Roscan Gold drills 30 m of 2.96 g/t Au at Kabaya
2021-01-19 06:21 ET – News Release
Mr. Nana Sangmuah reports
ROSCAN GOLD INTERSECTS 30M AT 2.96GPT, 20M AT 2.38GPT AND 17M AT 2.66GPT AT KABAYA AND SIGNIFICANTLY EXTENDS GOLD MINERALIZATION TO 196M DEPTH
Roscan Gold Corp. has released positive diamond and RC drill results from 23 holes totalling 4,158 metres at its Kabaya target with multiple holes intersecting high gold grades over wide intervals. Drill hole DDDBS20-008 intersected 2.96 grams per tonne over 30 metres starting from surface. Drill hole DDDBS20-009 intersected 2.38 g/t gold over 20 m from 46 m. Drill hole DDDBS20-006 intersected 2.66 g/t over 17 m from 166.2 m and hole DDDBS20-14 ended in gold mineralization at 247.2 m depth.
Kabaya — DD (diamond) plus RC (reverse circulation) drilling highlights:
- 10.6 g/t gold over three m from drill hole DDDBS20-003 from 84.6 m:
- Including 24.6 g/t gold over one m from 84.6 m;
- And 1.64 g/t gold over nine m from drill hole DDDBS20-003 from 57.8 m;
- 3.09 g/t gold over 9.3 m from drill hole DDDBS20-015 from zero m:
- Including 8.73 g/t gold over two m from 4.3 m;
- 2.96 g/t gold over 30 m from drill hole DDDBS20-008 from zero m:
- Including 11.7 g/t gold over two m from 26 m;
- And 1.54 g/t gold over 15 m from drill hole DDDBS20-008 from 34 m;
- 2.66 g/t gold over 17 m from drill hole DDDBS20-006 from 166.2 m:
- Including 7.45 g/t gold over two m from 171.2 m;
- And 1.07 g/t gold over 15 m from drill hole DDDBS20-006 from 143.2 m;
- 2.38 g/t gold over 20 m from drill hole DDDBS20-009 from 46 m:
- Including 11.9 g/t gold over one m from 64 m;
- 1.93 g/t gold over seven m from drill hole DDDBS20-014 from 233.2 m;
- 1.71 g/t gold over 13 m from drill hole DDDBS20-010 from zero m;
- 1.65 g/t gold over nine m from drill hole RCDBS20-06 from 74 m;
- 1.47 g/t gold over 21 m from drill hole RCDBS20-005 from 109 m:
- And 0.79 g/t gold over 16 m from drill hole RCDBS20-005 from 90 m;
- 1.28 g/t gold over 18 m from drill hole RCDBS20-002 from 141 m.
Since acquiring Kabaya in June, 2020, all 23 holes drilled intersected gold mineralization, which reflects a 100-per-cent drill success rate. The Kayaba deposit has a pit-constrained mineral resource to a depth of 58 m, which contains 105,000 ounces of indicated resource and 35,000 ounces of inferred resource. The company has now established mineralization to a depth of 196 m, which remains open.
Classification Tonnage Au Ounces
(mt) (g/t) (koz)
Indicated 3.17 1.03 105
Inferred 0.96 1.14 35
Pit constraint mineral resource:
- Effective date for resources is Jan. 7, 2019.
- The independent qualified person for this resources estimate is Yann Camus, Eng, SGS Canada Inc.
- The mineral resources are presented at a 0.4 g/t Au cut-off grade in pits.
- The resources are presented without dilution.
- Whittle pits have been utilized based on a gold value of $1,350 (U.S.)/ounce.
- Mineral resources that are not mineral reserves do not have demonstrated economic viability.
- No economic evaluation of the resources has been produced.
- This resource estimate has been prepared in accordance with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definitions (2014).
- Density used is 1.7 based on measurements and similar projects.
- Capping grade is of 30 g/t Au on original assays.
Based on the disclosure of National Instrument 43-101, Section 2.4:
- The source is Komet’s NI 43-101 that is effective Jan. 7, 2019.
- The company considers the reliably and relevance to be reasonable.
- The key assumptions are listed above.
- The categories are similar.
- There are no recent estimates.
Exciting results from hole DDDBS20-014, which intersected 1.93 g/t gold over seven m from 233.2 m and ended in gold mineralization at 247.2 m, has reinforced the need for even deeper drilling. The recent addition of the company’s sixth rig, which has a maximum depth drilling capability of 1,400 m, will greatly facilitate this deeper drilling (see news release dated Jan. 5, 2021). The Kabaya deposit remains open at depth and along strike and has become another priority target for follow-up drilling in 2021.
Roscan believes that the Kabaya deposit is part of a significant structural corridor which spans from Oklo Resources discoveries of Seko and Disse, to the northeast of the company’s land package and then extends for 22 kilometres on the company’s property, from Kabaya to the company’s recent Kandiole North discovery (KN2) and onto the company’s recently acquired Mankouke West land package, which shows a strong magnetic signature similar to the other discoveries on this corridor. Much of this 22 km corridor has yet to be tested and thus Roscan feels that the potential for new discoveries in this corridor is excellent and connecting these multiple targets via stepout drilling will be a key priority in 2021.
Nana Sangmuah, president and chief executive officer, stated: “These are very exciting times for the company as we continue our success rate with additional positive results at Kabaya. These results demonstrate the potential of the magnetic structure in the corridor that extends for 22 km from Kabaya to our newly acquired Mankouke West target. This is one of five major trends of gold mineralization on our property and we will continue to aggressively drill to build ounces on these targets in 2021.
“Since acquiring Kabaya in 2020, we have extended the average depth of mineralization from 58 m to a vertical depth of 196 metres. Importantly, hole DDDBS20-014 our deepest intercept to date, ended in gold mineralization and remains open. This projected depth potential in gold mineralization and fresh rock will be another high priority for the company. The drilling results, to date, have shown the potential to significantly increase the size of the gold occurrence at Kabaya.”
The gold mineralization at Kabaya is associated with albite-dolomite-pyrite alteration in greywackes and diamictites of the Kofi formation. The alteration observed in the core indicates a strong hydrothermal system commonly associated with gold deposits in this area.
Drilling contract and analytical protocol
The drilling was performed by Geodrill, which employs multipurpose (AC/RC/DD) rigs and AC rigs at the Kandiole project. The AC drilling is mainly focused on drilling exploration targets.
The diamond core and RC 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.
Roscan applied industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates are inserted at appropriate intervals.
DRILL HOLE HIGHLIGHTS AT KABAYA DEPOSIT (JAN. 18, 2021)
Hole ID From To Interval Au
(m) (m) (m) (g/t)
DDDBS20-001 5 8 3 0.84
88 89 1 0.75
193 194 1 1.97
DDDBS20-002 40 43 3 3.95
47 50 3 1.02
58 59 1 0.51
66 69 3 1.36
72 76 4 0.73
79 81 2 1.00
92 94 2 1.58
121 122 1 6.02
133 135 2 2.71
154 169 15 0.79
DDDBS20-003 0 0.8 0.8 1.25
57.8 66.8 9 1.64
70.8 72.8 2 0.90
76.6 78.6 2 0.78
84.6 87.6 3 10.6
including 84.6 85.6 1 24.6
91.6 92.6 1 0.53
96.6 98.6 2 1.96
104.6 108.6 4 0.78
123.6 124.6 1 0.59
RCDBS20-001 0 6 6 0.57
64 78 14 0.99
RCDBS20-002 127 129 2 3.20
133 138 5 1.57
141 159 18 1.28
RCDBS20-003 66 69 3 0.65
125 126 1 0.58
128 132 4 0.56
DDDBS20-004 118.3 119.3 1 0.55
141.3 142.3 1 0.62
146.3 147.3 1 0.57
DDDBS20-005 106.3 109.3 3 0.79
126.3 127.3 1 0.81
137.3 143.3 6 0.57
150.3 151.3 1 0.74
160.3 171.3 11 1.22
175.3 176.3 1 1.01
183.3 191.3 8 1.11
196.3 203.3 7 1.71
DDDBS20-006 53.2 56.2 3 1.02
59.2 60.2 1 0.67
116.2 118.2 2 1.22
122.2 124.2 2 0.80
143.2 158.2 15 1.07
162.2 163.2 1 2.28
166.2 183.2 17 2.66
including 171.2 173.2 2 7.45
199.2 200.2 1 0.76
DDDBS20-007 17 19 2 1.37
29 32 3 0.65
40 41 1 0.89
51 52 1 0.50
55 61 6 1.03
66 70 4 1.14
75 78 3 0.65
84 86 2 8.26
89.8 96.8 7 0.77
DDDBS20-008 0 30 30 2.96
including 26 28 2 11.7
34 49 15 1.54
58 62 4 0.72
66 67 1 1.26
93.8 95.8 2 2.20
118.8 119.8 1 0.74
DDDBS20-009 0 4 4 0.68
20 29 9 1.68
33 36 3 1.56
42 43 1 0.98
46 66 20 2.38
including 64 65 1 11.9
69.5 70.5 1 0.59
74.5 79.5 5 0.78
106.5 107.5 1 1.03
110.5 112.5 2 1.67
DDDBS20-010 0 13 13 1.71
18 21 3 2.16
24 25 1 0.90
38 39 1 0.64
DDDBS20-011 0 1 1 1.14
48 50 2 1.03
53 54 1 0.94
86 87 1 0.95
RCDBS20-004 41 42 1 3.83
60 63 3 1.01
78 79 1 2.89
RCDBS20-005 58 59 1 0.54
75 79 4 0.63
82 83 1 1.12
90 106 16 0.79
109 130 21 1.47
134 135 1 2.14
DDDBS20-012 139.4 140.9 1.5 0.52
157.1 158.1 1 0.52
181.1 182.1 1 1.10
205.1 206.3 1.2 0.92
DDDBS20-013 113.3 114.3 1 0.71
127.3 128.3 1 2.83
139.3 145.3 6 0.77
148.3 151.3 3 0.83
DDDBS20-014 151.2 152.2 1 0.51
160.2 170.2 10 1.19
173.2 174.2 1 0.60
180.2 185.2 5 0.87
188.2 195.2 7 0.69
207.2 211.2 4 0.63
215.2 222.2 7 0.84
225.2 229.2 4 0.68
233.2 240.2 7 1.93
245.2 247.2 2 0.70
DDDBS20-015 0 9.3 9.3 3.09
including 4.3 6.3 2 8.73
38.3 44.3 6 0.80
RCDBS20-06 38 39 1 0.63
42 44 2 1.29
47 54 7 0.85
57 58 1 0.72
67 71 4 1.00
74 83 9 1.65
RCDBS20-07 76 81 5 0.77
84 92 8 0.87
103 104 1 1.52
107 111 4 0.99
115 120 5 0.94
RCDBS20-08 100 101 1 1.72
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.
Related Posts
Tags
Share This
