ROSCAN GOLD CORPORATION
GOLDEN PROSPECTS
ROSCAN GOLD CORPORATION
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ROSCAN GOLD CORPORATION
ROSCAN GOLD CORPORATION, THE CANADIAN COMPANY FOCUSED ON EXPLORATION & ACQUISITION OF NEAR-TERM PRODUCTION GOLD ASSETS IN WEST AFRICA, IS READY TO PROVE ITS WORTH.
GOLDEN PROSPECTS PROJECT MANAGED BY: TIM GARWOOD
Roscan Gold Corporation is a Canada-based public company listed on the TSX Venture Exchange, engaged in the exploration & development of gold properties in West Africa
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oscan’s initial prospecting gold exploration project is the Kandiole Project located in West Mali next to B2Gold’s Fekola Mine. The company currently holds several option agreements to acquire a 100% interest in six contiguous gold prospective permits covering 288.8 square kilometres in the prolific gold prospective Birimian rocks of west Mali. “Roscan continues to strategically expand its drilling programme and to test its current key 10 targets in West Mali, the most productive greenstone gold belts on the continent,” says Mr. Nana Sangmuah, Roscan’s President and CEO. “We are actively working to make discoveries to increase the profile as an initial step to adding value and we will ultimately be thinking of how to leverage that, once gold deposits have been discovered.”
PROMISING DISCOVERIES
During the summer, the company made a major gold discovery at Kandiole North
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with over 1,500m strike length, and reported positive diamond drill results from an additional 10 holes totalling 1,855 metres at its Mankouke South drill hole. Drill hole DDMan-20-41 intersected a high-grade interval in fresh rock of 14 metres at 1.79 g/t gold. Initial drilling at the Kandiole prospect provided strong impetus for testing near-surface and deep mineralization over the next few months. Nana Sangmuah says: “These first high-grade gold results in fresh rock are very encouraging and point to a deeper feed source for the mineralization at Southern Mankouke. While it is still early days, this often is a trademark of larger deposits in a district.” In September, the company also reported positive preliminary test results for its Mankouke South Target, and, in early October, Roscan announced that recent exploration results have outlined a newly discovered mineralized trend, which contains the Kandiole North discovery.
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ROSCAN GOLD CORPORATION
This new major mineralized trend lies parallel to the Major Mankouke trend. Kandiole North, which is the first of potentially many gold-bearing mineralization zones within this new trend, extends for an estimated 1,500m to date, and has returned high grades very close to surface. “Our new discoveries at Kandiole and elsewhere have further enhanced our belief in a highly promising development. We have been very aggressive on the exploration front, drilling through the rainy season, and are slightly ahead of our peers who are just mobilising after the rains. We should see a very active period going forward and we hope to be able to show the results to the market in the coming weeks.”
Management and Field Staff Termite Mound Sampling.
SYNERGY OF STRENGTHS
Roscan is unique in many ways. The cash-rich junior exploration company boasts admirable real estate with ideal location between several mines, the best place to have for new resources, affirms Mr. Sangmuah. “There are about 8 mines within an 80 km radius of us which makes us able to leverage on infrastructure to leapfrog into production ourselves. And it gets more exciting as some of the assets around us may be seeing declining production profiles, meaning that we will become a very highly soughtafter business, potentially providing an avenue to an exit strategy.” The other factor which makes the company very competitive is its pool of management, consisting of international experts with many years of mining experience. This includes Sir Samuel Jonah who with his experience and expertise in company transformations and in the mining sector globally,
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especially in West Africa, is expected to be a tremendous asset to the company. But Roscan also has a solid team on the ground, says Mr. Sangmuah. “We have about 150 local workforce on site, supported by some 4 expats, bringing in necessary talent as needed. Skills are not something we lack. We are very lucky to have assembled a strong, robust team of Malian expertise. This is how a project should be developed in these jurisdictions, empowering stakeholders
to take part in the process. We put a strong emphasis on local talent and they have proven themselves very well.” Social responsibility is an integral part of the project, and as the company is extremely confident that the assets will eventually become mines, cooperation with the local communities will become even more important. Fruitful relationships built on respect and support are a key aspect of future development, and Roscan has demonstrated that it
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ROSCAN GOLD CORPORATION
is something the company takes very seriously. Mr. Sangmuah explains that the company has supported the local community from the beginning, with that support being especially appreciated during the Covid-19 pandemic. As a result of stringent protocols applied by both employees and contractors, the company itself has luckily had no virus encounters so far within the project.
EXPANSION AHEAD
Even the recent political upheavals in Mali have not affected the exploration programme – the company continues drilling as normal. “We have explained to our partners that what happened
was a peaceful transfer of power, and we continue to unlock value from the entire property. No operational days have been lost due to the political situation in the country and we are comfortably on target to achieve our 45,000 m drill programme target for 2020,” claims Mr. Sangmuah. Going forward, it is not only exploration but also expansion that is on Roscan’s agenda. The company recently acquired Komet Mali SARL and the adjoining Dabia South Project, and completed drilling of two targets with promising results. Mr. Sangmuah is confident that there are still many opportunities for expansion, and having the expertise of Sir Samual Jonah in the team,
the company is in an excellent position to make the most of them. “18 months from now should be the time when not only will we have made discoveries at some of our priority targets but we should also be able to put numbers around them to showcase the economic potential. I truly believe that we will be in a unique position.” “These days, the issue in our industry is production profiles and economic performance over the longer term. New resources will have to be searched for and we will be in a position to show some excellent potential on the ground. Most importantly, we also wouldn’t be shy of taking advantage of the developments to build a bigger company.”
Field Staff on site in Mali.
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