Roscan Gold Continues to Expand Gold Mineralization at Kabaya Intersects 1.49 gpt gold over 37m and 3.09 gpt gold over 12m
Roscan Gold Continues to Expand Gold
Mineralization at Kabaya Intersects 1.49 gpt
gold over 37m and 3.09 gpt gold over 12m
Toronto, Ontario--(Newsfile Corp. - December 7, 2022) -
Roscan Gold Corporation
(TSXV: ROS)
(FSE: 2OJ) (OTCQB: RCGCF)
("Roscan" or the "Company")
is pleased to announce positive RC
(Reverse Circulation) drilling results at Kabaya KB3 (Figure 1) from an additional 18 holes totaling 2,220
meters (m).
KB3 is the satellite deposit North of the main Kabaya resource (KB1 and KB2). The recent drilling
results provide some significant intercepts at depth, in the fresh rock confirming the mineralization
continuity, growing the gold mineralization envelope toward the East, as well as to the South.
The mineralization shape has an NNE-SSW orientation plunging to the South, outlining an unexplored
southern window.
The current drilling results at KB3 delineate an estimated strike length of 350m, a width of 100m, and
150m vertical depth. This zone is open
at depth and laterally. There is an underexplored zone of 850m
between KB3 and KB1-2, and the main gold mineralization is yet to be fully tested.
Drilling Highlights:
Kabaya - Reverse Circulation Drill Holes
1.49 gpt gold over 37m from drill hole RCDBS22-0118 from 83m
Including 5.44 gpt gold over 3m from 99m
3.09 gpt gold over 12m from drill hole RCDBS22-0119 from 118m (KB3)
And 7.94 gpt gold over 3m from 120m
1.03 gpt gold over 24m from drill hole RCDBS22-0103 from 12m
Including 5.24 gpt gold over 1m from 33m.
1.65 gpt gold over 5m from drill hole RCDBS22-0104 from 109m
And 1.1 gpt gold over 12m from 117m
1.28 gpt gold over 4 m from drill hole RCDBS22-0117 from 74m
And 1.31 gpt gold over 5m from 84m
And 1.19 gpt gold over 7m from 123m
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
, "Drilling at Kabaya continues to expand the footprint
of the gold mineralization beyond the current footprints of the maiden resource. We are excited by the
fresh rock intercepts at KB3, which points to a larger mineralized system with the 850-meter gap zone
between KB1-2 and KB3 yet to be fully tested. This the second new zone discovered outside the
perimeter of the known resource at Kabaya and will be further tested in the next round of drilling to
commence before Christmas."
Figure 1: Kabaya KB3 drilling plan view, gold and lithological contouring envelopes projected to the
surface and drill hole locations.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/4821/147051_26662d5d5431b9c4_001full.jpg
The gold mineralization at Kabaya KB3 (Figure 2) is disseminated and associated with strong
kaolinization. The gold host rock is an alternate between tuffaceous and greywacke facies crosscut by
younger dolerite sills and dykes. The higher-grade zone doesn't appear at the surface and from the
longitudinal section the mineralization is plunging around 20-30° to the South. This higher grade hasn't
been captured in the resource estimation (Press Release June 8
th
, 2022).
Figure 2: Kabaya gold deposit, KB3 satellite North, section A 1390700N
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/4821/147051_26662d5d5431b9c4_002full.jpg
Figure 3: Kabaya KB3, Leapfrog Geo longitudinal section
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/4821/147051_26662d5d5431b9c4_003full.jpg
The Kabaya Deposit is part of a prolific regional Siribaya-Mankouke-Seko structural corridor (Figure 4).
The Kabaya gold orebody is on the Eastern edge of this major structure covered well by the Roscan
large land package over 25km.
Figure 4: Roscan permits on the Airborne Magnetic geophysics background with the Roscan
resources zones, the targets in development, the gold deposits around. The Roscan tenements are
surrounded by B2gold permits.
To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/4821/147051_26662d5d5431b9c4_004full.jpg
Drilling and Analytical Protocol
Roscan uses Geodrill Reverse Circulation (RC) to drill until maximum 170m to reach the target and
Foraco to drill diamond hole, using PQ size rods in the saprolite and HQ size in the fresh rock.
The samples have been sent for preparation to the ALS Laboratories in Bamako, Mali, and assayed at
their analytical facilities to Ouagadougou, for 1 kg Bottle Roll for DD and 2kg Bottle Roll for RC with
atomic absorption finish, including tail analysis by 50g Fire Assays for results more than 0.05ppm.
Roscan applied industry-standard QA/QC procedures to the program using reference materials, blanks,
standards, and duplicates.
Table 1: Drillhole Highlights at Kabaya KB3 (Dabia South)
Hole ID
From (m)
To (m)
Interval (m)
gpt Au
Comment
RCDBS22-0103
5
7
2
0.62
Laterite
12
36
24
1.03
Saprolite
including
33
34
1
5.24
Saprolite
42
48
6
1.14
Saprolite
55
58
3
0.85
Saprolite
64
65
1
0.62
Saprock
RCDBS22-0104
109
114
5
1.65
Fresh rock
117
129
12
1.10
Fresh rock
RCDBS22-0117
74
78
4
1.28
Saprock
including
74
75
1
3.58
Saprock
84
89
5
1.31
Saprock
103
105
2
2.15
Saprock
116
119
3
0.83
Saprolite
123
130
7
1.19
Saprolite
RCDBS22-0118
83
120
37
1.49
Saprolite
including
99
102
3
5.44
Saprolite
including
106
107
1
4.59
Saprolite
123
128
5
0.92
Saprock
134
135
1
0.53
Saprock
166
169
3
0.91
Fresh rock
RCDBS22-0119
104
108
4
0.80
Saprolite
118
130
12
3.09
Saprolite
120
123
3
7.94
Saprolite
RCDBS22-0120
125
127
2
1.00
Saprolite
RCDBS22-0122
30
33
3
0.77
Saprolite
44
45
1
0.86
Saprolite
59
60
1
0.56
Saprock
65
69
4
1.13
Saprock
71
72
1
0.64
Saprolite
79
80
1
0.52
Saprock
RCDBS22-0123
5
6
1
0.50
Laterite
30
31
1
0.51
Saprolite
44
49
5
0.80
Saprolite
55
58
3
0.55
Saprolite
77
83
6
0.90
Saprock & Saprolite
RCDBS22-0124
104
105
1
0.57
Saprolite
149
150
1
2.79
Saprock
RCDBS22-0126
62
69
7
0.79
Saprolite
80
82
2
0.75
Saprolite
85
89
4
1.31
Saprolite
98
99
1
0.67
Saprolite
104
105
1
0.95
Saprolite
109
111
2
0.92
Saprolite
137
138
1
0.66
Fresh rock
145
147
2
0.58
Fresh rock
149
151
2
0.88
Fresh rock
RCDBS22-0128
68
76
8
0.71
Saprolite
80
81
1
0.55
Saprolite
89
90
1
2.22
Saprolite
97
98
1
0.80
Saprolite
154
160
6
1.04
Fresh rock
162
165
3
0.58
Fresh rock
167
170
3
1.39
Fresh rock
Table 2: Drillhole ID of Kabaya (Dabia South)
Hole ID
X Collar
Y Collar
Zcolar
Section
AZM
DIP
EOH
RCDBS22-0102
265111
1390599
153
1394615
90
-75
88
RCDBS22-0103
265100
1390648
141
1394585
270
-50
70
RCDBS22-0104
265216
1390601
162
1394640
270
-55
170
RCDBS22-0117
265029
1390599
151
1390600
90
-60
132
RCDBS22-0118
265192
1390700
164
1390700
270
-65
175
RCDBS22-0119
265200
1390650
158
1390650
270
-50
130
RCDBS22-0120
264978
1390548
157
1390550
90
-50
170
RCDBS22-0121
265200
1390549
160
1390550
270
-50
170
RCDBS22-0122
265039
1390702
153
1390700
90
-60
170
RCDBS22-0123
265080
1390751
143
1390750
90
-50
110
RCDBS22-0124
265275
1390800
160
1390800
270
-50
155
RCDBS22-0125
265050
1390798
152
1390800
90
-50
170
RCDBS22-0126
265219
1390749
162
1390750
270
-50
170
RCDBS22-0127
265199
1390500
165
1390500
270
-50
170
RCDBS22-0128
264990
1390513
168
1390515
90
-50
170
Qualified Person (QP) and NI 43-101 Disclosure
Greg Isenor, P. Geo., Director 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.
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/147051