Roscan Gold Reveals Interim Indicated Resource Of 1.02 Moz At Kandiolé
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Discussions
  • Company Profiles
  • Magazine
  • Webinars
  • Newsletter
  • About
    • About Us
    • Our Team
    • Contact Us
    • Events
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Discussions
  • Company Profiles
  • Magazine
  • Webinars
  • Newsletter
  • About
    • About Us
    • Our Team
    • Contact Us
    • Events
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

Roscan Gold Reveals Interim Indicated Resource Of 1.02 Moz At Kandiolé

byColin Sandell-Hay, Contributor - The Assay
3 weeks ago
Reading Time: 3 mins read
Roscan Gold Reveals Interim Indicated Resource Of 1.02 Moz At Kandiolé

Roscan Gold Corporation (TSXV: ROS) has unveiled its initial, pit-constrained, interim NI 43-101 compliant Mineral Resources for the Kandiole project in Mali.

The resources are reported at a gold price of only US$1,500 per oz, of 27.4 million tonnes grading 1.2 g/t Au totalling 1.02 million ounces of gold in the Indicated Category and 5.2 million tonnes grading 1.2 g/t Au totalling 198,000 ounces of gold in the Inferred category at its Kandiole project in Mali.

Roscan’s maiden pit constrained Mineral Resource includes gold mineralisation from six mineral deposits: Mankouke South, Mankouke Central, Kandiole1, Kandiole 2 and 4, Kabaya and Moussala. The discovery areas of Disse, Walia and Mankouke West were not included in the maiden resource due to lack of sufficient drilling to date but will be areas of upside for future exploration.

The cutoff date for data used in the resource estimate was March 25th 2022. Since March 25th, Roscan has continued its drilling campaign to infill and extend the saprolite resource area and to follow up on the deeper mineralisation at the Mankouke South and Kandiole targets. Drilling results have encountered plunging zones of mineralisation that remain open, which are currently being drilled and assayed.

Key Highlights:

  • Robust initial Mineral Resource reported at a 0.3 g/t Au (oxide) and 0.42 (fresh) cut-off grade and US$1500 per ounce gold price.
    • Indicated Mineral Resource of 27.4mt at 1.2 g/t Au (1.02 Moz), and
    • Inferred Mineral Resource of 5.2mt at 1.2 g/t Au (0.20 Moz).
  • Resource calculation sensitivity at a 0.5g/t Au cut-off and $1500 per ounce gold price.
    • Indicated Mineral Resource of 20.0mt at 1.5 g/t Au (923 Koz), and
    • Inferred Mineral Resource of 3.8mt at 1.4 g/t Au (0.18 Moz).
  • Preliminary pit shells at Mankouke South indicate a low strip-ratio resource that is mostly oxide, with a robust starter pit of between 5.3 million tonnes at 2.2 g/t (386,000 ounces at 0.75 g.t cut-off) and 4.5 million tonnes at 2.6 g/t (377,000 ounces at 1.0 g.t cut-off).
  • Resource model sensitivities at various gold prices highlight low strip ratios from pit shells ranging from 2.4:1 to 2:7:1 (see Table 2).
  • Mineral resource with 84% captured in the indicated category and minimal sensitivity to lower gold prices.
  • Further potential to improve resource estimates with LeachWELL assay process. Only 18% of current drilling has now been assayed by LeachWELL which thus far has shown substantial improvements with tested area’s lower-grades increasing between 10% and 40 %.
    • Roscan plans to expand the use of LeachWELL on its existing resource base and to use it extensively for all future drilling.
  • Further Exploration Upside.
    • Significant potential to increase the size of the MR with both the currently ongoing and future drilling programmes.
    • Identified mineralisation under continued exploration include the follow up on the oxide and sulphide mineralization at Mankouke South, Kabaya and Kandiole KN1 resource areas, including their satellites and extensions.

“This mineral resource suggests a stand-alone project status for the Kandiole Gold Project. The good metallurgical recoveries, high-grade starter pit, low strip ratios, and the high-quality resource with 84% included in the indicated resource category and 72% within saprolite, points to a potential high-margin LOM operation,” President and CEO, Nana Sangmuah, said.

“Importantly, this initial resource is just the beginning for the overall project potential, the mineral resource remains open to further growth with the pending results from our incremental drilling, which remains ongoing. In addition, there are three advanced targets and discoveries not yet captured to be included in subsequent updates, such as demonstrated by the drilling success at Walia, Disse and Kandiole North extension.

“Management intends to commence in short order environmental studies to facilitate the permitting and further de-risking project development. We are encouraged by the ultimate scale potential at the Kandiole Project which we believe has significant upside and clearly positions Roscan amongst the few junior resource companies that can transition from early exploration to a significant mining operation.”

For further information please visit: https://roscan.ca/

Tags: DevelopmentGoldMaliTSXV:ROSWest Africa
TweetShareSend
Previous Post

Foremost Lithium Commences Exploration At The Jean Lake

Next Post

Snowline Gold Kicks-Off 8,000M Yukon Drill Campaign

Related Posts

Nova Minerals Confirms Continuous Mineralisation And Visible Gold At RPM North
News

Nova Minerals Confirms Continuous Mineralisation And Visible Gold At RPM North

byColin Sandell-Hay, Contributor - The Assay
28 June, 2022
Antilles Unveils 25% Increase In Resources for Cuban Project
News

Antilles Unveils 25% Increase In Resources for Cuban Project

byColin Sandell-Hay, Contributor - The Assay
28 June, 2022
Barton Gold Completes Latest Phases Of Tarcoola And Tunkillia Drilling
News

Barton Gold Adds To Exploration War Chest With Partial Camp Disposal

byColin Sandell-Hay, Contributor - The Assay
28 June, 2022
Vale Tudor Gold’s Walter Storm
News

Vale Tudor Gold’s Walter Storm

byColin Sandell-Hay, Contributor - The Assay
28 June, 2022
Steppe Gold Resumes Gold And Silver Production In Mongolia
News

Steppe Gold Announces Positive Second Quarter Operations Update

byColin Sandell-Hay, Contributor - The Assay
27 June, 2022
Westhaven Gold Completes Promising Initial MRE For Shovelnose
News

Westhaven Gold Has Further Drilling Success At Shovelnose

byColin Sandell-Hay, Contributor - The Assay
27 June, 2022
Next Post
Snowline Gold Kicks Off 8,000M Yukon Drill Campaign

Snowline Gold Kicks-Off 8,000M Yukon Drill Campaign

Upcoming events

06Sep

121 Mining Investment Online EMEA/Americas – 6-8 September

Online
05Oct

121 Mining Investment New York – 5-6 October

New York
06Oct

121 Mining & Energy Investment Singapore – 6-7 October

Singapore
No event found!
Load More
  • Potential Zinc Shortage Raising Global Concerns for Critical Mineral

    Potential Zinc Shortage Raising Global Concerns for Critical Mineral

    0 shares
    Share 0 Tweet 0
  • Silicon a Potential Clean Energy Game Changer

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • ESG Funds Supporting Mining’s Future

    0 shares
    Share 0 Tweet 0
  • Ready to Supply the World

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Part of Hyve Group Plc

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy

© 2022 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Discussions
  • Company Profiles
  • Magazine
  • Webinars
  • Newsletter
  • About
    • About Us
    • Our Team
    • Contact Us
    • Events
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy

© 2022 The Assay

Go to mobile version