Roscan Gold begins exploration drilling at Kandiole

Jan 20, 2020

2020-01-20 11:56 ET – News Release

Mr. Greg Isenor reports

ROSCAN GOLD EXTENDS SOUTHERN PROPERTY BOUNDARY AND COMMENCES 2020 DRILL PROGRAM

Roscan Gold Corp. has launched the 2020 exploration program at its 100-per-cent-owned Kandiole gold project in Mali, West Africa. Its drilling program was designed utilizing numerous geological exploration methods, which included the company’s continuing ground IP, previous drilling and termite sampling. The drilling program will follow up on the successful 2019 drilling campaign which identified a seven-kilometre mineralized trend on its Mankouke permit.

The phased exploration program is designed to focus on the company’s exploration targets with the goal of delineating a mineral resource in the near future. The phase 1, 2020 exploration program will include up to 10,000 metres of drilling and is expected to be largely directed at its Southern Discovery target and along strike extensions, with the goal to accelerate to two drill rigs to support its expanded regional exploration campaign. The 2020 exploration program will also continue surface work to advance a further seven current high-priority exploration targets across the property for future drilling.

The company awaits interpretation of ground IP survey at Mankouke South and Central to better define its targets at depth, which will be tested as part of the 2020 exploration drilling campaign. On receipt of the ground IP results, the company will re-evaluate its plans and potentially mobilize a second drill.

At this stage, the company has identified eight explorations targets:

Mankouke South;
Mankouke Central;
Mankouke Corridor;
Naraya;
Kandiole West;
Moussala North;
Kandiole North;
Niala.

Roscan has strategically expanded its land package by acquiring the property to the immediate south, which is a crucial additional 305-metre strike extension to its current drill program. Its highest-priority drilling will be in this area, whereby the company has shown very encouraging results to date.

Drilling has commenced on the ,project with the first phase incorporating one drill rig, targeting the Southern zone, as well as testing along its strike and downdip extensions to confirm the depth and continuity of the zone in Fresh Rock. Management intends to accelerate the drill campaign as priority targets become better defined and the company remains financed to support an extended drill campaign that should generate news flow.

The first phase of the 2020 drill program is expected to be completed in April, 2020, with results released during the course of the activities.

“Just over a year ago, our team began to test the southern extents of our geological model of the property area. Our drilling resulted in the discovery of the Southern target, the highest and widest mineralized zone on the project to date, which warrants follow-up drilling. We remain confident that the current drill campaign will rapidly progress our understanding of the scale and tenor of gold mineralization,” stated Nana Sangmuah, president and chief executive officer of Roscan Gold. “The current discovery of Southern target and other near-surface discoveries is testament to the strength of our technical team and the tremendous exploration upside evident at Roscan. With this new program, our exploration team is focused on expanding the Southern and Central zones at the Mankouke permit. We are very excited and look forward to a great year in 2020.”

Some highlighted results (July 22, 2019) from Southern target — drill target No. 1:

4.50 grams per tonne (g/t) gold over 16.0 metres from drill hole ACMan-19-167;
5.86 g/t gold over 26.0 metres from drill hole ACMan-19-167;
Three g/t gold over 10.4 metres from drill hole ACMan-19-168;
3.74 g/t gold over 30.0 metres from drill hole ACMan-19-168;
6.13 g/t gold over six metres from drill hole ACMan-19-166.

True widths cannot be determined with the information available.

Qualified person (QP) and National Instrument 43-101 disclosure

Greg Isenor, professional geoscientist, executive vice-chairman for the company, is the designated qualified person for this news release within the meaning of 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 Gold Corp.

Roscan 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.

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http://www.roscan.ca/