Roscan Gold Stock Price, News & Analysis

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.

Roscan Gold Corporation has entered into a royalty financing agreement with Osisko Gold Royalties regarding its Kandiolé Project in Mali. Osisko will acquire a 1.0% net smelter return (NSR) royalty for $5 million, with an option to purchase an additional 1.0% NSR for another $5 million. This strategic partnership aims to enhance Roscan's project development and resource growth. The deal also grants Osisko a right of first refusal on future royalties related to the Property. CEO Nana Sangmuah expressed optimism about the collaboration.

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.