Welcome to our dedicated page for ROSCAN GOLD news (Ticker: RCGCF), a resource for investors and traders seeking the latest updates and insights on ROSCAN GOLD stock.
Roscan Gold Corporation (RCGCF) is a Canadian gold exploration company focusing on acquiring and exploring gold properties in West Africa. With a significant land position owning 100%-owned permits in an area with producing gold mines and major gold deposits, Roscan aims to expand its footprint and resources in the region. Recent achievements include the identification of a new high-grade zone of gold mineralization at Mankouke West, highlighting the company's systematic regional exploration activities. The new discovery has the potential for significant extensions and resource growth, demonstrating Roscan's commitment to value creation and expansion in the gold mining industry.
The company's core business revolves around gold exploration, with an emphasis on securing and developing promising gold properties. Roscan aims to leverage its expertise and strategic land positions to unlock the full potential of its mining assets and contribute to the gold mining sector's growth. Through partnerships, experienced leadership, and a focus on exploration and resource expansion, Roscan continues to position itself as a key player in the West African gold mining market.
Roscan Gold Corporation announced a non-brokered private placement financing of up to $2,000,000 through the issuance of 10,000,000 common shares at $0.20 per share, a 19% premium to its 30-day VWAP. The funds will support exploration and development of the Kandiolé Project and general corporate purposes. The closing is subject to regulatory approvals, including from the TSXV. CEO Nana Sangmuah emphasized the importance of this financing for resource growth and de-risking the final mining permit, which could trigger a $5.0 million investment from Osisko Gold Royalties.
Roscan Gold Corporation (OTCQB: RCGCF) announced on March 9, 2023, that it received the Environmental Permit from Mali's Ministry of Environment for its 100% owned Kandiole Gold Project. This permit is a significant milestone that progresses the project towards obtaining a final mining license. The permit followed a recent meeting of the Environmental Monitoring Committee and the validation of the Environmental and Social Impact Report on February 16, 2023. CEO Nana Sangmuah highlighted the importance of this milestone in establishing a shovel-ready project and noted Mali's favorable permitting environment.
Roscan Gold Corporation (TSXV:ROS)(FSE:2OJ)(OTCQB:RCGCF) announced the departure of Chief Financial Officer Bruce Ramsden, effective March 15, 2023, after his notification on December 3, 2022. The company has appointed Jun (Danny) Cao as the new CFO. Mr. Cao has over 15 years in mining finance, having held key roles at Barrick Gold, Agnico Eagle Mines, and IAMGold, and served as a Consulting Manager at PwC's Mining Center of Excellence. CEO Nana Sangmuah expressed gratitude for Ramsden's contributions while welcoming Cao's expertise to enhance the company's performance.
Roscan Gold focuses on acquiring gold properties in West Africa, holding significant permits in West Mali.
Roscan Gold Corporation (OTCQB: RCGCF) announced positive drilling results from the Southern Mankouke Zone, totaling 6,153 meters across multiple drilling types. Key findings reveal significant mineralization, including 3.43 gpt gold over 23m and 1.1 gpt over 29m. These results confirm continuity between MS1 and MS3, enhancing the resource footprint at Kandiole, which currently holds about 30Mt in estimated resources. This indicates potential for a low-strip, high-margin operation, bolstering economic prospects.
Roscan Gold Corporation (OTCQB:RCGCF) announced promising results from its recent drilling at the Kabaya KB3 site, comprising 18 holes totaling 2,220 meters. The results indicate significant gold mineralization with notable intercepts, expanding the mineralization footprint to the east and south. Highlights include 1.49 gpt gold over 37m and 3.09 gpt gold over 12m. The mineralization remains open at depth and laterally, with potential for further discovery in the unexplored 850m gap between KB3 and the existing resources.
Roscan Gold Corporation has entered into a royalty financing agreement with Osisko Gold Royalties regarding its Kandiolé Project in Mali. Osisko will acquire a 1.0% net smelter return (NSR) royalty for $5 million, with an option to purchase an additional 1.0% NSR for another $5 million. This strategic partnership aims to enhance Roscan's project development and resource growth. The deal also grants Osisko a right of first refusal on future royalties related to the Property. CEO Nana Sangmuah expressed optimism about the collaboration.
FAQ
What is the current stock price of ROSCAN GOLD (RCGCF)?
What is the market cap of ROSCAN GOLD (RCGCF)?
What is Roscan Gold Corporation focused on?
What recent achievement has Roscan Gold Corporation announced?
What is the core business of Roscan Gold Corporation?
How does Roscan Gold Corporation aim to contribute to the gold mining industry?
What potential does the new high-grade zone of gold mineralization at Mankouke West hold?
