Acquires Strategic New Land Package In Senegal
Roscan Gold Corporation (TSXV: ROS) has strategically expanded its land package of the Kandiole Project, by acquiring the permit to the immediate West of the recently acquired Segondo West permit in Senegal.
President and CEO, Nana Sangmuah, said this new permit, called Bantanko East, adds a significant additional 55 sq. km to the Kandiole Project, increasing the total land package of 401.8 sq. km, making Roscan one the largest land holders in the area.
Mr Sangmuah highlighted the interpreted occurrence of a second order splay structure coming off the Senegal-Mali Shear Zone (SMSZ) and running north east through the Bantanko East permit. Splay structures off the SMSZ are important feature as the Yalea, Gara and Gounkotou deposits in the Loulo area and B2Gold Fekola Mine are located on second order structures coming off the SMSZ.
“This new acquisition is strategic as it apparently is linked to two prospective first order structures, the SMSZ and the SMKS. Second order splays from the main SMSZ have yielded several Tier 1 discoveries in the camp including B2Gold’s Fekola Mine Property, which is approximately 1.6km away from the newly acquired land,” Mr Sangmuah said.
“We are delighted to continue to increase our footprint in South Western Mali, a world class under-explored region.
“This key acquisition and recent discoveries point to the significant exploration upside potential available to shareholders. With over 400km2 of highly prospective land in a prolific gold camp, six distinct gold discoveries over the past 15 months and multiple new prospective targets yet to be tested we are building the scale required to achieve our longer-term goal of putting together a Tier 1 scale gold project at Kandiole. Our goal is to add value through the drill bit from strategic targeting and resource definition.
“Our vision is to become a major player in the area, 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, our strong local presence and the tremendous exploration upside potential at Roscan.”