ROSCAN MAKES GOLD DISCOVERY AT ITS KANDIOLE PROJECT IN WESTERN MALI 8.47 g/t Au over 18 metres and 8.68 g/t Au over 14 metres
RosCan Gold Corporation News Release January 24, 2018
RosCan Gold Corporation
1550 Bedford Highway, Suite 800
Bedford, Nova Scotia B4A 1E6
NEWS RELEASE
ROSCAN MAKES GOLD DISCOVERY AT ITS KANDIOLE PROJECT IN WESTERN MALI
8.47 g/t Au over 18 metres and 8.68 g/t Au over 14 metres
Toronto, January 24, 2019 – RosCan Gold Corporation (“RosCan” or the “Company”) (TSX-V: ROS) is pleased to
announce the positive assay results from its initial Air Core drilling program at its Kandiole Project in Mali, West
Africa. This drilling program was completed during December 2018 and was designed to test strong termite and
soil gold anomalies (see September 21, 2018 press release) . Significant amounts of saprolite -hosted gold
mineralization was discovered in each of the two areas that were tested with the best results returned from the
Mankouke area (see location map and cross-section). A summary of significant results is presented in Table 1.
HIGHLIGHTS*
• 5.94 g/t gold over 14 metres (including 26.7 g/t gold over 2 metres)
• 8.68 g/t gold over 14 metres (including 41.5 g/t gold over 2 metres)
• 8.47 g/t gold over 18 metres (including 29.0 g/t gold over 4 metres)
• 4.98 g/t gold over 8 metres (including 16.6 g/t gold over 2 metres)
• 3.06 g/t gold over 8 metres (laterite-hosted)
• 2.71 g/t gold over 4 metres (laterite-hosted)
*True width could not be determined with the information available.
COMMENTARY
Greg Isenor, President and CEO of RosCan Gold stated that “this is an excellent new discovery with very good gold
grades. The mineralized zone is open to depth and appears, from a limited amount of drilling, to extend to the next
drill line located approximately 250 metres to the north, and hopefully beyond, along this large geochemical
anomaly. We are extremely pleased that our approach to exploration in this area has again been successful.
Additional drilling is part of an obvious next step. ” This program is just starting, and we are encouraged by the
indications that the apparent high-grade zone continues to depth.
DRILLING PROGRAM
The air core drilling was completed over five anomalies that were tested with seven lines of AC holes drilled across
the target areas generally in an east-west direction and drilled at -50 degrees to the west and to a depth of 45 to
60 metres in a heel to toe fashion. These anomalies were identified by a sampling program that had covered only
20% of the total land package . Significant gold mineralization was intersected in two areas, in first pass air core
holes, at Mankouke on drill lines 1 and 7 and at Moussala North on drill line 4 (see Figure 1 for general locations).
Air Core drilling is used to sample unconsolidated ground and compressed air is used to remove the cuttings from
the hole. During the Kandiole drilling program samples of 2 metres were collected. For each 2 metre intersection
a 2 kilo sample was collected and sent to the laboratory. A check sample of approximately 5 kilograms was
collected for possible future tests.
RosCan Gold Corporation News Release January 24, 2018
RosCan Gold Corporation
1550 Bedford Highway, Suite 800
Bedford, Nova Scotia B4A 1E6
PLANS
Further drilling will be carried out to test the extent of the mineralization at depth and along strike to the north
and south of the strongly mineralized zones. Additional gold-in-termite and termite anomalies zones remain to be
tested. The soil and termite sampling has identified anomalous trends that are consistent with the regional trends.
In addition, new termite mound sampling has been carried out over a significant part of the property that has not
been covered before; results are pending.
QUALIFIED PERSON AND SAMPLE PROTOCOL
The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a
Qualified Person as defined by NI 43-101. For quality control, duplicated samples were systematically collected in
the field, and blank samples were inserted in the sample batches sent to the laboratory. A total of 63 blank samples
and 62 duplicates were included in the sample batches sent to the lab. Before their transportation, the samples
were stored in a RosCan secured location in the field. Batches of samples were transported by truck, driven by
RosCan contractors, up to the sample preparation installations of Bureau Veritas laboratory at Bamako; prepared
samples were then shipped by Bureau Veritas to their treatment installations at Abidjan, Ivory Coast. During the
assay process, the laboratory applied its own quality controls with blanks, duplicates and standard samples. The
assay method was atomic absorption (AA) with pre -concentration by fire assay (FA); the detection limit of the
method is of 5 ppb.
ABOUT ROSCAN
RosCan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration 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:
Greg Isenor
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
Email: [email protected]
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 w ords, 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 r egulatory 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.
RosCan Gold Corporation News Release January 24, 2018
RosCan Gold Corporation
1550 Bedford Highway, Suite 800
Bedford, Nova Scotia B4A 1E6
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.
ROSCAN AC DRILLING PROGAM 2018 - SIGNIFICANT ASSAY RESULTS, S.F. 22/01/2019
Hole # Line # FROM
(m)
TO
(m)
INTERSECTION
(g/t Au)/m
ACMan-18-04 Line 1 8.0 12.0 0.62 g/t Au over 4.0 m
ACMan-18-05 Line 1 8.0 14.0 0.54 g/t Au over 6.0 m
ACMan-18-06 Line 1 0.0 2.0 0.63 g/t Au over 2.0 m
ACMan-18-08 Line 1 0.0 8.0 3.06 g/t Au over 8.0 m
ACMan-18-09 Line 1 6.0
12.0
8.0
16.0
1.53 g/t Au over 2.0 m
2.71 g/t Au over 4.0 m
ACMan-18-10 Line 1 8.0
14.0
10.0
16.0
0.78 g/t Au over 2.0 m
0.58 g/t Au over 2.0 m
ACMan-18-11 Line 1 10.0 12.0 0.76 g/t Au over 2.0 m
ACMan-18-12 Line 1 12.0
20.0
32.0
14.0
28.0
38.0
0.59 g/t Au over 2.0 m
0.58 g/t Au over 8.0 m
1.22 g/t Au over 6.0 m
ACMan-18-14 Line 2 12.0 14.0 0.59 g/t Au over 2.0 m
ACMan-18-16 Line 2 8.0 14.0 0.72 g/t Au over 6.0 m
ACMan-18-17 Line 2 4.0 10.0 0.59 g/t Au over 6.0 m
ACMan-18-18 Line 2 4.0 6.0 5.10 g/t Au over 2.0 m
ACMan-18-29 Line 3 10.0 12.0 0.55 g/t Au over 2.0 m
ACMan-18-31 Line 3 20.0 22.0 0.50 g/t Au over 2.0 m
ACMan-18-41 Line 3 4.0 6.0 0.94 g/t Au over 2.0 m
ACMan-18-54 Line 7 8.0 10.0 7.99 g/t Au over 2.0 m
ACMan-18-80 Line 7 0.0 2.0 0.63 g/t Au over 2.0 m
ACMan-18-81 Line 7 0.0
10.0
14.0
12.0
5.94 g/t Au over 14.0 m
Inc. 26.70 g/t Au over 2.0 m
ACMan-18-82 Line 7 10.0
16.0
30.0
24.0
18.0
32.0
8.68 g/t Au over 14.0 m
Inc. 41.50 g/t Au over 2.0 m
0.61 g/t Au over 2.0 m
ACMan-18-83 Line 7 0.0
26.0
36.0
2.0
44.0
40.0
0.81 g/t Au over 2.0 m
8.47 g/t Au over 18.0 m
Inc. 29.0 g/t Au over 4.0 m
ACMan-18-84 Line 7 0.0
30.0
42.0
44.0
14.0
32.0
45.0
45.0
0.82 g/t Au over 14.0 m
0.55 g/t Au over 2.0 m
8.17 g/t Au over 3.0 m
Inc. 20.8 g/t Au over 1.0 m
ACMan-18-85 Line 7 0.0 2.0 0.56 g/t Au over 2.0 m
ACMou-18-01 Line 4 2.0
14.0
24.0
4.0
20.0
30.0
0.50 g/t Au over 2.0 m
0.70 g/t Au over 6.0 m
1.62 g/t Au over 6.0 m
ACMou-18-02 Line 4 16.0
22.0
32.0
24.0
24.0
36.0
4.98 g/t Au over 8.0 m
Inc. 16.60 g/t Au over 2.0 m
2.75 g/t Au over 4.0 m
ACMou-18-17 Line 5 2.0 4.0 35.50 g/t Au over 2.0 m
Note 1: this table includes all the mineralized intersections with a grade > 0.50 g/t Au; these intersections are considered as
significant intersections.
RosCan Gold Corporation News Release January 24, 2018
RosCan Gold Corporation
1550 Bedford Highway, Suite 800
Bedford, Nova Scotia B4A 1E6
Note 2: intersections in bold refer to intersections with a grade > 0.50 g/t Au, and a length > 2.0.
Note 3: true width could not be determined with the information available.
RosCan Gold Corporation News Release January 24, 2018
RosCan Gold Corporation
1550 Bedford Highway, Suite 800
Bedford, Nova Scotia B4A 1E6