Welcome to our dedicated page for Roscan Gold news (Ticker: RCGCF), a resource for investors and traders seeking the latest updates and insights on Roscan Gold stock.
Roscan Gold Corporation reports developments tied to gold exploration and project advancement in West Africa. The company focuses on the exploration and acquisition of gold properties and has assembled 100%-owned permits around its Kandiolé Gold Project in western Mali, near established gold mines and deposits.
Recurring news includes NI 43-101 technical reporting, preliminary economic assessment updates, mineral-resource and project-development disclosures, exploration permit matters, and financing activity such as private placements and convertible note issuances. Company updates also cover governance changes, stock-option grants, and capital-market communications related to Roscan's transition from explorer toward gold developer.
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Roscan Gold Corporation announced a non-brokered private placement financing of up to $2,000,000 through the issuance of 10,000,000 common shares at $0.20 per share, a 19% premium to its 30-day VWAP. The funds will support exploration and development of the Kandiolé Project and general corporate purposes. The closing is subject to regulatory approvals, including from the TSXV. CEO Nana Sangmuah emphasized the importance of this financing for resource growth and de-risking the final mining permit, which could trigger a $5.0 million investment from Osisko Gold Royalties.
Roscan Gold Corporation (OTCQB: RCGCF) announced on March 9, 2023, that it received the Environmental Permit from Mali's Ministry of Environment for its 100% owned Kandiole Gold Project. This permit is a significant milestone that progresses the project towards obtaining a final mining license. The permit followed a recent meeting of the Environmental Monitoring Committee and the validation of the Environmental and Social Impact Report on February 16, 2023. CEO Nana Sangmuah highlighted the importance of this milestone in establishing a shovel-ready project and noted Mali's favorable permitting environment.
Roscan Gold Corporation (TSXV:ROS)(FSE:2OJ)(OTCQB:RCGCF) announced the departure of Chief Financial Officer Bruce Ramsden, effective March 15, 2023, after his notification on December 3, 2022. The company has appointed Jun (Danny) Cao as the new CFO. Mr. Cao has over 15 years in mining finance, having held key roles at Barrick Gold, Agnico Eagle Mines, and IAMGold, and served as a Consulting Manager at PwC's Mining Center of Excellence. CEO Nana Sangmuah expressed gratitude for Ramsden's contributions while welcoming Cao's expertise to enhance the company's performance.
Roscan Gold focuses on acquiring gold properties in West Africa, holding significant permits in West Mali.
Roscan Gold Corporation (OTCQB: RCGCF) announced positive drilling results from the Southern Mankouke Zone, totaling 6,153 meters across multiple drilling types. Key findings reveal significant mineralization, including 3.43 gpt gold over 23m and 1.1 gpt over 29m. These results confirm continuity between MS1 and MS3, enhancing the resource footprint at Kandiole, which currently holds about 30Mt in estimated resources. This indicates potential for a low-strip, high-margin operation, bolstering economic prospects.
Roscan Gold Corporation (OTCQB:RCGCF) announced promising results from its recent drilling at the Kabaya KB3 site, comprising 18 holes totaling 2,220 meters. The results indicate significant gold mineralization with notable intercepts, expanding the mineralization footprint to the east and south. Highlights include 1.49 gpt gold over 37m and 3.09 gpt gold over 12m. The mineralization remains open at depth and laterally, with potential for further discovery in the unexplored 850m gap between KB3 and the existing resources.