1500m Of Strike Intersected In West Africa
Roscan Gold Corporation (TSXV:ROS) has announced a “major” gold discovery at Walia Prospect from its ongoing regional exploration programme at the Kandiole Project in Mali, in West Africa.
This new Mineralised Trend extends for an estimated 1,500m to date, and returned high grades of 21.4gpt over 8m including 77.8gpt over 2m very close to surface.
President and CEO, Nana Sangmuah, said the discovery remains open in all directions.
Air Core Drilling Highlights include:
- 21.4 gpt au over 8m; Including 77.8 gpt gold over 2m from 30m
- 11.4 gpt au over 2m from 0m
- 7.96 gpt au over 2m from 2m
- 4.05 gpt au over 4m from 34m
- 3.59 gpt au over 4m from 30m
- 3.06 gpt au over 2m from 2m
- 2.78 gpt au over 2m from 6m
“This new discovery on our recently acquired ground validates our strategic thinking and highlights the positive potential of our entire land package,” Mr Sangmuah said.
“Follow up diamond and RC drilling will commence on this target to establish the depth and boundaries of the mineralization applying a similar strategy being undertaken at Kandiole North and Mankouke South targets.
“We are very encouraged by the progress being made to convert our high priority targets into discoveries. More exploration work is also rapidly progressing on our other key regional targets with the goal of making additional discoveries.
Continued success should highlight the multi-million ounce potential of our land package and emphasize the discovery phase of our equity life cycle typically associated with outsized equity returns. We expect that the District and Roscan Gold will become one of the major focuses of the gold sector in 2020/21.
“At present we are diamond drilling at Mankouke South, as well as other target areas of the land package, and will update the market with drill results in the near future. In October, we will be conducting a high-resolution Airborne Survey to confirm and further define Regional Structures.”
“These initial 446 AC holes allowed us to observe consistent high grades over a significant interval of 1,500m and the fact that several of the AC holes ended in mineralisation bodes extremely well for follow up RC and DD drilling, as well as additional step-out drilling to extend the trend beyond 1,500m and potentially find more new mineralised structures in the surrounding area.”