All 52 Holes Drilled Since Acquisition Intersect Gold Mineralisation
Roscan Gold Corporation (TSXV: ROS) has obtained further positive DD/RC/AC drill results from an additional 42 holes (29 DD and RC for 5,799m) totalling 6,500m at its Kabaya Target in West Mali.
President and CEO, Nana Sangmuah, said that all holes have hit gold mineralisation.
At the time of acquisition in July 2020, Kabaya’s NI43-101 resource was pit-constrained to a depth of 58m. Since the acquisition, all 52 holes DD/RC drilled by Roscan have intersected gold mineralisation showing the remarkable continuity and consistency of the deposit.
Mr Sangmuah pointed out that the company’s January 2021 drilling update (see News reported an increase of the depth potential of Kabaya (KB1) to 196.
Subsequent drilling has now confirmed the continuity of the mineralisation to a depth of 232m (KB1) over a strike length of 600m (KB1 and KB2) and it remains open. The recent drilling has dramatically increased the volume of the prospective deposit and has major positive implications for future resource growth. In addition, at the East Limb (KB2), the mineralisation has now been extended down to 150m in Fresh Rock from prior depth of 65m remains open at depth.
Multiple holes intersecte high gold grades such as Drill hole RCDBS21-016 which intersected 17.66 gpt over 3.0m. While several holes showcased the broad consistency of the mineralisation with intercepts such as 2.49 gpt gold over 19.0m from drill hole RCDBS21-022. 2.29 gpt gold over 19.0m from drill hole RCDBS21-016, 1.31 gpt gold over 21.0m from drill hole RCDBS21-024 and 1.21 gpt gold over 30.0m from drill hole RCDBS21-012. Grade continuity and mineralization consistency reinforces our expectation for a robust new resource estimate at Kabaya by year end.
In addition, shallow regional step-out drilling has also revealed two newly discovered areas of high perspectivity, KB3 with 3.65gpt over 4.0m & KB4 with 3.0 gpt over 16.0m, located respectively 1.0km North and 1.5km South from the current resource footprint.
Mr Sangmuah said it should be noted that KB4 lies on the magnetic trend that extends from Mankouke West into Kabaya over a 15km strike which has already yielding multiple high- grade intersections from earlier stage regional drilling such as our KN2 and MS2 discoveries announced over the last few months.
“Since the acquisition in July 2020, Drilling at Kabaya has proven quite valuable as we have dramatically increased the continuity of the mineralization at depth over a strike length of 600m and have identified the potential to tap into a deeper feeder system with both KB1 and KB2 open at depth,” Mr Sangmuah said.
“Kabaya has the potential to be a major contributor to our expected maiden resource update by the end of year. We have been very encouraged by our ability to more than triple the vertical extent of the deposit and show its robust continuity along strike. Newly discovered KB3 and KB4 zones could further expand the resource growth potential of Kabaya, and we will follow up with additional drilling in the weeks ahead.”
The Kayaba deposit has a pit-constrained mineral resource to a depth of 58m, which contains 105,000 ounces of Indicated Resource and 35,000 ounces of Inferred Resource.
Roscan has now established mineralisation to a depth of 232m at KB1 which remains open.