Roscan Gold Stock Price, News & Analysis

Roscan Gold Corporation (OTCQB: RCGCF) announced positive Reverse Circulation drilling results at its Kabaya project, highlighting significant gold intercepts from 21 holes totaling 3,122 meters. Drill hole RCDBS22-0112 showed 3.29 gpt gold over 22m, including 5.78 gpt over 4m. The gold mineralization extends beyond the previously estimated resources, indicating potential for further resource growth. The current strike length of KB1 & KB2 is 1,100m, open at depth and laterally, promoting optimism for future exploration.

Roscan Gold Corporation (OTCQB:RCGCF) has filed a Technical Report for its Kandiole Project in Mali, effective as of March 31, 2022. The report, prepared by industry experts, is compliant with National Instrument 43-101. This positions Roscan favorably given its extensive land holdings in a gold-producing region adjacent to significant operations like B2 Gold's Fekola Mine. The report is accessible on the Company's SEDAR profile.

Roscan Gold Corporation has granted 3,276,037 stock options to a director, allowing the purchase of common shares at $0.34 each, expiring on June 28, 2027. The options are subject to a four-month hold period. Roscan focuses on gold exploration in West Africa, owning significant permits near major gold mines, including B2 Gold's Fekola Mine. The company emphasizes its strong position in the gold sector and aims to advance its exploration initiatives.

Roscan Gold Corporation (OTCQB: RCGCF) announced promising drill results from its Kandiole North and Disse projects. The gold mineralization at Kandiole KN1 extended 125 meters beyond the previous limit, with highlights including 7.62 gpt gold over 10m. At Disse, high-grade intervals were recorded, including 3.04 gpt gold over 12m. These findings suggest significant expansion potential for both projects, which are not yet included in the maiden resource estimation. Further drilling is anticipated to enhance understanding of the mineralized zones.

Roscan Gold Corporation (OTCQB:RCGCF) announced ongoing exploration activities aimed at increasing its mineral resources beyond the recently established first mineral resource estimate (MRE). Currently, 17,890 meters of a 20,000 meter drilling program have been completed, revealing potential additional resources of 8Mt to 30Mt at grades between 0.8 g/t Au and 1.1 g/t Au. The use of the LeachWELL assay process has shown improvements in grades, with only 18% of current drilling assayed thus far. The company emphasizes excitement over growth opportunities in various target areas.

Roscan Gold Corporation reports a robust initial interim NI 43-101 compliant Mineral Resource estimate at its Kandiole project in Mali. The estimate includes 27.4 million tonnes grading 1.2 g/t Au totaling 1.02 million ounces in the Indicated category and 5.2 million tonnes at 1.2 g/t Au totaling 198,000 ounces in the Inferred category. A low strip ratio resource is indicated at Mankouke South, with a starter pit potential of 377,000 ounces at 2.6 g/t. The results underscore significant exploration upside for resource growth.

Roscan Gold Corporation (OTCQB:RCGCF) announced positive Reverse Circulation (RC) drilling results at its Kabaya project, totaling 53 holes across 5,969 meters. The company aims to discover new gold zones and enhance existing resources. The drilling revealed an estimated strike of 200m at KB3, while the infill drilling at KB1 and KB2 has improved gold continuity. Key drilling highlights include 2.09 gpt gold over 21m and 1.49 gpt gold over 28m. The company is optimistic about its forthcoming maiden resource estimate set for Q2.

Roscan Gold Corporation announced that Srinivasan Venkatakrishnan will not seek re-election at the upcoming Annual General Meeting on April 26, 2022, as he transitions to Chairmanship of Endeavour Mining Plc in May 2022. Venkat will continue in an advisory capacity to ensure a seamless transition. Sir Sam Jonah, Chairman, acknowledged Venkat's significant contributions to building a robust foundation for Roscan's exploration activities in Mali, particularly in gold-rich regions.

Roscan Gold Corporation has announced a C$5 million non-brokered private placement with strategic investors to enhance its Kandiole Gold Project in West Mali. The strategic investors will purchase 12.5 million common shares at C$0.40 each, representing an 11% premium over the 30-Day VWAP as of February 25, 2022. Proceeds will fund exploration efforts targeting a maiden resource estimate in Q2 2022. Closing of the offering is anticipated by March 31, 2022, pending regulatory approvals.