Roscan Gold Intersects 2.04 gpt Gold over 25m, 3.85 gpt over 11m and 5.93 gpt Gold over 6m at Kandiole North Confirms gold mineralization envelope remaining open at depth, within the regional mineralized structure
Roscan Gold Intersects 2.04 gpt Gold over
25m, 3.85 gpt over 11m and 5.93 gpt Gold over
6m at Kandiole North
Confirms gold mineralization envelope remaining open at
depth, within the regional mineralized structure
Toronto, Ontario--(Newsfile Corp. - February 8, 2022) -
Roscan Gold Corporation
(TSXV: ROS)
(FSE: 2OJ) (OTCQB:RCGCF)
("Roscan" or the "Company")
is pleased to announce the positive
drill results at Kandiole North ("KN1"). The mineralized envelope is expanding in size (Figure 2) as the
Q4 drilling campaign demonstrated the gold mineralization extends both vertically and laterally. The
Reverse Circulation ("RC") drilling program has improved the continuity, consistency, and the knowledge
of the geometry of the gold bearing zones. The gold mineralization is now down to 275m depth, and it is
open toward North-South and East directions (Figure 3 and Figure 4).
The main mineralized corridor in KN1 trends is N020 with steep easterly dips over more than 1.5 km
punctuated with several artisanal work pits. There is a secondary perpendicular mineralized strike
steeply north dipping and forming the enlargements at North and South of the RC drilling zone. The
broader geochemical anomalies (Figure 1) indicate a strong potential to extend the KN1 gold
mineralization.
Drilling Highlights:
Kandiole North RC Holes
2.04 gpt gold over 25m
from drill hole
RCKan21-0032
from 100m
Including 11.28 gpt gold over 2m from 106m
2.92 gpt gold over 7m
from drill hole
RCKAN21-0018
from 17m
Including 8.78 gpt gold over 2m from 22m
3.85 gpt gold over 11m
from 28m
Including 24.89 gpt gold over 1m from 31m
1.74 gpt gold over 12m
from drill hole
RCKAN21-0026
from 98m
Including 10.9 gpt gold over 1m from 103m
1.24 gpt gold over 9m from 128m
Including 5.32 gpt gold over 1m from 129 m
2.57 gpt gold over 7m
from hole
RCKan21-0037
from 27m
Including 12.84 gpt gold over 1 m from 32m
1.3 gpt gold over 17m from 40m
Including 4.79 gpt gold over 1m from 41m
Including 4.27 gpt gold over 1m from 51m
1.27 gpt gold over 6m from 78m
Including 4.16 gpt gold over 1m from 83m
1.5 gpt gold over 11m
from drill hole
RCKAN21-0029
from 21m
Including 3.31 gpt over 1m from 29m
1.12 gpt over 10m
from drill hole
RCKan21-0038
from 28m
Including 4.69 gpt gold over 1m from 32m
2.21 gpt gold over 7m from 40m
Including 6.72 gpt golf over 1m from 40m
1.47 gpt gold over 9m from 62m
Including 5.49 gpt gold over 1m from 68m
1.32 gpt gold over 11m from 75m
Including 3.80 gpt golf over 1m from 82m
5.93 gpt gold over 6m from 92m
Including 15.54 gpt gold over 2m from 94m
1.42 gpt gold over 5m
from drill hole
RCKAN21-0020
from 23m
Including 5.52 gpt gold over 1m from 23m
1.97 gpt gold over 6m from drill m from hole from 88m
Including 6.75 gpt gold over 1m from 91m
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
, "Kandiole North has been returning some great
results and shaping up to be another key target to contribute ounces for our maiden resource
estimate. The detailed drilling in KN1 spanning a 675m strike length and 275 m depth remains open
for further expansion along strike and at depth. Numerous holes ended in mineralization clearly
showing the potential at depth.
There are multiple targets including KN2, KN3 and KN4 within broader arsenic geochemical
anomalies that require further follow up and have the potential to significantly expand the Kandiole
North footprint.
We are optimistic that these targets within 15 km from our flagship Mankouke South asset would
provide incremental feed towards a standalone hub and spoke production scenario at the Kandiole
project."
From the recent multielement analysis of the termite mount samples, arsenic-antimony-bismuth
pathfinders highlight the Kandiole corridor and its potential to expand KN1 gold mineralization along this
geochemical signature.
We note significant pathfinder arsenic anomalies that have been identified on the broader Kandiole land
package and the success achieved to date in confirming gold mineralization along such arsenic footprint
in the KN1 structure bodes well for future drilling on these yet to be tested targets. (please refer to Figure
1).
Figure 1: Arsenic from Termite geochemistry
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Figure 2: Plan View of the KN1 gold mineralization
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Figure 3: Cross Section A-B at Kandiole North Depicting the Depth Potential
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Figure 4: Cross Section C-D at Kandiole North Depicting the Depth Potential
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The KN1 drilling campaign continues to provide very good grades and increases the dimensions of the
mineralized envelope, which should be captured in the upcoming maiden resources.
The deep saprolite displays a narrow structural feature and interpreted as trans-tension NE-SW quartz
veins within a NE-SW shear corridor developing some perpendicular extension veining (enlargement
gold envelope). The host rock is clastic sediment from fine grain shale to coarser greywacke strongly
weathered and the quartz veining gold bearing system is associated with disseminated pyrite and
arsenopyrite.
There are other gold occurrences (KN2 and KN4) at the southeast of the permit which clearly require
additional follow up drilling on the Siribaya-Mankouke-Seko major structural corridor, which carries
several gold deposits.
As previously reported, these targets delivered some significant intercepts as
1.86 gpt gold over 12m,
2.03 gpt gold over 14m, 3.38 gpt gold over 12m, 1.58 gpt gold over 10m
from the regional
exploration Air core holes. See Figure 2a: Plan View showing high grades at Kandiole North with Strike
Length 2km.
https://roscan.ca/investors/news-releases/roscan-gold-continues-to-expand-and-upgrade-
the-kandiole-north-discovery-with-a-2-000m-strike-length-and-92m-depth-that-remains/
.
The KN1 gold mineralization trend appears to be in the same regional structure as Moussala (MO1) gold
mineralization (Figures 5). There are still several other auriferous occurrences in the Kandiole North
permits to develop, all located in the major Siribaya-Mankouke-Seko regional structure.
Figure 5: Plan View of the Major Trends on our Regional Targets
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Geology
The gold mineralization at Kandiole North is located approximately 20km east of the Fekola mine
(B2Gold Corp.), but also along a prospective NE-SW structural corridor parallel to the main corridor
Siribaya-Mankouke-Seko. Gold mineralization in Kandiole North occurs within the metasediments of the
Kofi formation.
Drilling and Analytical Protocol
Roscan uses Geodrill Reverse Circulation (RC) to drill until maximum 170m to reach the target.
The samples have sent for preparation to the ALS Laboratories in Bamako, Mali and assayed at their
analytical facilities to Ouagadougou for 1 kg Bottle Roll with atomic absorption finish including tail
analysis 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 Part 1: Drillhole Highlights of Kandiole North (Oct-Dec 2021)
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