACMan-19-170
S 1375850 N
10.0
10.0
22.0
36.00
12.0
26.0
2.76 g/t Au over 26.0 m
Inc. 6.76 g/t Au over 2.0 m
Inc. 8.74 g/t Au over 4.0 m
ACMan-19-171
S 1375850 N
6.0
8.0
0.64 g/t Au over 2.0 m
ACMan-19-181
S 1377200 N
4.0
6.0
1.31 g/t Au over 2.0 m
ACMan-19-189
S 1377200 N
26.0
28.0
1.01 g/t Au over 2.0 m
ACMan-19-196
S 1377200 N
4.0
6.0
1.59 g/t Au over 2.0 m
ACMan-19-200
S 1377420 N
22.0
24.0
2.10 g/t Au over 2.0 m
ACMan-19-217
S 1377420 N
6.0
16.0
12.0
18.0
1.00 g/t Au over 6.0 m
0.99 g/t Au over 2.0 m
ACMan-19-229
S 1378200 N
24.0
26.0
0.65 g/t Au over 2.0 m
ACMou-19-01
S 1398350 N
0.0
2.0
1.33 g/t Au over 2.0 m
ACMou-19-03
S 1398350 N
12.0
38.0
16.0
40.0
0.81 g/t Au over 4.0 m
0.54 g/t Au over 2.0 m
ACMou-19-08
S 1398080 N
26.0
28.0
0.79 g/t Au over 2.0 m
ACMou-19-10
S 1397290 N
6.0
38.0
42.0
8.0
44.0
44.0
0.52 g/t Au over 2.0 m
3.82 g/t Au over 6.0 m
Inc. 8.46 g/t Au over 2.0 m
ACNia-19-04
S 1380260 N
20.0
22.0
0.64 g/t Au over 2.0 m
Note 1:
This table includes all the mineralized intersections with a grade > 0.50 g/t Au; these intersections are considered as
significant intersections.
Note 2:
Intersections in bold refer to intersections with a grade > 0.50 g/t Au, and a length > 2.0.
Note 3:
True widths cannot be determined with the information available.
DIAMOND DRILLING PROGRAM 2019
Hole #
Line #
FROM
(m)
TO
(m)
INTERSECTION
(g/t Au)/m
DDHMan-19-01
1380500 N
35.0
47.0
39.0
48.0
1.04 g/t Au over 4.0 m
1.97 g/t Au over 1.0 m
DDHMan-19-02
1380500 N
75.1
77.1
0.99 g/t Au over 2.0 m
DDHMan-19-03
1380550 N
54.1
54.1
60.1
60.1
71.1
72.1
89.1
57.1
56.1
62.1
61.1
76.1
75.1
90.0
5.56 g/t Au over 3.0 m
Inc. 7.14 g/t Au over 2.0 m
6.48 g/t Au over 2.0 m
Inc. 8.98 g/t Au over 1.0 m
6.53 g/t Au over 5.0 m
Inc. 10.09 g/t Au over 3.0 m
2.60 g/t Au over 0.9 m
DDHMan-19-04
1380550 N
27.1
68.1
79.1
79.1
28.1
72.1
89.1
86.1
1.69 g/t Au over 1.0 m
0.80 g/t Au over 4.0 m
8.63 g/t Au over 10.0 m
Inc. 11.48 g/t Au over 7.0 m
DDHMan-19-05
1380450 N
48.1
51.1
49.1
52.1
1.30 g/t Au over 1.0 m
0.73 g/t Au over 1.0 m
DDHMan-19-07
1380500 N
16.1
28.1
28.1
38.1
17.1
30.1
29.1
39.1
0.71 g/t Au over 1.0 m
14.88 g/t Au over 1.6 m
Inc. 34.00 g/t Au over 0.6 m
0.58 g/t Au over 1.0 m
DDHMan-19-08
1380600 N
11.1
32.1
66.1
73.1
85.1
12.1
33.1
76.1
76.1
86.1
1.07 g/t Au over 1.0 m
12.70 g/t Au over 1.0 m
3.45 g/t Au over 10.0 m
Inc. 6.76 g/t Au over 3.0 m
6.29 g/t Au over 1.0 m
DDHMan-19-12
1380600 N
104.0
105.0
1.07 g/t Au over 1.0 m
DDHMan-19-13
1380600 N
31.0
36.0
41.0
55.0
55.0
74.0
82.0
32.0
37.0
42.0
57.0
56.0
75.0
83.0
0.75 g/t Au over 1.0 m
1.10 g/t Au over 1.0 m
0.64 g/t Au over 1.0 m
4.16 g/t Au over 2.0 m
Inc. 7.81 g/t Au over 1.0 m
0.56 g/t Au over 1.0 m
1.51 g/t Au over 1.0 m
Note 1:
This table includes all the mineralized intersections with a grade > 0.50 g/t Au; these intersections are considered as
significant intersections.
Note 2:
Intersections in bold refer to intersections with a grade > 0.50 g/t Au, and a length > 2.0.
Note 3:
True widths cannot be determined with the information available.
Figure 1
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Figure 2
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