Roscan Gold Discovers Major New Gold Mineralized Trend at Kandiole North, Including a 1,500m Gold Mineralized Strike Length
Roscan Gold Discovers Major New Gold
Mineralized Trend at Kandiole North, Including
a 1,500m Gold Mineralized Strike Length
Toronto, Ontario--(Newsfile Corp. - October 5, 2020) -
Roscan Gold Corporation
(TSXV: ROS)
(FSE: 2OJ) (OTC Pink: RCGCF)
("Roscan" or the "Company")
is pleased to announce that recent
exploration results have outlined a Newly Discovered Mineralized Trend (Figure 1), which contains the
Kandiole North Discovery (KN1) (Figure 2). This new Major Mineralized Trend lies parallel to the Major
Mankouke Trend. Kandiole North (KN1)(Figure 3), which is the first of potentially many gold bearing
mineralization zones within this new trend, extends for an estimated 1,500m to date, and returned high
grades very close to surface (Table 1).
The 1,500m mineralized zone at Kandiole North is open in all directions and Figure 3 shows the
potential to extend it another 2,000m with further drilling. There are 2 additional very exciting but early
stage high-grade zones to the South East (KN2) and South West (KN3) of Kandiole North (Figure 1). We
will be following up on these new finds and testing multiple targets along this new trend of mineralization
at Kandiole North. While very early stage, there is another potential mineralized trend which potentially
extends approximately 6km from the Kandiole SE Zone (KN2) to Kabaya Target (Figure 1 & Figure 2).
Key Major New Discovery Highlights:
Kandiole North Major Gold Mineralization Trend
Kandiole North Zone (KN1) of 1,500m and potential extension to 3,500m
KN 2 and KN 3 Zones with high grades
Kandiole North Parallel Trend (KN2 Zone to Kabaya) which is approximately 6km
Air Core Drilling Highlights - Kandiole North Zones:
53.6 gpt gold over 2m from drill hole ACKAN20-350 from 14m
24.0 gpt gold over 2m from drill hole ACKAN20-345 from 10m
8.76 gpt gold over 4m from drill hole ACKAN20-826 from 7m
Including 33.4gpt over 1m from 7m
And 1.96 gpt gold over 14m from 15m
Including 4.70gpt over 4m from 25m
7.48 gpt gold over 2m from drill hole ACKAN20-547 from 36m
4.56 gpt gold over 2m from drill hole ACKAN20-552 from 16m
3.02 gpt gold over 2m from drill hole ACKAN20-782 from 20m
2.51 gpt gold over 16m from drill hole ACKAN20-471 from 24m
2.03 gpt gold over 14m from drill hole ACKAN20-647 from 36m
Including 6.66 gpt gold over 2m from 40m
1.86 gpt gold over 12m from drill hole ACKAN20-646 from 36m
1.73 gpt gold over 6m from drill hole ACKAN20-644 from 40m
1.67 gpt gold over 4m from drill hole ACKAN20-741 from 46m
1.58 gpt gold over 10m from drill hole ACKAN20-603 from 34m
1.52 gpt gold over 14m from drill hole ACKAN20-787 from 34m
1.19 gpt gold over 8m from drill hole ACKAN20-499 from 34m
1.14 gpt gold over 4m from drill hole ACKAN20-637 from 24m
1.14 gpt gold over 6m from drill hole ACKAN20-788 from 6m
Notes: 1: True width yet to be determined, 2: Table 1 - Assay Highlights, 3: No top-cut 4: All holes are
270 degree Azimuth and -50 degree Inclination 5: 2m internal dilution.
Nana Sangmuah, President and CEO, stated
,
"We are excited by the very positive exploration results
received to date on this
newly outlined major trend
outside our main Mankouke South Discovery.
The identification of several mineralized structures on our Kandiole North tenement confirms the
significant potential of our land package. We are encouraged by the progress being made to turn our
priority targets into discoveries.
There are multiple targets within this large trend and confirming this initial 1,500m of mineralization is
a great start as we continue to follow up with RC and DD to establish the boundaries of the mineralized
structures. Additionally, the two very high-grade zones KN2 and KN3 of the Kandiole North
Mineralization Trend are very encouraging and our technical team on the ground is very excited about
the overall potential of the Kandiole North Permit."
At present we are diamond drilling at Mankouke South, as well as other target areas of the land
package, and will update the market with drill results in the near future. In October, we will be conducting
a high resolution Airborne Survey to confirm and further define Regional Structures.
To evaluate our high priority Regional Targets such as Kandiole North, we are adopting the same
procedures as our Mankouke South Discovery, using Air Core drilling to first test the termite anomalies.
When significant results are returned, such as seen at Southern Mankouke and now at Kandiole North,
additional follow up AC fence drilling will be done to define strike and grade consistency of
mineralization. RC and DD are subsequently initiated to determine depth potential.
These initial 499 AC holes allowed us to observe consistent high grades over a significant interval of
1,500m and the fact that several of the AC holes ended in mineralization bodes extremely well for follow
up RC and DD drilling, as well as additional step-out drilling to extend the trend beyond 1,500m and
potentially find more new mineralized structures in the surrounding area.
Figure 1: Plan View delineating the Newly Mineralization Regional Trend and Mankouke Trend
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_001full.jpg
Figure 2: Plan View Confirmed 1,500m Trend of Mineralization at Kandiole North
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_003full.jpg
Figure 3: Plan View of Kandiole North with High-Grade Intercepts
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_004full.jpg
Figure 4: Extent of small scale miners (artisanal) at Kandiole North (Pit and Adit Activities)
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_005full.jpg
Drill hole ACNan20-350 (KN 2) intersected one of the highest gram meters (53.6gpt over 2m) to
date at Kandiole North. This drill hole, when coupled with other high-grade drill holes, shows the
persistent high-grade potential of the Kandiole North permit.
Drill hole ACKan20-834 with 19m @ 1.23 gpt and 5m @ 2.54 gpt to ACKan20-787 with 14m @
1.52gpt lies within a potential mineralized zone of approximately
1,500m
. We will continue to drill
to clearly define the extents.
Drill hole ACKan20-834 with 19m @ 1.23 gpt and 5m @ 2.54 gpt to ACKan20-039 with 4m @
11.3gpt suggests a mineralized trend of approximately
3,500m
. These holes identify the potential
of the deposit to be extended and we will continue to drill to clearly define the extents.
Small scale artisanal mining activities signify the magnitude of this new Major Trend and extension.
The New Trend from Kandiole North SE Zone to Kabaya Target, while very early stage warrants
additional drilling to connect these two confirmed zones which is approximately 6km.
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.
Table 1: Drillhole Dataset at Kandiole North Zones - Newly Discovered Mineralization Trend
Hole ID
From (m)
To (m)
Interval (m)
gpt Au
Comment
ACKAN20-345
10
12
2
24.0
ACKAN20-350
14
16
2
53.6
ACKAN20-467
10
14
2
1.35
ACKAN20-470
32
34
2
2.10
ACKAN20-471
12
14
2
2.56
24
40
16
2.51
36
38
2
10.1
ACKAN20-499
34
42
8
1.19
ACKAN20-500
16
18
2
0.64
ACKAN20-501
26
28
2
1.40
46
48
2
1.75
ACKAN20-505
12
14
2
0.63
ACKAN20-507
6
8
2
1.76
ACKAN20-508
4
6
2
0.72
18
20
2
0.98
26
28
2
5.31
ACKAN20-517
30
32
2
0.64
ACKAN20-518
30
32
2
1.14
ACKAN20-519
16
18
2
0.63
ACKAN20-547
36
38
2
7.48
ACKAN20-552
16
18
2
4.56
22
24
2
0.52
ACKAN20-555
12
14
2
0.70
ACKAN20-582
46
48
2
0.76
ACKAN20-603
34
44
10
1.58
ACKAN20-604
16
18
2
1.01
ACKAN20-628
12
14
2
0.81
ACKAN20-637
24
28
4
1.14
36
42
6
0.73
48
50
2
1.57
EOH
ACKAN20-643
12
14
2
0.92
ACKAN20-644
24
26
2
0.81
40
46
6
1.73
ACKAN20-645
10
22
12
0.64
28
38
10
0.89
ACKAN20-646
2
4
2
0.56
12
16
4
0.99
22
24
2
2.46
36
48
12
1.86
ACKAN20-647
4
8
4
1.54
36
50
14
2.03
EOH
40
42
2
6.66
ACKAN20-704
34
36
2
0.70
ACKAN20-708
18
20
2
0.93
ACKAN20-725
40
44
2
0.83
ACKAN20-729
20
22
2
1.74
ACKAN20-734
44
46
2
1.08
ACKAN20-741
46
50
4
1.67
EOH
ACKAN20-771
18
19
1
0.87
ACKAN20-772
12
13
1
0.78
ACKAN20-775
9
10
1
0.68
ACKAN20-782
20
22
2
3.02
ACKAN20-787
24
26
2
0.71
34
48
14
1.52
ACKAN20-788
6
12
6
1.14
18
20
2
0.71
38
40
2
0.96
ACKAN20-790
12
14
2
1.10
ACKAN20-793
30
32
2
0.52
ACKAN20-794
2
4
2
0.58
28
30
2
0.56
38
40
2
0.69
ACKAN20-815
21
22
1
0.70
28
29
1
3.79
ACKAN20-820
3
4
1
0.76
29
30
1
0.85