Significantly Extends Gold Mineralisation To 196m Depth
Roscan Gold Corporation (TSXV: ROS) has received positive diamond and RC drill results from 23 holes totalling 4,158m at its Kabaya Target in Mali with multiple holes intersecting high gold grades over wide intervals.
Drill hole DDDBS20-008 intersected 2.96 g/t over 30m starting from surface. Drill hole DDDBS20-009 intersected2.38 g/t gold over 20m from 46m,Drill hole DDDBS20-006 intersected 2.66 g/t over 17m from 166.2m and holeDDDBS20-14 ended in gold mineralisation at 247.2m depth.
Since acquiring Kabaya in June 2020, all 23 holes drilled intersected gold mineralisation which reflects a 100% drill success rate. 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. The company has now established mineralisation to a depth of 196m which remains open.
Exciting results from hole DDDBS20-014, which intersected 1.93 gpt gold over 7m from 233.2m and ended in gold mineralisation at 247.2m, has reinforced the need for even deeper drilling. The recent addition of our 6th rig, which has a maximum depth drilling capability of 1,400m, will greatly facilitate this deeper drilling (see news release 5th January 2021). The Kabaya deposit remains open at depth and along strike and has become another priority target for follow up drilling in 2021.
President and CEO, Nana Sangmuah, said Roscan believes that the Kabaya deposit is part of a significant structural corridor which spans from Oklo Resources discoveries of Seko and Disse, to the North East of our land package and then extends for 22km on our property, from Kabaya to our recent Kandiole North Discovery (KN2) and onto our recently acquired Mankouke West Land Package, which shows a strong magnetic signature similar to the other discoveries on this corridor.
Much of this 22km corridor has yet to be tested and thus, Roscan feels that the potential for new discoveries in this corridor is excellent and connecting these multiple targets via step out drilling will be a key priority in 2021.
“These are very exciting times for the company as we continue our success rate with additional positive results at Kabaya,” Mr Sangmuah said.
“These results demonstrate the potential of the magnetic structure in the corridor that extends for 22km from Kabaya to our newly acquired Mankouke West Target. This is one of five major trends of gold mineralisation on our property and we will continue to aggressively drill to build ounces on these targets in 2021.
“Since acquiring Kabaya in 2020, we have extended the average depth of mineralisation from 58m to a vertical depth of 196m.
“Importantly, hole DDDBS20-014 our deepest intercept to date, ended in gold mineralisation and remains open. This projected depth potential in gold mineralisation and fresh rock will be another high priority for the company.
“The drilling results, to date, have shown the potential to significantly increase the size of the gold occurrence at Kabaya.”