Roscan Gold Welcomes Partial Lifting of Mining Title Suspension in Mali
Roscan Gold Welcomes Partial Lifting of
Mining Title Suspension in Mali
Toronto, Ontario--(Newsfile Corp. - March 10, 2025) -
Roscan Gold Corporation (TSXV: ROS) (FSE:
2OJ) (OTCQB: RCGCF)
("Roscan" or the "Company")
welcomes the announcement by the
Government of Mali regarding the partial lifting of the suspension on processing applications related to
mining titles. This decision represents a significant milestone for the country's mining sector and a major
de-risking event for Roscan's Kandiole Gold Project.
The Malian Ministry of Mines has confirmed that, effective March 15, 2025, the Mining Administration will
resume processing applications for the renewal of research and exploitation permits, as well as
applications related to the transition from the research phase to exploitation. Additionally, requests for
the direct or indirect transfer of exploitation permits will also be considered. This follows extensive efforts
to streamline and enhance governance within Mali's mining sector.
Roscan Gold views this development as a pivotal step that supports the continued advancement of its
Kandiole Gold Project, where the Company has delineated an indicated Mineral Resource Estimate
("MRE") of 27.4 million tonnes at 1.2 g/t gold for 1.02 million ounces and an inferred MRE of 5.2 million
tonnes at 1.2 g/t gold for 0.20 million ounces. These estimates were reported using a cut-off grade of 0.3
g/t gold (oxide) and 0.42 g/t gold (fresh) at a gold price of $1,500 per ounce.
In addition to this resource base, Roscan has identified an exploration target
(1)
for potential MRE growth
estimated between 8Mt at 1.0 g/t Au and 30Mt at 0.8 g/t Au within the MRE areas, alongside extensive
positive exploration results outside the MRE areas.
Further details on Roscan's MRE and Exploration Target with their respective disclaimers, please refer
to press releases dated June 8, 2022 and titled
Roscan Announces Interim Resource of 1.02 Moz at 1.2
g/t Indicated, 0.20 Moz at 1.2g/t Inferred at its Kandiolé Project in Mali
and
Roscan Outlines Potential
Exploration Upside on Areas Within and Outside Current Resources
.
"
This announcement provides much-needed clarity and stability for the mining industry in Mali, and
we appreciate the government's commitment to strengthening the sector's governance,"
said Nana
Sangmuah, President and CEO of Roscan Gold
. "I have spent significant time in Mali in the last
several months meeting with senior government officials and this step forward represents a significant
de-risking of our Kandiole Project. This reinforces our confidence in the project's potential and the
positive upward trajectory of Mali's mining sector and the opportunities ahead for Roscan
."
Roscan Gold remains committed to working collaboratively with the Malian government and
stakeholders to advance its exploration and development activities while creating value for all
stakeholders.
Qualified Person
Pascal van Osta, P. Geo., Vice President of Exploration 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: (416) 900-1412
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 "significant", "substantial", "positive
trajectory", "exploration success", "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. "Exploration Target" as a range of
quantities and grades are conceptual in nature and there has not been sufficient exploration to define
a mineral resource. It is uncertain if future exploration will result in the target being delineated as a
mineral resource. 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.sedarplus.ca
. 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.
(1)
The disclosure of the aforementioned "Exploration Target" as a range of quantities and grades are conceptual in nature and there has not been
sufficient exploration to define a mineral resource. It is uncertain if future exploration will result in the target being delineated as a mineral resource.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/243889