Kandiole North Discovery To Be Upgraded And Expanded
TORONTO - Roscan Gold Corporation reported positive drill results at the Kandiole North discovery where the mineralized zone is expanding in size. The Company continues to increase depth extension and strike length at Kandiole North with high-grade intercepts and the mineralized zones remain open. It has extended gold mineralization down to 92m depth at Kandiole North. The Kandiole North (KN1) gold mineralization trend appears to extend for 8km to Moussala (MO1) and Kandiole North (KN2) gold mineralization trend appears to extend for 6km to Kabaya. Drilling at Kabaya is ongoing with the aim to connect these targets and expand its current dimensions. Both Kabaya, Kandiole North and Moussala remains open along strike and depth.
The mineralized corridor trends N020 with steep easterly dips but within the corridor, there are E-W domains with steep north dipping quartz veins that carry the best gold grades. On the section the mineralization appears to dip 45° NE but if these intersections correspond to E-W domains, then true widths are in the order of 20m and 10m for the two zones interpreted and dips are about 65°N.
Nana Sangmuah, President and CEO, said, "Kandiole North has been returning some great results and shaping up to be a key deposit for resource definition with 2km strike length and 92m depth and remains open for further expansion along strike and at depth. Numerous holes ended in mineralization clearly showing the potential at depth. We are confident that this resource will play a crucial role in adding significant value to our company building on top of our flagship discoveries of Mankouke South and Kabaya. The continued drilling success on our numerous regional targets is proving the potential to add ounces from multiple targets on our large land package. We are also seeing encouraging results from our other regional discoveries made in late 2020 including Walia and Moussala North and we look forward to providing updates on those in the near future as more assays become available. The potential for numerous mineralized corridors on the property over long strike lengths is being further validated by our recent regional exploration success and step out drilling outside of Mankouke South with hole 89 released earlier this week, we are looking forward to sharing the full results of our extensive geophysics survey in the coming weeks which will further show the clear regional potential for a multi million oz mining camp at Kandiole."