Roscan drills two m of 53.6 g/t Au at Kandiole North
2020-10-05 07:04 ET – News Release
Mr. Andrew Ramcharan reports
ROSCAN GOLD DISCOVERS MAJOR NEW GOLD MINERALIZED TREND AT KANDIOLE NORTH, INCLUDING A 1,500M GOLD MINERALIZED STRIKE LENGTH
Roscan Gold Corp.’s recent exploration results have outlined a newly discovered mineralized trend, which contains the Kandiole North discovery (KN1). This new Major Mineralized Trend lies parallel to the Major Mankouke Trend. Kandiole North (KN1)(Figure 3), which is the first of potentially many gold bearing mineralization zones within this new trend, extends for an estimated 1,500m to date, and returned high grades very close to surface (Table 1).
The 1,500m mineralized zone at Kandiole North is open in all directions and Figure 3 shows the potential to extend it another 2,000m with further drilling. There are 2 additional very exciting but early stage high-grade zones to the South East (KN2) and South West (KN3) of Kandiole North (Figure 1). We will be following up on these new finds and testing multiple targets along this new trend of mineralization at Kandiole North. While very early stage, there is another potential mineralized trend which potentially extends approximately 6km from the Kandiole SE Zone (KN2) to Kabaya Target (Figure 1 & Figure 2).
Key Major New Discovery Highlights:
Kandiole North Major Gold Mineralization TrendKandiole North Zone (KN1) of 1,500m and potential extension to 3,500mKN 2 and KN 3 Zones with high gradesKandiole North Parallel Trend (KN2 Zone to Kabaya) which is approximately 6km
Air Core Drilling Highlights – Kandiole North Zones:
53.6 gpt gold over 2m from drill hole ACKAN20-350 from 14m24.0 gpt gold over 2m from drill hole ACKAN20-345 from 10m8.76 gpt gold over 4m from drill hole ACKAN20-826 from 7mIncluding 33.4gpt over 1m from 7mAnd 1.96 gpt gold over 14m from 15mIncluding 4.70gpt over 4m from 25m7.48 gpt gold over 2m from drill hole ACKAN20-547 from 36m4.56 gpt gold over 2m from drill hole ACKAN20-552 from 16m3.02 gpt gold over 2m from drill hole ACKAN20-782 from 20m2.51 gpt gold over 16m from drill hole ACKAN20-471 from 24m 2.03 gpt gold over 14m from drill hole ACKAN20-647 from 36m Including 6.66 gpt gold over 2m from 40m 1.86 gpt gold over 12m from drill hole ACKAN20-646 from 36m1.73 gpt gold over 6m from drill hole ACKAN20-644 from 40m 1.67 gpt gold over 4m from drill hole ACKAN20-741 from 46m 1.58 gpt gold over 10m from drill hole ACKAN20-603 from 34m1.52 gpt gold over 14m from drill hole ACKAN20-787 from 34m1.19 gpt gold over 8m from drill hole ACKAN20-499 from 34m1.14 gpt gold over 4m from drill hole ACKAN20-637 from 24m 1.14 gpt gold over 6m from drill hole ACKAN20-788 from 6m
Notes: 1: True width yet to be determined, 2: Table 1 – Assay Highlights, 3: No top-cut 4: All holes are 270 degree Azimuth and -50 degree Inclination 5: 2m internal dilution.
Nana Sangmuah, President and CEO, stated, “We are excited by the very positive exploration results received to date on this newly outlined major trend outside our main Mankouke South Discovery. The identification of several mineralized structures on our Kandiole North tenement confirms the significant potential of our land package. We are encouraged by the progress being made to turn our priority targets into discoveries.
There are multiple targets within this large trend and confirming this initial 1,500m of mineralization is a great start as we continue to follow up with RC and DD to establish the boundaries of the mineralized structures. Additionally, the two very high-grade zones KN2 and KN3 of the Kandiole North Mineralization Trend are very encouraging and our technical team on the ground is very excited about the overall potential of the Kandiole North Permit.”
At present we are diamond drilling at Mankouke South, as well as other target areas of the land package, and will update the market with drill results in the near future. In October, we will be conducting a high resolution Airborne Survey to confirm and further define Regional Structures.
To evaluate our high priority Regional Targets such as Kandiole North, we are adopting the same procedures as our Mankouke South Discovery, using Air Core drilling to first test the termite anomalies. When significant results are returned, such as seen at Southern Mankouke and now at Kandiole North, additional follow up AC fence drilling will be done to define strike and grade consistency of mineralization. RC and DD are subsequently initiated to determine depth potential.
These initial 499 AC holes allowed us to observe consistent high grades over a significant interval of 1,500m and the fact that several of the AC holes ended in mineralization bodes extremely well for follow up RC and DD drilling, as well as additional step-out drilling to extend the trend beyond 1,500m and potentially find more new mineralized structures in the surrounding area.Figure 1: Plan View delineating the Newly Mineralization Regional Trend and Mankouke TrendTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_001full.jpg Figure 2: Plan View Confirmed 1,500m Trend of Mineralization at Kandiole NorthTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_003full.jpgFigure 3: Plan View of Kandiole North with High-Grade InterceptsTo view an enhanced version of Figure 3, please visit:https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_004full.jpgFigure 4: Extent of small scale miners (artisanal) at Kandiole North (Pit and Adit Activities)To view an enhanced version of Figure 4, please visit:https://orders.newsfilecorp.com/files/4821/65112_9bdea30434ae29fd_005full.jpgDrill hole ACNan20-350 (KN 2) intersected one of the highest gram meters (53.6gpt over 2m) to date at Kandiole North. This drill hole, when coupled with other high-grade drill holes, shows the persistent high-grade potential of the Kandiole North permit. Drill hole ACKan20-834 with 19m @ 1.23 gpt and 5m @ 2.54 gpt to ACKan20-787 with 14m @ 1.52gpt lies within a potential mineralized zone of approximately 1,500m. We will continue to drill to clearly define the extents. Drill hole ACKan20-834 with 19m @ 1.23 gpt and 5m @ 2.54 gpt to ACKan20-039 with 4m @ 11.3gpt suggests a mineralized trend of approximately 3,500m. These holes identify the potential of the deposit to be extended and we will continue to drill to clearly define the extents. Small scale artisanal mining activities signify the magnitude of this new Major Trend and extension.The New Trend from Kandiole North SE Zone to Kabaya Target, while very early stage warrants additional drilling to connect these two confirmed zones which is approximately 6km.
Drilling Contract and Analytical Protocol
The drilling contracts were awarded to Target Drilling SARL and Geodrill who both employ multi-purpose (AC/RC/DD) rig and AC rigs at the Kandiole Project. The AC drilling is mainly focused on drilling exploration targets. Roscan applied industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates are inserted at appropriate intervals.
The samples are sent for preparation to Bureau Veritas Mineral Laboratories in Bamako, Mali and assayed at their analytical facilities in Bamako and in Abidjan, Ivory Coast with fire assay with atomic absorption finish and by gravimetric finish for grades above 10gpt Au.
Drillhole Dataset at Kandiole North Zones - Newly Discovered Mineralization Trend
Hole ID From (m)To (m)Interval (m)gpt AuComment
ACKAN20-345 10 12 2 24.0
ACKAN20-350 14 16 2 53.6
ACKAN20-467 10 14 2 1.35
ACKAN20-470 32 34 2 2.10
ACKAN20-471 12 14 2 2.56
24 40 16 2.51
36 38 2 10.1
ACKAN20-499 34 42 8 1.19
ACKAN20-500 16 18 2 0.64
ACKAN20-501 26 28 2 1.40
46 48 2 1.75
ACKAN20-505 12 14 2 0.63
ACKAN20-507 6 8 2 1.76
ACKAN20-508 4 6 2 0.72
18 20 2 0.98
26 28 2 5.31
ACKAN20-517 30 32 2 0.64
ACKAN20-518 30 32 2 1.14
ACKAN20-519 16 18 2 0.63
ACKAN20-547 36 38 2 7.48
ACKAN20-552 16 18 2 4.56
22 24 2 0.52
ACKAN20-555 12 14 2 0.70
ACKAN20-582 46 48 2 0.76
ACKAN20-603 34 44 10 1.58
ACKAN20-604 16 18 2 1.01
ACKAN20-628 12 14 2 0.81
ACKAN20-637 24 28 4 1.14
36 42 6 0.73
48 50 2 1.57 EOH
ACKAN20-643 12 14 2 0.92
ACKAN20-644 24 26 2 0.81
40 46 6 1.73
ACKAN20-645 10 22 12 0.64
28 38 10 0.89
ACKAN20-646 2 4 2 0.56
12 16 4 0.99
22 24 2 2.46
36 48 12 1.86
ACKAN20-647 4 8 4 1.54
36 50 14 2.03 EOH
40 42 2 6.66
ACKAN20-704 34 36 2 0.70
ACKAN20-708 18 20 2 0.93
ACKAN20-725 40 44 2 0.83
ACKAN20-729 20 22 2 1.74
ACKAN20-734 44 46 2 1.08
ACKAN20-741 46 50 4 1.67 EOH
ACKAN20-771 18 19 1 0.87
ACKAN20-772 12 13 1 0.78
ACKAN20-775 9 10 1 0.68
ACKAN20-782 20 22 2 3.02
ACKAN20-787 24 26 2 0.71
34 48 14 1.52
ACKAN20-788 6 12 6 1.14
18 20 2 0.71
38 40 2 0.96
ACKAN20-790 12 14 2 1.10
ACKAN20-793 30 32 2 0.52
ACKAN20-794 2 4 2 0.58
28 30 2 0.56
38 40 2 0.69
ACKAN20-815 21 22 1 0.70
28 29 1 3.79
ACKAN20-820 3 4 1 0.76
29 30 1 0.85
ACKAN20-825 6 7 1 0.76
19 20 1 0.78
ACKAN20-826 1 4 3 0.62
7 11 4 8.76
7 8 1 33.4
15 29 14 1.96
25 29 4 4.70
ACKAN20-829 34 35 1 0.61
37 38 1 0.74
41 46 5 0.74
ACKAN20-830 36 37 1 0.50
ACKAN20-831 19 20 1 0.69
ACKAN20-832 13 15 2 1.01
43 44 1 0.59
ACKAN20-833 12 14 2 1.17
27 28 1 2.01
43 45 2 5.92
43 44 1 10.5
ACKAN20-834 0 19 19 1.23
23 25 2 2.61
28 33 5 2.54
30 31 1 8.10
ACKAN20-835 0 1 1 1.82
5 11 6 1.19
Qualified Person (QP) and NI 43-101 Disclosure
Greg Isenor, P. Geo., Executive Vice-Chairman 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.
We seek Safe Harbor.
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