Roscan Gold Acquires Key Land Package on Northern Boundary of Its Kandiole Project
Roscan Gold Acquires Key Land Package on
Northern Boundary of Its Kandiole Project
Toronto, Ontario--(Newsfile Corp. - February 16, 2021) -
Roscan Gold Corporation
(TSXV: ROS)
(FSE: 2OJ) (OTC Pink: RCGCF)
("Roscan" or the "Company")
is pleased
to announce that the
Company has strategically expanded its land package of the Kandiole Project, by acquiring the permit to
the immediate North-West of the Walia and Moussala
major discoveries (Figure 1). This new permit,
called Segondo West is a crucial additional 42km square kilometers to the Kandiole Project, for a total
land package of 346.8 square kilometers, making Roscan one the largest land holders in the area.
Nana Sangmuah, President and CEO, stated
, "We are delighted to continue to increase our footprint in
Mali, as we are getting a better understanding and knowledge of this world class under-explored
region. This new acquisition is both strategic and critical, with its proximity to the Walia and Moussala
Discoveries. We await the complete 3D interpretation and results of geophysics to complete our
prioritization of key targets that will create maximum value in 2021. The 3D target delineation and
prioritization exercise would refine our existing targets, define new targets and significantly enhance
our already impressive discovery rate. We are looking forward, with optimism, to a promising 2021.
Our vision is to become a major player in the area and continue to increase our footprint, while
working collaboratively with the surrounding communities and Government in a sustainable manner.
This key acquisition and recent discoveries are testaments to the strength of our technical team, and
the tremendous exploration upside potential at Roscan."
Figure 1: Location of Roscan Permits with New Acquisition
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/74377_5bf277e454161a81_001full.jpg
The Aeromagnetic Map (Figure 1), clearly highlights the proximity of Walia and Moussala
Discoveries and the newly acquired land package. The Company remains funded to support an
extended drill campaign that will generate news flow in 2021.
We await interpretation of the Geophysics Survey to better define our targets, which will be tested
as part of the 2021 exploration drilling campaign. A target generation exercise is now in process
incorporating all drilling, surface geochemistry and geology with the new, recently processed,
geophysical data.
Current drilling on the Kandiole Project targeting the Mankouke South Deposit and Kabaya Target
is ongoing to test strike and down dip extensions to confirm the depth and continuity of
mineralization in Fresh Rock and we look forward to updating the market on the progress in the
near future.
Qualified Person (QP) and NI 43-101 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 well-financed 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:
Andrew J. Ramcharan, P.Eng
Executive Vice President - Corporate Development and Investor Relations
Tel: (902) 832-5555
Email:
Greg Isenor
,
P.Geo
Executive Vice-Chairman
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/74377