Roscan Gold Corporation (TSXV: ROS) has obtained positive drilling results from an additional program consisting of 41 Reverse Circulation (RC), 14 Air Core (AC) and two Diamond Drilling (DD) holes totalling 6,153m at the Southern Mankouke Zone within its Kandiole Project in Mali.
The results confirm additional mineralization and the continuity of mineralization between the main mineral resources of MS1 and its satellite at MS3. In addition, significant mineralization near the surface and in the fresh rock at depth, allows for a southern pit shell extension with the capturing of these potential additional ounces.
Drilling Highlights:
Mankouke South
- 1.1 g/t gold over 29m from drill hole RCMan22-0094 from 8m; including 5.15g/t gold over 1m from 32 m and 1.55g/t gold over 31m from 103m; including 5.36g/t over 4m from 107m
- 1.07g/t gold over 29m from drill hole DDMan22-140 from 0m; including 3.8g/t gold over 3m from 0m
- 1.39g/t gold over 16m from drill hole DDMan22-139 from 80m and 1.64g/t gold over 10m from 328.5m
- 1.27g/t gold over 15m from drill hole RCMan22-0089 from 69m; Including 4.87g/t gold over 2m from 72m
- 1.23g/t gold over 9m from drill hole RCMan22-0091 from 10m and 1.94g/t gold over 4m from 115m; including 4.05 g/t over 1m from 118m
- 1.42g/t over 6m from drill hole RCMan22-0085 from 163m; Including 5.03g/t gold over 1m from 167m
- 1.02g/t gold over 8m from drill hole RCMan22-0090 from 155m
- 1.13g/t gold over 6m from drill hole RCMan22-0082 from 138m; including 4.41g/t gold over 1m from 142m and 1.82g/t gold over 6m from 160m; including 4.08g/t gold over 2m from 160m
Mankouke Central
- 3.43g/t gold over 23m from drill hole RCMan22-0107; Including 5.19 g/t gold over 13m from 7m
- 1.76g/t gold over 8m from drill hole RCMan22-0108 from 33m
- 1.4g/t gold over 10m from drill hole ACMan21-1253 from 0m
- 1.46g/t gold over 9m from drill hole RCMan22-0104 from 0m
- 1.11g/t gold over 10m from drill hole ACMan21-1255 from 22m
“These additional infill drill results and step out drill results point to further growth in our resource footprint declared in our maiden Mineral Resource Estimate (MRE),” President and CEO, Nana Sangmuah, said.
“We are encouraged by the continuity and high-grade mineralization at our flagship Mankouke South target, which should be the core for establishing an economic stand-alone project at Kandiole.
“The ~ 30Mt of the resource estimation established so far at Kandiole, indicates that this project is on track to be a potential low strip high-margin oxide operation with potential for significant sulphide feed at depth, which should bolster project economics”.
Mankouke South (MS1-MS3)
The last drilling campaign at Mankouke South confirmed a strike length of gold mineralization of 1.1km, with 150m in the thickest portion, and with 360m vertical depth. The gold mineralized body of Mankouke South represents 66% of the total resource estimates of the Kandiole project with an average gold grade of 1.6g/t at 0.5g/t cut-off within a pit of 315m for the deepest part and with an average strip ratio of 2.7:1.
These gold intercepts add to the upside potential of current mineral resources within applied US$1,500 pit shell design, as well as in the MS1-MS3 connection in the Southern part. The next drilling programme goal will be the development of these gold extensions to include them into the next resource estimation update.
The gold results, along with the felsic intrusive occurrence carrying the mineralization, support the thesis of continuity of the model at depth, bringing together MS1 and MS3 into one mineralized body, which remains open. The gold is also associated with a brittle structure, yielding a strongly altered brecciation visible, for example in the DDMan22-139.
The North-West fence exploration indicates a possible extension of gold mineralization in the NW direction at MS3.
The structural and airborne geophysics interpretations, in addition to the extrapolation of the Siribaya mineralized parallel zones (Zone A and B) in the southern permit, suggest a possible gold mineralization duplication in the unexplored zone at East of MS1. Several reconnaissance holes are planned.
Mankouke Central
The Mankouke Center gold mineralization, located four km North from Mankouke South, occurs as the thick gold enrichment at the surface (35m width) and a possible continuity of the mineralization root of this to the East.
At Mankouke Central the gold mineralization strike length reached 420m. The root is pinching around 90 m vertical depth. The mineralization could pinch, as in Mankouke South, in the base of the clastic sediment package, and resumes at depth, around the felsic intrusion, where the fractured to the brecciated zone is mineralized.
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