The Prospector News

Roscan Gold Intersects 3.5gpt over 17m in Fresh Rock at MS3 and 3.31gpt Gold over 16m at MS1 as Sulphide Zone Broadens at Depth

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Roscan Gold Intersects 3.5gpt over 17m in Fresh Rock at MS3 and 3.31gpt Gold over 16m at MS1 as Sulphide Zone Broadens at Depth

 

 

 

 

 

Roscan Gold Corporation (TSX-V: ROS) (FSE: 2OJ) (OTC Pink: RCGCF) is pleased to announce positive results (Figure 1) from an additional 17 DD and RC holes totaling 2,956 meters at our Southern Mankouke Zone (MS1 and MS3).

 

These results continue to confirm that mineralization is open at depth in fresh rock at MS1 with a broader zone. In addition, drilling at MS3 continues to expand the footprint to a mineralization envelope size that is now at 300m E-W, 200m N-S, and 10 to 40m width. More importantly, it appears that a consistent high-grade zone has been traced to a vertical depth of 120m, ended in fresh rock and remains open.

 

Drilling Highlights:

 

Mankouke Discovery Zone (MS3)

  • 3.53 gpt gold over 17m from drill hole RCMAN21-55 from 121m
  • 4.06 gpt gold over 5m from drill hole RCMAN21-51 from 67m

▪ and 2.79 gpt gold over 11m from 73m

  • 4.43 gpt gold over 5m from drill hole RCMAN21-48 from 42m

 

Mankouke Discovery Zone (MS1)

  • 3.31 gpt gold over 16m from drill hole DDMAN21-116 from 258.4m

Including 11.97 gpt gold over 3m from 260.4m
and 1.48 gpt gold over 12m from 284.4m

  • 11.03 gpt gold over 3m from drill hole DDMAN21-114 from 126.5m

▪ and 3.21 gpt gold over 5m from 155.5m

  • 3.43 gpt gold over 9m from drill hole DDMAN21-112 from 141.5m

▪ Including 5.84 gpt gold over 4m from 141.5m

Notes: 1: True width yet to be determined, 2: Table 1 – Assay Highlights, 3: 0.5gpt used as cut-off with 4m internal dilution for drill holes, and 4: No top-cut.

 

Mankouke Discovery Zone (MS3) – Potential High-Grade Extension at Depth to the East

 

At MS3, the mineralization is close to surface and commences in the saprolite. The gold envelope shows a folded shape with dimensions of 300 m E-W, 200 m N-S, and 10 to 40m width.

 

The mineralization is open to the West, North, and East, while toward the South, it could be seen as an extension of MS1 displaced by a fault. The East fold limp displays a good consistency with significant high-grade intercepts (DDMan20-59 with 20m @ 3gpt, RCMan21-22B with 17m @ 3.3 gpt and RCMan21-55 with 17m @ 3.53 gpt). There is also a felsic intrusive occurrence that can be traced to a depth of 200m vertical. We note that this unit can also be mineralized as it evidenced at MS1 and has yet to be fully tested in MS3.

 

Main Mankouke South Zone (MS1) – Mineralization Continues to Open at Depth

 

At MS1, the last diamond drill holes continue to show good continuity at depth and laterally in the sulfide fresh rock. Drill Hole DDMAN21-116 with 16m @ 3.31 gpt, located 100m North from DDMAN21-104B (with 25m @ 2.02 gpt – see July 6th, 2021 Press Release), shows the wide broadening of the sulphide at depth at consistent high grade, which remains open and has yet to be tested.

 

The mineralization is strongly associated with the alteration mainly albite-carbonate-silicification, pyrite-arsenopyrite assemblage and often with the occurrences of quartz veins and veinlets network but also fractured rock.

 

The mineralization envelope fits very well in the alteration halo wireframe. These diamond holes also show that the felsic intrusion played an important role during the mineralization by hydrothermal gold mobilization or remobilization. Gold is in the sedimentary package at the top and limited by the footwall, which is carbonaceous bedded mudstone, in discordance with the gold-bearing folded clastic-limestone sequence.

 

The gold mineralization is open at depth and laterally, following the felsic intrusive toward the North and the South which fortunately crosses the barren footwall, allowing the mineralization to extend deeper.

 

Nana Sangmuah, President and CEO, stated,

 

We continue to be very excited as the mineralization of our Mankouke South flagship continues to expand, now with the doubling of the MS3 footprint, which remains open to the West-East and at depth.

 

“At MS1, we are also very pleased by the broadening of the sulphide zone at depth with consistent high-grade intercepts, pointing to the feeder zone opening up at depth.

 

“We expect a busy 2nd half of 2021 with a further 20,000m of assays to come from our Mankouke West, Mankouke South, Mankouke Centre, Kabaya KB4, Dabia South and Moussala MOU1 targets in addition to delivering our maiden resource estimate by year end.”

 

Figure 1: Cross Section Depicting Depth Extension with DDMan21-116 at MS1.

 

Figure 2: Cross Section Depicting East Extension at MS3 – RCMan21-55.

 

Geology

 

The gold mineralization at Mankouke South is located approximately 25km east of the Fekola mine (B2Gold Corp.), but also along a prospective major NE-SW structural corridor from Siribaya-Diaka (IAMGOLD Corporation) to Seko (Oklo Resources Limited). Gold mineralization in Mankouke South occurs within hydrothermally altered and sheared metasediments of the Kofi formation which include greywacke, limestone and diamictite but also in the edge of a felsic intrusive cross cutting the sedimentary package.

 

The Mankouke South mineralization is located within the sheared eastern limb of a fold directly above a footwall unit of finely banded and alternating graphitic shale and limestone referred to as the dirty carbonaceous mudstone. The border north of the mineralization corresponds with the edge of a NE-SW conductive zone from the geophysics surveys but MS3 also overlays the beginning of a Nord East conductive lineament. The gold mineralization is associated with a strong alteration over several lithologies, mainly albite, silicification, ankerite and chlorite, with the sulfite occurrences (pyrite, arsenopyrite) but also fracturing and quartz veins and veinlets.

 

Figure 3: Drill Core Photo DDMan21-116 showing high-grade sections mineralization in the altered felsic intrusive at MS1.

 

Drilling Contract and Analytical Protocol

 

Roscan uses Air Core, Reverse Circulation and Diamond types of drilling in the Kandiole Projects. The Air Core drilling is mainly applied to drill early exploration targets.

 

The samples are sent for preparation to the Bureau Veritas Mineral Laboratories in Bamako, Mali and assayed at their analytical facilities for fire assay with atomic absorption finish and by gravimetric finish for grades above 10gpt Au.

 

Table 1: Drillhole Highlights at Mankouke (August 16th, 2021)

 

Hole ID From (m) To (m) Interval (m) gpt Au Comment
DDHMan21-112 126.5 134.5 8 1.40 Saprock
including 132.5 133.5 1 3.54 Saprock
141.5 150.5 9 3.42 Saprock
including 141.5 145.5 4 5.84 Saprock
160.5 161.5 1 0.66 Saprock
168.5 169.5 1 0.73 Saprock
172.5 174.5 2 0.87 Fresh Rock
189.4 192.4 3 0.57 Fresh Rock
DDHMan21-114 6.5 15.5 9 0.90 Laterite
including 8.5 9.5 1 2.16 Laterite
including 14.5 15.5 1 2.45 Mottled zone
21.5 22.5 1 0.52 Saprolite
52.5 53.5 1 1.01 Saprolite
71.5 74.5 3 2.34 Saprolite
79.5 81.5 2 1.07 Saprock
97.5 102.5 5 0.90 Saprolite
107.5 111.5 4 0.54 Saprolite
121.5 122.5 1 1.88 Saprolite
126.5 129.5 3 11.03 Saprolite
136.5 142.5 6 3.95 Saprolite
150.2 152.5 2.3 0.98 Saprolite
155.5 160.5 5 3.21 Saprolite
including 155.5 156.5 1 6.51 Saprolite
170.5 171.5 1 2.04 Saprolite
178.5 179.5 1 0.78 Saprolite
DDHMan21-116 18.6 19.6 1 3.67 Saprolite
243.4 246.4 3 1.22 Fresh Rock
251.4 253.4 2 1.70 Fresh Rock
258.4 274.4 16 3.31 Fresh Rock
including 260.4 263.4 3 11.97 Fresh Rock
280.4 281.4 1 2.65 Fresh Rock
284.4 296.4 12 1.48 Fresh Rock
including 287.4 288.4 1 5.39 Fresh Rock
DDHMan21-117 28.6 36.6 8 1.95 Saprolite
including 34.6 35.6 1 6.41 Saprolite
40.6 44.6 4 0.49 Saprolite
341.7 347.7 6 1.13 Fresh Rock
396.7 403.7 7 0.57 Fresh Rock
429.7 430.7 1 1.00 Fresh Rock
RCMan21-38 47.0 48.0 1 1.57 Saprolite
RCMan21-43 17.0 22.0 5 2.19 Saprolite
25.0 26.0 1 1.46 Saprolite
RCMan21-44 9.0 10.0 1 0.80 Laterite
16.0 17.0 1 0.88 Saprolite
57.0 60.0 3 1.83 Saprolite
RCMan21-45 10.0 13.0 3 0.62 Laterite – Saprolite
16.0 19.0 3 1.64 Saprolite
including 17.0 18.0 1 3.51 Saprolite
26.0 28.0 2 3.07 Saprolite
RCMan21-47 1.0 2.0 1 0.54 Laterite
12.0 17.0 5 1.16 Saprolite
RCMan21-48 19.0 21.0 2 2.27 Saprolite
32.0 33.0 1 0.65 Saprolite
38.0 41.0 3 1.55 Saprolite
42.0 47.0 5 4.43 Saprolite
52.0 53.0 1 1.07 Saprolite
61.0 65.0 4 0.95 Saprolite
RCMan21-49 17.0 18.0 1 5.04 Saprolite
23.0 24.0 1 1.00 Saprolite
71.0 82.0 11 0.80 Fresh Rock
including 71.0 72.0 1 2.29 Fresh Rock
111.0 113.0 2 1.54 Fresh Rock
130.0 131.0 1 0.85 Fresh Rock
RCMan21-50 92.0 93.0 1 1.29 Fresh Rock
111.0 112.0 1 3.39 Fresh Rock
128.0 129.0 1 1.32 Fresh Rock
RCMan21-51 23.0 24.0 1 1.34 Saprolite
57.0 58.0 1 0.74 Saprolite
63.0 66.0 3 2.08 Saprolite
67.0 72.0 5 4.06 Saprolite
including 68.0 69.0 1 8.75 Saprolite
73.0 84.0 11 2.79 Saprolite
including 75.0 76.0 1 7.19 Saprolite
including 83.0 84.0 1 6.00 Saprolite
85.0 91.0 6 0.61 Saprolite
RCMan21-52 103.0 104.0 1 0.87 Fresh Rock
113.0 114.0 1 0.77 Fresh Rock
124.0 126.0 2 0.88 Fresh Rock
RCMan21-53 78.0 79.0 1 0.91 Fresh Rock
148.0 149.0 1 0.50 Fresh Rock
RCMan21-54 41.0 42.0 1 0.75 Saprolite
54.0 55.0 1 0.66 Saprolite
67.0 69.0 2 1.08 Fresh Rock
RCMan21-55 108.0 110.0 2 2.47 Fresh Rock
121.0 138.0 17 3.53 Fresh Rock
including 122.0 123.0 1 12.00 Fresh Rock
including 126.0 127.0 1 8.84 Fresh Rock
including 131.0 132.0 1 7.24 Fresh Rock

 

 

Table 2: Drillhole ID at Mankouke (August 16th, 2021)

 

Hole ID X Collar Y Collar Zcolar Section AZM DIP EOH
DDHMan21-110 (*) 262025 1375751 161 1375750 90 -50 88.3
DDHMan21-111 (*) 262198 1375801 179 1375800 90 -50 186.2
DDHMan21-112 262494 1375850 187 1375850 90 -50 260.4
DDHMan21-113 (*) 262171 1375760 167 1375760 90 -50 155.4
DDHMan21-114 262643 1376000 171 1376000 90 -60 204.0
DDHMan21-115 (*) 262525 1376002 187 1376000 90 -50 251.8
DDHMan21-116 262360 1375850 179 1375850 90 -50 401.4
DDHMan21-117 262228 1375751 173 1375750 90 -50 470.7
RCMan21-38 262475 1376050 174 1376050 270 -50 120.0
RCMan21-39 (*) 262350 1376050 205 1376050 90 -50 106.0
RCMan21-40 (*) 262347 1376050 198 1376050 270 -50 120.0
RCMan21-41 (*) 262225 1376050 182 1376050 90 -50 120.0
RCMan21-42 (*) 262257 1375850 197 1375850 90 -50 100.0
RCMan21-43 (*) 262266 1375900 186 1375900 90 -50 80.0
RCMan21-44 262249 1376425 173 1375900 90 -50 80.0
RCMan21-45 262300 1376425 174 1376425 90 -50 120.0
RCMan21-46 (*) 262250 1376425 181 1376425 90 -50 147.0
RCMan21-47 262500 1376425 173 1376425 270 -50 120.0
RCMan21-48 262350 1376275 185 1376275 90 -50 100.0
RCMan21-49 262301 1376274 178 1376275 90 -50 150.0
RCMan21-50 262250 1376275 183 1376275 90 -50 150.0
RCMan21-51 262350 1376225 181 1376275 90 -50 100.0
RCMan21-52 262300 1376222 219 1376225 90 -50 150.0
RCMan21-53 262250 1376322 182 1376225 90 -50 150.0
RCMan21-54 262225 1376367 180 1376370 90 -50 150.0
RCMan21-55 262574 1376368 177 1376370 270 -50 150.0

 

(*) Not Significant Results

 

Qualified Person and NI43-101 Disclosure

 

Greg Isenor, P. Geo., Director for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

 

About Roscan

 

Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali.

 

Posted August 17, 2021

Share this news article

MORE or "UNCATEGORIZED"


Agnico Eagle and Kirkland Lake Gold Announce Merger of Equals to Create Highest-Quality Senior Gold Producer

Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) and Kirkland L... READ MORE

September 28, 2021

Sokoman Expands 75 Zone and Releases Additional Results from Eastern Trend, Moosehead Gold Project, Central Newfoundland

New Structure Intersected 300 m East of Eastern Trend;  Barge-Ba... READ MORE

September 28, 2021

Benchmark Warrants Fully Exercised As 100,000 Metre Drill Program Will Lead to Resource Expansion and Preliminary Economic Assessment

Benchmark Metals Inc. (TSX-V: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) ... READ MORE

September 28, 2021

Pure Gold Mining Inc. Closes Bought Deal Offering for Gross Proceeds of C$23 Million

Pure Gold Mining Inc. (TSX-V:PGM) (LSE:PUR) is pleased to announc... READ MORE

September 28, 2021

FenixOro Drills 23.2 g/t Gold in Newly Discovered Cascada Vein, Significantly Increases Resource Potential on Northwest Corridor at Abriaqui Gold Deposit

FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is p... READ MORE

September 28, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News