Roscan Gold Makes New High Grade Gold Discovery at the Disse Target with 7.29 gpt Gold over 6m, 15.09 gpt Gold over 2m and 12.36 gpt Gold over 2m
Roscan Gold Makes New High Grade Gold
Discovery at the Disse Target with 7.29 gpt
Gold over 6m, 15.09 gpt Gold over 2m and
12.36 gpt Gold over 2m
Toronto, Ontario--(Newsfile Corp. - February 23, 2022) -
Roscan Gold Corporation
(TSXV: ROS)
(FSE: 2OJ) (OTCQB: RCGCF)
("Roscan" or the "Company")
is pleased to announce positive drill
results from five Reverse Circulation ("RC") holes at Disse target, which appears to have discovered the
extension of the mineralization reported in the neighboring property.
This steeply dipping mineralization at Disse has been identified with 5 drill holes which outlines over 135
meters of strike on the Roscan permit and starting close to surface. Additional drilling is planned and
designed to extend the strike length of this high-grade gold occurrence.
Drilling Highlights - Disse RC Holes:
7.29 gpt gold over 6m
from drill hole
RCDBS21-0049
from 117m
15.09 gpt gold over 2m
from drill hole
RCDBS21-0051
from 96m
12.36 gpt gold over 2m
from drill hole
RCDBS21-0052
from 27m
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.
The first ever 5 RC holes drilled at Disse provide exciting high-grade intercepts that
clearly merits
additional follow up drilling.
If this additional drilling demonstrates further continuity and expansion of the
mineralization, it could be captured as additional ounces in the upcoming maiden resource.
An intense system of old artisanal mine pits in the field highlights the surface extent of the Disse
mineralization trend and indicates the potential to further extend the current strike length (figure 2). The
WNW-ESE direction of the mineralization is unusual in this zone but could have a longer extension
toward the WNW, further than dolerite sill (see figure 3), SE plunging, which hampers the gold
mineralization artisanal operation to the NW.
Nana Sangmuah, President and CEO, stated
"The Disse discovery is yet another grass roots
discovery for Roscan and highlights yet again the significant prospectivity of our large land package
of which a large majority remains untested. A follow up drill campaign is being planned to follow up on
the success of these initial discovery holes at Disse.
In addition to this new grass roots discovery at Disse, a recent target prioritization exercise has
uncovered multiple additional high priority anomalies which could lead to additional new discoveries
like Disse, and which would continue to build scale around our advanced and established focus areas
at Mankouke South, Kandiole and Kabaya.
With around 9,800 meters currently at the lab awaiting assay and an additional 3,000 meters of drilling
currently in process or to be drilled in the current program, we expect additional drilling news flow in
the weeks and months ahead as we build towards the release of our maiden resource by the end of Q2
2022.
Figure 1: Disse prospect location on the Airborne Mag survey gridding
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Figure 2: Plan View of the Disse prospect and gold mineralization
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Figure 3: Cross Section at Disse (Dabia South) 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. From the RC chips, 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. 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: Drillhole Highlights of Disse (Dabia South)
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Table 2: Drillhole ID of Disse (Dabia South)
To view an enhanced version of Table 2, please visit:
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Qualified Person (QP) and NI43-101 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.
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