Roscan Gold Provides Update on Mali; No Impact to Exploration To-Date and Adds Fifth Drill Rig
Roscan Gold Provides Update on Mali; No
Impact to Exploration To-Date and Adds Fifth
Drill Rig
Toronto, Ontario--(Newsfile Corp. - August 19, 2020) -
Roscan Gold Corporation (TSXV: ROS) (FSE:
2OJ) (OTC Pink: RCGCF) ("Roscan" or the "Company") announces that the Company is closely
monitoring the political situation in Mali as it unfolds. Our top priority is the health and safety of our
employees, their families and the local communities near where we work in West Mali. Additionally, the
Company has added a fifth (5) drill rig to its exploration program.
The Exploration Program has not been affected and the Company continues drilling as normal. The fifth
rig will be allocated to test our exploration targets as we continue to unlock value from the entire property.
No operational days have been lost due to the political situation in the country and we are comfortably on
target to achieve our 45,000m drill program target for 2020.
Roscan will continue to closely monitor the situation and ensure the safety of our employees and their
families as this is our utmost priority at this time. Roscan has a positive relationship with the Government
of Mali and our Country Manager is in consultation with the local Mayor to ensure we are updated
regularly. It should be noted that the Mali Capital, Bamako, is over 600km from our exploration site.
Nana B. Sangmuah, President and CEO of Roscan said, "We cannot stress that our top priority is the
health and safety of our employees, their families and the local communities near where we work in West
Mali. Our aggressive exploration campaign through the rainy season continues with no disruptions to
date. We will continue to provide ongoing updates to all our stakeholders going forward."
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:
Andrew J. Ramcharan
Executive Vice President - Corporate Development
Tel: (902) 832-5555
Email:
Greg Isenor
Executive Vice-Chairman
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/62122