Roscan Gold Continues to Expand and Upgrade the Kandiole North Discovery with a 2,000m Strike Length and 92m Depth that Remains Open. Intersects 4.13gpt over 10m and 5.43gpt over 7m.
Roscan Gold Corporation reported positive drill results from its Kandiole North project, indicating a significant expansion of gold mineralization. The mineralized zone has been extended down to 92m and along an 8km trend to Moussala and 6km to Kabaya. Key highlights include gold intercepts such as 6.67 gpt over 4m and 21.9 gpt over 1m. CEO Nana Sangmuah emphasized the potential for this resource to add value and mentioned ongoing drilling at multiple targets, including Mankouke South and Kabaya. The successful exploration reinforces the prospects for a multi-million oz mining camp at Kandiole.
- Expansion of gold mineralization at Kandiole North down to 92m depth.
- High-grade intercepts reported, including 6.67 gpt gold over 4m and 21.9 gpt gold over 1m.
- Positive CEO statement about the potential value addition from the Kandiole North resource.
- Ongoing drilling at key projects, enhancing growth potential.
- None.
TORONTO, ON / ACCESSWIRE / March 11, 2021 / Roscan Gold Corporation ("Roscan" or the "Company") (TSX-V: ROS)(FSE:2OJ)(OTC PINK:RCGCF) is pleased to announce the positive drill results at the Kandiole North discovery where the mineralized zone is expanding in size. (Figure 1 and Figure 2). We continue to increase depth extension and strike length at Kandiole North with high-grade intercepts and the mineralized zones remain open. We have extended gold mineralization down to 92m depth at Kandiole North (Figure 3 and Figure 4).
The Kandiole North (KN1) gold mineralization trend appears to extend for 8km to Moussala (MO1) (Figures 1 & 2) and Kandiole North (KN2) gold mineralization trend appears to extend for 6km to Kabaya (Figures 1 & 2). Drilling at Kabaya is ongoing with the aim to connect these targets and expand its current dimensions. Both Kabaya, Kandiole North and Moussala remains open along strike and depth.
The mineralized corridor trends N020 with steep easterly dips but within the corridor, there are E-W domains with steep north dipping quartz veins that carry the best gold grades (Figure 6). On the section (Figure 3), the mineralization appears to dip 45° NE but if these intersections correspond to E-W domains (Figure 7), then true widths are in the order of 20m and 10m for the two zones interpreted and dips are about 65°N.
Drilling Highlights:
KANDIOLE NORTH - DD AND RC Holes
- 6.67 gpt gold over 4m from drill hole RCKAN21-010 from 116m (End of hole)
- Including 21.9 gpt gold over 1m from 117m
- 5.43 gpt gold over 7m from drill hole RCKAN21-003 from 69m
- Including 21.9 gpt gold over 1m from 73m
- 4.13 gpt gold over 10m from drill hole RCKAN21-002 from 90m
- Including 25.8 gpt gold over 1m from 92m
- And 3.13 gpt gold over 7m from drill hole RCKAN21-002 from 50m
- Including 12.0 gpt gold over 1m from 52 m
- 2.60 gpt gold over 9m from drill hole RCKAN21-011 from 27m
- And 1.91 gpt gold over 11m from drill hole RCKAN21-011 from 65m
- Including 10.0 gpt gold over 1m from 72m
KANDIOLE NORTH (KN1) AC
- 9.30 gpt gold over 4m from drill hole ACKAN20-1223 from 14m
- Including 18.0 gpt gold over 2m from 16m
- 4.28 gpt gold over 6m from drill hole ACKAN20-1233 from 8m
- 3.37 gpt gold over 8m from drill hole ACKAN20-842 from 30m
- Including 15.7 gpt gold over 1m from 31m
KANDIOLE NORTH (KN4) - AC Holes
- 4.91 gpt gold over 4m from drill hole ACKAN20-1380 from 10m (End of hole)
KANDIOLE NORTH (Regional)
- 9.79 gpt gold over 2m from drill hole ACKAN20-1105 from 10m
Notes: 1: True width yet to be determined, 2: Table 1 - Assay Highlights, 3: 0.5gpt used as cut-off with 2m internal dilution, 4: No top-cut.
Nana Sangmuah, president and CEO, stated, "Kandiole North has been returning some great results and shaping up to be a key deposit for resource definition with 2km strike length and 92m depth and remains open for further expansion along strike and at depth. Numerous holes ended in mineralization clearly showing the potential at depth. We are confident that this resource will play a crucial role in adding significant value to our company building on top of our flagship discoveries of Mankouke South and Kabaya.
The continued drilling success on our numerous regional targets is proving the potential to add ounces from multiple targets on our large land package. We are also seeing encouraging results from our other regional discoveries made in late 2020 including Walia and Moussala North and we look forward to providing updates on those in the near future as more assays become available.
The potential for numerous mineralized corridors on the property over long strike lengths is being further validated by our recent regional exploration success and step-out drilling outside of Mankouke South with hole 89 released earlier this week, we are looking forward to sharing the full results of our extensive geophysics survey in the coming weeks which will further show the clear regional potential for a multi-million oz mining camp at Kandiole."
Figure 1: Plan View of the Regional Targets
Figure 2: Plan View of the Major Trends on our Regional Targets
Figure 2a: Plan View showing high grades at Kandiole North with Strike Length 2km
Figure 3: Cross Section at Kandiole North Depicting the Depth Potential
Figure 4: Cross Section at Kandiole North Depicting the Depth Potential
- At Kandiole North we continue to hit very good grades and increase the dimensions of the targets. Hole RCKAN21-002 when coupled with previously high-grade drill holes, shows the persistent nature of the resource and in fresh rock. Figures 3 and 4 clearly shows the mineralized zone remains open at depth.
Figure 5: Geophysics data showing the major structure on Kandiole Project
- We are continuing to drill our flagship projects namely Mankouke South and Kabaya, and drilling is also continuing on regional targets which are giving us some excellent results. - it is anticipated we will follow up on expanding and growing key targets.
Geology
The gold mineralization at Kandiole Project is located approximately 25km east of the Fekola mine (B2Gold Corp.). Gold mineralization in Kandiole Project occurs within hydrothermally altered and sheared metasediments of the Kofi formation which include greywacke, limestone and diamictite.
KANDIOLE KN1
Kandiole North has been upgraded from target status to a confirmed zone of mineralization where continuity both along strike and to depth exists. We will continue to drill to build on this mineralization from the initial round of drilling. KN1 alteration in the mineralized saprolite suggests a disseminated pyrite + quartz vein deposit (Figure 5).
Figure 6: Drill Core Photo at Kandiole North Showing High Grades (DDKAN20-001)
Figure 7: Small Scale Miners at Kandiole North
Drilling Contract and Analytical Protocol
The drilling contracts were awarded to Target Drilling SARL and Geodrill, who both employ multi-purpose (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 QA/QC 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 their analytical facilities in Bamako and in Abidjan, Ivory Coast with fire assay with atomic absorption finish and by gravimetric finish for grades above 10gpt Au.
Table 1: Drillhole Highlights of Kandiole North (March 11, 2021)
Hole ID | From (m) | To (m) | Interval (m) | gpt Au | Comment |
KANDIOLE NORTH DD AND RC - KN1 | Saprolite unless otherwise noted | ||||
DDKAN20-001 | 60.4 | 67.4 | 7 | 1.31 | |
74.4 | 75.4 | 1 | 6.84 | ||
78.4 | 79.4 | 1 | 0.97 | ||
84.4 | 86.4 | 2 | 5.49 | ||
including | 85.4 | 86.4 | 1 | 10.1 | |
89.4 | 91.4 | 2 | 2.81 | ||
94.4 | 95.4 | 1 | 0.51 | ||
104.4 | 105.4 | 1 | 0.63 | ||
DDKAN20-002 | 32.5 | 33.5 | 1 | 0.64 | |
54.5 | 59.5 | 5 | 1.21 | ||
66.5 | 67.5 | 1 | 1.24 | ||
70.5 | 71.5 | 1 | 0.90 | ||
74.5 | 77.5 | 3 | 1.33 | ||
80.5 | 81.5 | 1 | 0.50 | ||
109.5 | 110.5 | 1 | 0.52 | ||
127.5 | 128.5 | 1 | 0.55 | ||
DDKAN20-003 | NSR | ||||
DDKAN21-004 | 9.0 | 10.0 | 1 | 5.55 | |
19.0 | 20.0 | 1 | 1.28 | Assays pending from 22m | |
38.0 | 39.0 | 1 | 0.57 | ||
RCDDKAN21-05 | 188.4 | 189.4 | 1 | 0.88 | FRESH |
Assays pending starting 291m to EOH at 320m | |||||
RCKAN21-001 | 50.0 | 51.0 | 1 | 4.73 | |
73.0 | 74.0 | 1 | 1.64 | ||
RCKAN21-002 | 9.0 | 10.0 | 1 | 0.72 | |
50.0 | 57.0 | 7 | 3.13 | ||
including | 52.0 | 53.0 | 1 | 12.0 | |
82.0 | 83.0 | 1 | 1.09 | ||
86.0 | 87.0 | 1 | 0.72 | ||
90.0 | 100.0 | 10 | 4.13 | ||
including | 92.0 | 93.0 | 1 | 25.8 | |
RCKAN21-003 | 12.0 | 19.0 | 7 | 1.07 | |
34.0 | 35.0 | 1 | 0.77 | ||
36.0 | 37.0 | 1 | 0.54 | ||
50.0 | 52.0 | 2 | 3.89 | ||
59.0 | 62.0 | 3 | 1.22 | ||
69.0 | 76.0 | 7 | 5.43 | ||
including | 73.0 | 74.0 | 1 | 21.9 | |
81.0 | 82.0 | 1 | 0.60 | ||
119.0 | 120.0 | 1 | 1.40 | END OF THE HOLE | |
RCKAN21-004 | 2.0 | 30.0 | 28 | 0.74 | |
92.0 | 93.0 | 1 | 0.66 | ||
111.0 | 112.0 | 1 | 0.56 | ||
RCKAN21-005 | 119 | 120 | 1 | 1.26 | END OF THE HOLE |
RCKAN21-006 | 1.0 | 2.0 | 1 | 0.85 | LAT |
64.0 | 65.0 | 1 | 0.98 | ||
RCKAN21-007 | 38.0 | 39.0 | 1 | 0.57 | |
RCKAN21-008 | 98.0 | 100.0 | 2 | 1.37 | |
106.0 | 110.0 | 4 | 4.50 | ||
including | 106.0 | 107.0 | 1 | 16.0 | |
RCKAN21-010 | 44.0 | 45.0 | 1 | 0.57 | |
91.0 | 92.0 | 1 | 0.99 | ||
101.0 | 102.0 | 1 | 0.67 | ||
110.0 | 111.0 | 1 | 3.17 | ||
116.0 | 120.0 | 4 | 6.67 | END OF THE HOLE | |
including | 117.0 | 118.0 | 1 | 21.9 | |
RCKAN21-011 | 0.0 | 2.0 | 2 | 1.04 | |
12.0 | 14.0 | 2 | 0.62 | ||
27.0 | 36.0 | 9 | 2.60 | ||
45.0 | 47.0 | 2 | 0.97 | ||
53.0 | 56.0 | 3 | 0.61 | ||
65.0 | 76.0 | 11 | 1.91 | ||
including | 72.0 | 73.0 | 1 | 10.0 | |
87.0 | 93.0 | 6 | 1.95 | ||
104.0 | 105.0 | 1 | 0.55 | ||
111.0 | 114.0 | 3 | 1.93 | ||
RCKAN21-012 | 74.0 | 75.0 | 1 | 0.50 | |
76.0 | 77.0 | 1 | 0.60 | ||
RCKAN21-013 | 15.0 | 16.0 | 1 | 3.56 | |
68.0 | 69.0 | 1 | 0.70 | ||
93.0 | 94.0 | 1 | 2.18 | ||
105.0 | 106.0 | 1 | 1.10 | ||
108.0 | 109.0 | 1 | 0.59 | ||
RCKAN21-014 | 13.0 | 14.0 | 1 | 2.13 | |
117.0 | 118.0 | 2 | 1.05 | ||
KANDIOLE NORTH AC RESULTS - KN1 | |||||
ACKAN20-814 | 1.0 | 3.0 | 2 | 1.4 | LAT |
8.0 | 10.0 | 2 | 0.72 | LAT | |
29.0 | 30.0 | 1 | 0.81 | ||
33.0 | 39.0 | 6 | 1.83 | ||
ACKAN20-840 | 26.0 | 27.0 | 1 | 0.79 | |
ACKAN20-841 | 19.0 | 20.0 | 1 | 0.78 | |
47.0 | 48.0 | 1 | 0.82 | ||
ACKAN20-842 | 1.0 | 2.0 | 1 | 2.48 | LAT |
12.0 | 13.0 | 1 | 0.58 | ||
30.0 | 38.0 | 8 | 3.37 | ||
including | 31.0 | 32.0 | 1 | 15.7 | |
41.0 | 42.0 | 1 | 1.21 | ||
ACKAN20-843 | 11.0 | 15.0 | |||
FAQ
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