Roscan drills 62 m of 4.84 g/t Au at Mankouke South

May 5, 2020

2020-05-04 06:21 ET – News Release

Mr. Andrew Ramcharan reports

ROSCAN GOLD INCREASES VERTICAL DEPTH TO 155M, INTERSECTS 4.84GPT OVER 62M, AND 4.76GPT OVER 46M AT MANKOUKE SOUTH

Roscan Gold Corp. has released positive diamond drill results from an additional four holes totalling 771 metres at its Mankouke South target.

The drill program has extended the depth of the Southern Mankouke target from 80 metres in February, 2020, to 120 m in mid-April, 2020, and to 155 m currently. Additionally, drill hole DDMan-20-31 depicts the depth potential to the north. The high grades over large widths shown with these most recent drill holes have extended the depth of this target.

Highlights from Mankouke South target:

4.84 grams per tonne gold over 62.0 metres from drill hole DDMan-20-29 from 39.2 m:
- Including 12.7 g/t gold over 7.0 m from 55.2 m;
- Including 10.0 g/t gold over 13.0 m from 73.2 m;
2.61 g/t gold over 31.0 m from drill hole DDMan-20-29 from 110.2 m;
4.76 g/t gold over 46.0 m from drill hole DDMan-20-30 from 50.2 m:
- Including 18.6 g/t gold over 2.0 m from 61.2 m;
- Including 11.3 g/t gold over 10.0 m from 85.2 m;
2.71 g/t gold over 38.0 m from drill hole DDMan-20-31 from 127.2 m:
- Including 9.81 g/t gold over 5.0 m from 156.2 m;
2.18 g/t gold over 4.0 m from drill hole DDMan-20-31 from 181.2 m.

Nana Sangmuah, president and chief executive officer, stated: “We are very pleased with these wide, high-grade diamond drill holes results, which represent the highest gram-metre intersections to date. These results support a mineralization to an approximate 155 m depth, which remains open. The geological understanding at our project is clearly improved with this round of drilling. Based on the current data set it appears there is a northern plunge, which is similar to other major deposits in the surrounding area. We continue to drill deeper and along strike to the north to ascertain the limits of the mineralization.”

Mankouke South remains open at depth and along strike to the north; the Mankouke South target drilling program continues to test strike, depth and plunge extensions of the mineralized system; geological modelling exercises are currently in progress in order to understand and project this mineralized zone; exploration has not been impacted to date by COVID-19 virus to date.

The gold mineralization at Mankouke South is associated with quartz veining and/or disseminated and stringer pyrite hosted in brecciated, silicified and locally sheared greywackes and mudstones underlain by interbedded limestones and mudstones of the Kofi formation. Mankouke South is located approximately 25 kilometres east of the Fekola mine (B2Gold Corp.). This mineralized system is structurally aligned with the Mankouke South mineralization that occurs in the structural corridor that also hosts the Siribaya deposits to the south (Iamgold Corp.), Roscan’s Mankouke Central prospect along the seven km long Mankouke corridor target and the company’s neighbours to the north (Oklo Resources Ltd.).

Drilling contract and analytical protocol

The drilling contract was awarded to Target Drilling SARL, which employs a KL900-1 multipurpose (AC/RC/DD) rig at Mankouke South. The AC drilling contract was awarded to Geodrill and is currently drilling exploration targets.

All drill samples are sent for preparation to Bureau Veritas Mineral Laboratories in Bamako, Mali, and transported by Bureau Veritas to its analytical facility in Abidjan, Ivory Coast, for fire assay with atomic absorption finish and by gravimetric finish for grades above 10 g/t Au. Roscan applied industry-standard quality assurance/quality control procedures to the program. Certified reference materials, blanks and field duplicates are inserted at appropriate intervals.

              DRILL HOLE HIGHLIGHTS AT MANKOUKE SOUTH (MAY 4, 2020)

Hole ID                 From              To        Interval              Au
                         (m)             (m)             (m)           (g/t)

DDMAN20-28              41.2            42.2               1            0.54
DDMAN20-29               3.2             8.2               5            2.56
                        39.2           101.2              62            4.84
including               55.2            62.2               7            12.7
and                     73.2            86.2              13            10.0
                       110.2           141.2              31            2.61
DDMAN20-30              50.2            96.2              46            4.76
including               61.2            63.2               2            18.6
and                     70.2            74.2               4            8.10
and                     85.2            95.2              10            11.3
DDMAN20-31              88.2           114.2              26            1.87
                       127.2           165.2              38            2.71
including              156.2           161.2               5            9.81
                       181.2           185.2               4            2.18

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 well-financed 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-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.

http://www.roscan.ca/