Roscan Gold Corporation (TSXV: ROS) (OTCQB: RCGCF)has obtained positive results from an additional two Air Core (AC) and 14 Reverse Circulation (RC) and Diamond Drilling (DD) holes totalling 2,456 m at its Southern Mankouke Zone (MS3 targets) in Mali.
The company says MS3 shows potential of a high-grade extension to the East and South, open at depth and to the North and South.
“We have also begun to receive assay results from the 9,000m RC and 2,500m DD drill campaign on the Mankouke South (MS1) and Kandiole resources targets, which was concluded the end of December 2021 with those results pending assays,” Nana Sangmuah, President and CEO, said.
“These results are in addition to the outstanding pre-rainy season results, which have identified new anomalous targets coincident with our completed interpretation of the Versatile Time-domain Electromagnetic System (VTEM) geophysical survey. Such interpretation points to the expansion of our previously known regional footprint and potential for significant resource growth beyond the current footprint of existing discoveries.”
Drilling Highlights:
Mankouke Discovery Zone (MS3)
- 16.01 gpt gold over 8m from drill hole DDMAN21-118 from 54m
- Including 26.66 gpt gold over 4m from 54m
- 11.88 gpt gold over 6 m from drill hole RCMan21-0058 from 19m
- Including 48.27 gpt gold over 1m, from 20m
- 8.89 gpt gold over 4m from drill hole RCDDMan21-123 from 175.5m
- 3.29 gpt gold over 10m from drill hole RCMan21-0056 from 18m
- Including 8.01 gpt gold over 1m from 19m and 11.76 gpt gold over 1.0m from 24m
- 2.85 gpt gold over 8m from drill hole RCDDMan21-122 from 41m
- Including 4.5 gpt gold over 5m from 41m
- 7.61 gpt gold over 2m from 194.4m
“Our flagship discovery, Mankouke South, continues to deliver results that not only confirms continuity of known mineralised areas with consistency of grades and widths, but also adds new extensions of mineralisation as outlined by the results at MS3, which indicate a high-grade extension to the East, open at depth and to the North and South,” Mr Sangmuah said.
“We will follow up such extensions with additional drilling toward the South to explore the possibility that MS3 might be linked to main MS1.
“As we previously reported, Roscan is in discussions with strategic partners for additional investment of up to 19.9% of the Company to fast-track unlocking the value proposition on the broader land package and fund our 2022 drill campaign. These discussions continue to progress well.
“As a result of delays encountered at the assay lab, we are now anticipating our maiden resources to be delivered in the first half of 2022, which will encompass results of the pre-rainy season campaign in addition to the ongoing drilling campaign, for approximately 21,000 meters. This reinforces our confidence that the Kandiole project is on track to confirm a stand-alone project status.”
Mankouke Discovery Zone (MS3) – Potential High-Grade Extension to the East and South
At the MS3 Discovery Zone, RCDDMan21-118 with 16.01 gpt gold over 8.0m from 54m and RCDDMan21-122 and 123 with 2.85 gpt gold over 8m from 41m and 8.89 gpt gold over 4m from 175.5m indicate the potential for a high-grade mineralisation extension to the East and the South.
The gold mineralisation trend is now recognised over 250 m north to south and over 150 m vertical depth, ending in fresh rock. Additional follow-up drilling has been completed and results are pending.
With the continuity of the MS3 extension toward the South, some additional holes are necessary to explore the possibility to link MS1 and MS3.
For further information please visit: https://roscan.ca/
