Adds New Licence On Northern Boundary Of Kandiole Project
Roscan Gold Corporation (TSXV: ROS) has strategically expanded its land package of the Kandiole Project in Mali, West Africa, by acquiring apermit to the immediate North-West of the Walia and Moussala major discoveries.
This new permit, called Segondo West is a crucial additional 42 sq. km to the Kandiole Project, for a total land package of 346.8 sq, km.
President and CEO, Nana Sangmuah, said the new addition makes Roscan one the largest land holders in the area.
“We are delighted to continue to increase our footprint in Mali, as we are getting a better understanding and knowledge of this world class under-explored region,” Mr Sangmuah said.
“This new acquisition is both strategic and critical, with its proximity to the Walia and Moussala Discoveries. We await the complete 3D interpretation and results of geophysics to complete our prioritisation of key targets that will create maximum value in 2021.
“The 3D target delineation and prioritisation exercise would refine our existing targets, define new targets and significantly enhance our already impressive discovery rate. We are looking forward, with optimism, to a promising 2021.
“Our vision is to become a major player in the area and continue to increase our footprint, while working collaboratively with the surrounding communities and Government in a sustainable manner. This key acquisition and recent discoveries are testaments to the strength of our technical team, and the tremendous exploration upside potential at Roscan.”
Mr Sangmuah said the company remains funded to support an extended drill campaign that will generate news flow in 2021.
“We await interpretation of the Geophysics Survey to better define our targets, which will be tested as part of the 2021 exploration drilling campaign. A target generation exercise is now in process incorporating all drilling, surface geochemistry and geology with the new, recently processed, geophysical data.
“Current drilling on the Kandiole Project targeting the Mankouke South Deposit and Kabaya Target is ongoing to test strike and down dip extensions to confirm the depth and continuity of mineralisation in Fresh Rock and we look forward to updating the market on the progress in the near future.”
