DAX ®9.525,77-0,47%TecDAX ®2.561,99-0,06%Dow Jones21.052,53-1,69%NASDAQ 1007.528,11-1,41%
finanztreff.de

PRESS RELEASE: Roscan Gold Announces Positive Drill Results, Including First Diamond Drill Hole Intersection of 3.18gpt over 88m

| Quelle: Dow Jones Newsw... | Lesedauer etwa 7 min. | Text vorlesen Stop Pause Fortsetzen


DGAP-News: Roscan Gold Corporation / Key word(s): Miscellaneous
Roscan Gold Announces Positive Drill Results, Including First Diamond Drill
Hole Intersection of 3.18gpt over 88m

2020-02-27 / 12:00
The issuer is solely responsible for the content of this announcement.

Toronto, Ontario(Newsfile Corp. - February 27, 2020) - Roscan Gold
Corporation (TSXV: ROS) (FSE:2OJ) ("Roscan" or the "Company") is pleased to
announce positive drill results for the first 50 holes totaling 2,773 metres
(m) of its Exploration Program (Mankouke South Target) at its 100% owned
Kandiole Gold Project ("*Project*") in west Mali, West Africa.

The drill program proves extension at depth with the recent 2 Diamond Drill
Holes (Figure 2) and wide intersections (Figure 2, Figure 3 and Figure 4) at
Mankouke South Target. Encouraged by these results, high grades (Table 1),
and strike extension (Figure 1), Roscan plans to triple its current drill
program to 30,000m and add a second drill.

*Highlights:*

· *3.18 gpt gold over 88.0m from drill hole DDMan-20-20 from 4.7m*;

· Including 17.10 gpt gold over 1.0m from 8.7m

· *Including 23.30 gpt gold over 3.0m from 27.7m*

· Including 12.40 gpt gold over 7.0m from 38.7m

· *4.18 gpt gold over 40.0m from drill hole DDMan-20-21 from 62.3m*;

· *Including 8.49 gpt gold over 11.0m from 66.3m*

· Including 5.54 gpt gold over 5.0m from 89.3m

· 8.68 gpt gold over 39.0m from drill hole ACMan-20-312 from 6.0m;

· *Including 19.10 gpt gold over 16.0m from 8.0m*

· *Including 62.90 gpt gold over 3.0m from 18.0m*

· *12.10 gpt gold over 20.0m from drill hole ACMan-20-314 from 22.0m*;

· *Including 70.80 gpt gold over 3.0m from 26.0m*

· 3.71 gpt gold over 48.0m from drill hole ACMan-20-288 from 2.0m;

· *Including 8.15 gpt gold over 10.0m from 30.0m*

· 2.41 gpt gold over 49.0m from drill hole ACMan-20-289 from surface; and

· *Including 15.10 gpt gold over 3.0m from 8.0m*

· 3.63 gpt gold over 15.0m from drill hole ACMan-20-290 from surface;

· *Including 34.60 gpt gold over 1.0m from 12.0m*

*Notes: 1: True width yet to be determined, 2: Table 1 - Assay Highlights, 3:
0.5gpt used as cut-off and 4: No top-cut*

*5. Holes have a dip of -50° and azimuth of 270° *

Nana Sangmuah, President and CEO, stated, "These drilling results showed the
consistency of mineralization along a major trend across our property and
highlight the depth, grade and width potential. To date, all 6 Sections over
500m drilled have intercepted high-grade mineralization - this high success
rate also indicates the potential for the expansion of the target. Roscan is
progressing with an updated aggressive drill program that plans to triple the
current drill program to 30,000m and add a second drill. Our 2020 exploration
program is off to a great start and we feel very encouraged by the initial
results which prompted our decision to add an additional drill to expand our
drill program."

[1]

*Figure 1:* Plan View delineating strike length and high grades at Mankouke
South
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_001full.jpg
[1]

[2]

*Figure 2:* Section 1 - Depicting Depth and Width Continuity, & AC Drilling
vs Diamond Drilling
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_002full.jpg
[2]

· Diamond Drilling (DD) confirmed both depth and width potential of
mineralization on previously drilled fence 1375850N

· 2019 AC Drillhole ACMAN19-167 returned an average grade of 4.55gpt over
the entire 50m hole and the twinned Diamond Drillhole, DDMan20-20, in 2020,
returned 4.46gpt over the first 50m. This gave us confidence in our AC
drilling to delineate our targets before deeper diamond drilling

[3]

*Figure 3:* Section 2 - Depicting Depth and Width Continuity, with high
grades
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_003full.jpg
[3]

[4]

*Figure 4: *Section 3 - Depicting Depth and Width Continuity, with high
grades at end of holes
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_004full.jpg
[4]

· Mankouke South remains open to the North with new high-grade drill
results

· Positive drilling results indicate potential for additional gold deposits
and mobilization of an additional drill will commence shortly

· We are currently conducting 3 dimensional modeling exercises of these
holes to confirm our Geological Model

Regional Exploration Program

· Other Kandiole Area ongoing exploration includes:

· Ground geophysical orientation surveys at Mankouke South and Mankouke
Central have been completed and we are waiting for the interpretation
before deep diamond drilling commences

· Bulldozer has cleared the Kandiole West Target for exploration works.
This zone is located approximately 8km East of Fekola Mine (B2Gold)

· Termite Mound Sampling is ongoing with 316 samples on a 100m x 50m grid
over the Mankouke South Extension and 200m x 50m grid over the Kandiole
North area

The gold mineralization at Mankouke South is associated with quartz veining
and/or disseminated and stringer pyrite hosted in brecciated and locally
sheared greywackes and mudstones underlain by interbedded limestones and
mudstones of the Kofi Formation about 25km east of the Fekola mine (B2Gold
Corp.). This mineralization is structurally aligned with the Siribaya
deposits to the South (IAMGOLD Corp.), Roscan's Mankouke Central prospect
along the 7km long Mankouke Corridor Target, and our neighbors to the North
(Oklo Resources Ltd.). Saprolitic alteration is approximately 100m deep based
on our geological interpretation at this time.

Drilling Contract and Analytical Protocol

The drilling contract was awarded to Target Drilling SARL who employ KL900-1
multi-purpose (AC/RC/DD) rig. Drill holes for which results are reported were
drilled from January 18 to February 11, 2020.

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

Some highlighted results (July 22, 2019) from Southern Mankouke Discovery are
shown below:

· 4.50 gpt gold over 16.0 metres from drill hole ACMan-19-167;

· 5.86 gpt gold over 26.0 metres from drill hole ACMan-19-167;

· 3.00 gpt gold over 10.0 metres from drill hole ACMan-19-168;

· 3.74 gpt gold over 30.0 metres from drill hole ACMan-19-168; and

· 6.13 gpt gold over 6.0 metres from drill hole ACMan-19-166.

*Hole ID* *Line *From* *To* *Interval *gpt *Comment*
#* (m)* Au*
DDMAN20-20 1375850 4.7 92.7 88 3.18
including 8.7 9.7 1 17.10
and 27.7 30.7 3 23.30
and 38.7 45.7 7 12.40

DDMAN20-21 1375850 62.3 102.3 40 4.18
including 66.3 77.3 11 8.49
and 89.3 94.3 5 5.54

ACMAN20-287 1375800 4.0 21.0 17 1.39
AND 41.0 50.0 9 1.31 Hole
ended in
mineraliz
ation

ACMAN20-288 1375800 2.0 50.0 48 3.71 Hole
ended in
mineraliz
ation
including 30.0 40.0 10 8.15

ACMAN20-289 1375800 0.0 49.0 49 2.41
including 8.0 11.0 3 15.10

ACMAN20-290 1375800 0.0 15.0 15 3.63
including 12.0 13.0 1 34.60
AND 37.0 50.0 13 1.56 Hole
ended in
mineraliz
ation

ACMAN20-291 1375800 6.0 11.0 5 1.98

ACMAN20-296 1375700 8.0 18.0 10 1.42
AND 23.0 44.0 21 1.10

ACMAN20-297 1375700 29.0 49.0 20 1.06

ACMAN20-298 1375700 0.0 36.0 36 2.09
including 28.0 35.0 7 4.82

ACMAN20-306 1375600 33.0 47.0 14 2.76
including 35.0 37.0 2 11.50

ACMAN20-309 1375900 41.0 47.0 6 1.34

ACMAN20-311 1375900 5.0 20.0 15 1.45
AND 28.0 47.0 19 1.24

ACMAN20-312 1375900 6.0 45.0 39 8.68
including 8.0 24.0 16 19.10
including 18.0 21.0 3 62.90

ACMAN20-313 1375900 0.0 17.0 17 1.74

ACMAN20-314 1375900 2.0 15.0 13 1.00
AND 22.0 42.0 20 12.10
including 26.0 29.0 3 70.80


(MORE TO FOLLOW) Dow Jones Newswires

February 27, 2020 06:00 ET ( 11:00 GMT)
Werbung

Das könnte Sie auch interessieren

Weitere Nachrichten

Quelle: Dow Jones Newswire Web
06:15 HINWEIS/Abkürzungen bei Dow Jones Newswires Deutschland
02:30 Impressum
04.04. Entwicklungsminister Müller fordert Corona-Weltkrisenstab
04.04. IRW-PRESS: Mota Ventures Corp. : Mota Ventures verzeichnet 20.000 Kunden im März und lanciert neue Immune Support"-Produktlinie
04.04. Lufthansa-CFO legt Amt nieder - Aufsichtsrat sucht Nachfolgelösung
04.04. Breite Ablehnung von Schäuble-Vorstoß zur Grundgesetzänderung
04.04. DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Finanzvorstand Ulrik Svensson legt aus gesundheitlichen Gründen sein Mandat nieder
04.04. DGAP-Adhoc: Deutsche Lufthansa AG: Chief Financial Officer Ulrik Svensson resigns for health reasons
04.04. DGAP-News: Sixth Wave Innovations Inc.: Sixth -2-
04.04. DGAP-News: Sixth Wave Innovations Inc.: Sixth Wave meldet Patent für schnellen Nachweis von Ausbrüchen neu auftretender viraler Erkrankungen wie COVID-19 an
Rubrik: Finanzmarkt
04:50 dpa-AFX KUNDEN-INFO: Impressum
04:50 dpa-AFX KUNDEN-INFO: Finanzanalysen in den dpa-AFX Diensten
04.04. Mutmaßliche Daimler-Erpressung: Haftbefehl gegen Hauptverdächtigen
04.04. VIRUS/Gouverneur: New York steuert in Corona-Krise auf Gipfelpunkt zu
04.04. VIRUS: Walmart führt Einbahnstraßen-Verkehr im Supermarkt ein
04.04. VIRUS/GESAMT-ROUNDUP: Beschränkungen werden weitgehend eingehalten
04.04. dpa-AFX-Überblick: UNTERNEHMEN - Die wichtigsten Meldungen vom Wochenende
04.04. dpa-AFX Überblick: KONJUNKTUR - Die wichtigsten Meldungen vom Wochenende
04.04. IRW-News: Mota Ventures Corp. : Mota Ventures verzeichnet 20.000 Kunden im März und lanciert neue Immune Support-Produktlinie
04.04. VIRUS: Verband fürchtet Klagen bei Corona-Ausbruch in Pflegeheimen

News-Suche

Suchbegriff:

Aktuelle Videos

HSBC Trading TV

Werbung

Trading-Tipp

Börsen & Märkte

US-Marktüberblick

zur Mediathek
Werbung

Werbung
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Wie, glauben Sie, wird der DAX am Ende dieser Woche - KW 15 - stehen?
Jetzt abstimmen!
Alle Umfragen ansehen