Roscan drills 32 m of 5.39 g/t Au at Moussala North
2020-11-09 06:36 ET – News Release
Mr. Nana Sangmuah reports
ROSCAN GOLD MAKES NEW DISCOVERY AT MOUSSALA NORTH – INTERSECTS 5.39GPT OVER 32M FROM SURFACE INCLUDING 8.93GPT OVER 16M
Roscan Gold Corp. has identified high-grade gold at Moussala North, which is a new gold discovery and complements previous exploration success farther north in 2018 and 2019. Hole ACMOU20-206 returned high-grade gold from surface and intersected 5.39 grams per tonne over 32 metres including 8.93 g/t over 16 m.
This new discovery appears to be directly on an approximate eight-kilometre trend to the northeast from the recent Kandiole North discovery (KN1) and within the recently defined Kandiole trend. This new discovery, along with a series of positive drill results during 2018 and 2019, clearly warrants additional follow-up drilling in the Moussala North region.
Air core holes — drill highlights 2020:
- 5.39 g/t gold over 32 m from drill hole ACMOU20-206 from zero m:
- Including 8.93 g/t gold over 16 m from four m;
- 1.90 g/t gold over 10 m from drill hole ACMOU20-205 from 18 m (end of hole):
- Including 5.41 g/t gold over two m from 20 m.
Air core holes — drill highlights 2019 (news release July 22, 2019):
- 3.82 g/t gold over six m from drill hole ACMOU19-10 from 38 m:
- Including 8.46 g/t gold over two m from 42 m.
Air core holes — drill highlights 2018 (news release Jan. 24, 2019):
- 35.5 g/t gold over two m from drill hole ACMOU18-17 from two m;
- 4.89 g/t gold over eight m from drill hole ACMOU18-02 from 16 m:
- Including 16.6 g/t gold over two m from 22 m;
- Including 2.75 g/t gold over four m from 32 m;
- 1.62 g/t gold over six m from drill hole ACMOU18-01 from 24 m.
Nana Sangmuah, president and chief executive officer, stated: “We are very excited by the ongoing positive exploration results received to date on multiple targets outside our main Mankouke South discovery, which clearly identifies the significant potential of our entire land package.
“Our technical team on the ground is very excited about the Moussala North Discovery, which is returning some wide intercepts and high grades like we saw in the early days at Southern Mankouke. With Kandiole North, Walia and now Moussala North we are very encouraged by the progress being made to turn our priority regional targets into discoveries and will follow-up with additional drilling to establish the boundaries of each of these new discoveries. Three significant discoveries in less than two months signals the potential of the structural corridor(s) on our prolific land package and points to more news flow in the coming months.”
Exploration
The company has reviewed and reprocessed historical geophysical data covering its licence portfolio. This work has identified a new structural corridor that can be traced in a north-northeast direction for over 15 km and links the gold mineralization identified in Kandiole North (KN1 target) with the company’s new discovery intercept in Moussala North and the Seko deposits of Oklo.
At present, the company is 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.
To evaluate its high-priority regional targets, the company is adopting the same procedures as its 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 Moussala 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.
Drilling contract and analytical protocol
The drilling contracts were awarded to Target Drilling SARL and Geodrill, which both employ multipurpose (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 quality assurance/quality control 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 its analytical facilities in Bamako and in Abidjan, Ivory Coast, with fire assay with atomic absorption finish and by gravimetric finish for grades above 10 g/t Au.
DRILL HOLE DATA SET AT MOUSSALA NORTH
Hole ID From To Interval Au
(m) (m) (m) (g/t)
ACMOU20-158 36 42 6 0.52
ACMOU20-159 26 28 2 0.67
ACMOU20-178 14 16 2 1.66
ACMOU20-203 28 30 2 0.86
ACMOU20-205 18 28 10 1.90 EOH
20 22 2 5.41
ACMOU20-206 0 32 32 5.39
4 20 16 8.93
ACMOU20-207 0 4 4 0.84
16 18 2 1.73
26 28 2 1.12
ACMOU20-255 18 38 20 0.99 EOH
ACMOU20-226 0 2 2 0.64
8 12 4 1.55
ACMOU20-227 0 6 6 0.70
2019
ACMOU19-01 0 2 2 1.33
ACMOU19-03 12 16 4 0.81
38 40 2 0.54
ACMOU19-08 26 28 2 0.79
ACMOU19-10 6 8 2 0.52
38 44 6 3.82
42 44 2 8.46
ACMOU19-55 2 4 2 0.61
ACMOU19-61 0 2 2 1.96
2018
ACMOU18-01 2 4 2 0.50
14 20 6 0.70
24 30 6 1.62
ACMOU18-02 16 24 8 4.98
22 24 2 16.6
32 36 4 2.75
ACMOU18-17 2 4 2 35.5
Qualified person (QP) and National Instrument 43-101 disclosure
Greg Isenor, PGeo, executive vice-chairman for the company, is the designated qualified person for this news release within the meaning of National Instrument 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 Gold Corp.
Roscan Gold 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-per-cent-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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