Roscan Gold Intersects 7.62 gpt gold over 10 m and 1.75 gpt gold over 20 metres at Kandiole North and; 3.04 gpt gold over 12 m, including 12.22 gpt and 15.91 gpt over 1m at Disse
Roscan Gold Intersects 7.62 gpt gold over 10
m and 1.75 gpt gold over 20 metres at
Kandiole North and; 3.04 gpt gold over 12 m,
including 12.22 gpt and 15.91 gpt over 1m at
Disse
Toronto, Ontario--(Newsfile Corp. - June 27, 2022) -
Roscan Gold Corporation
(TSXV: ROS) (FSE:
2OJ) (OTCQB: RCGCF)
("Roscan" or the "Company")
is pleased to announce the positive drill
results at both Kandiole North ("KN1") and Disse. In Kandiole KN1, the continuity of the mineralized gold
envelope has been demonstrated and expended laterally with a number of holes intersecting gold
mineralization. In addition, high grade with visible gold ("VG") was encountered in the fresh rock (Figure
3 and Figure 4). The Reverse Circulation ("RC") and core holes ("DD") drilling programs have improved
and expanded the knowledge of the geometry of the gold-bearing zones.
At Kandiole KN1, the gold mineralization envelope has been extended 125 metres depth beyond the
current pit limit of 150 metres depth with more consistent gold intercepts from these additional holes.
The mineralization remains open to the North and South and to the East directions (Figure 3 and Figure
4).
At Disse, the high-grade gold extension continues to grow with high-grade intervals in the fresh rock
along several distinct mineralized lodes. From the results of the Western RC fence line, gold
mineralization has the potential to continue further toward the West.
It should be highlighted that neither Disse nor Kandiole North fresh rock gold mineralization are included
in the maiden resource estimation (
Roscan Press Release June 8
th
, 2022
).
Drilling Highlights:
Kandiole North DD and RC Holes
7.62 gpt gold over 10m
from drill hole
DDKan22-008
from 234.5m
Including
66.94 gpt
gold over 1m from 238.5m
1.03 gpt gold over 26m
from drill hole
DDKan22-009 from 316.5
Including
10.59 gpt
gold over 1m from 329.5m
1.75 gpt gold over 20m
from drill hole
RCKAN22-0039
from 108m
Including
25.21
gpt
gold over 1m from 119m
Disse RC Holes
3.04 gpt gold over 12m
from drill hole RCDBS22-0100 from 26m
Including
12.22 gpt
over 1m from 28m
Including
15.91 gpt
gold over 1m from 36m
And 3.83 gpt gold over 6m
from 90m
Including
19.12 gpt
gold over 1m from 92m
5.94 gpt gold over 4m
from drill hole
RCDBS22-0101
from 78m
Including
18.57 gpt
over 1m from 79m
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
outside the pit limits captured in the maiden resource. Mineralization continues extending in strike
length with the current drilling program potentially doubling the 675 m captured in the maiden
resource. The mineralization continues to be tested to a depth of 275 m, 125 m beyond the current pit
depth of 150 m and remains open for further expansion both along strike and at depth. Numerous
deeper 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.
2,050 meters of RC drilling to date at Disse has established a 150 meters strike length of continuous
mineralization in fresh rock to a depth of 140 meters and remains open. Disse is shaping to be one of
our most advanced targets not captured in the maiden resource or exploration target areas included
in the maiden resource update.
In Kandiole, we have completed 4,250 meters of drilling post the cut-off date drilling for the maiden
resource and 7,950 m on the other resource areas.
This drilling was mainly focused on areas within the exploration target which was outlined to have near
term potential to expand the maiden resource by between 8Mt at 1.0 g/t Au to 30Mt at 0.8 g/t Au.
Areas such as Disse were not even included in this exploration target and add further upside
potential."
Figure 1: Kandiole KN1 and Disse location over the regional Sysmin Airborne Magnetic survey
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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 KN1 Depicting the Depth Potential
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Figure 4: Cross Section C-D at Kandiole North KN1 Depicting the Depth Potential
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The KN1 drilling campaign continues to provide very good grades and increases the dimensions and
confidence of the mineralized envelope, which should be captured in the upcoming maiden resources.
Kandiole KN1
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.
The N020 main mineralized corridor in KN1 is steeply dipping and expanded 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 drilling zone. The broader
geochemical Arsenic and Antimony signatures indicate a strong potential to extend the KN1 gold
mineralization. The artisanal work intense suggests a mineralization lengthening toward the North and
the South of the main drilling area.
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.
The KN1 gold mineralization trend appears to be in the same regional structure as Moussala (MO1) gold
mineralization (Figures 1). There are still several other auriferous occurrences in the Kandiole North
permits to explore, all located in the major Siribaya-Mankouke-Seko regional structure.
Disse
Starting close to the surface, this steeply dipping mineralization at Disse has been identified over 200
meters of strike length (Figures 5, 6 and 7), on the Roscan permit in prolongation of the resources zone
from the neighbor's property. In the East, several mineralized lenses form a wider zone of 50 meters. At
the West, the fence's RC holes carry thin mineralization intercepts in the extension along the same strike
as the main mineralization and which could resume extending toward the West. In such a shear structure,
the mineralization can have a pinching and swelling feature. Additional drilling is planned and designed
to extend the strike length of this high-grade gold occurrence.
Figure 5: Disse, drill plan and mineralization envelope
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Figure 6: Cross Section A-B at Disse Depicting the Depth Potential
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Figure 7: Cross Section D-C at Disse Depicting the Depth Potential
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Geology
The gold mineralization at Disse is an extension of the mineralization reported by Oklo on the Eastern
boundary of our permit and lies a few kilometers from the Seko gold deposit but also not far from the
prospective NE-SW structural Siribaya-Mankouke-Seko corridor. An inspection of the RC chips show
that the gold mineralization at Disse occurs within the acid to intermediate intrusion crosscut by a
dolerite sill. The gold zone is associated with a hard brownish alteration zone with pyrite in the fresh rock
and limonite in the saprolite horizon. One or several straight brittle structures seem to be carrying the
gold mineralization. From the EM airborne geophysics, Roscan interprets the intrusive as a pluton
around which several other gold occurrences beyond Disse have been discovered such as Kabaya,
Moussala MOU1, and the Seko deposit (Oklo).
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 were 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.