Roscan Gold Stock Price, News & Analysis

Roscan Gold Corporation (OTCQB: RCGCF) has announced promising drill results from five Reverse Circulation holes at the Disse target, revealing over 135 meters of mineralization near the surface. Key results include 7.29 gpt gold over 6m and 15.09 gpt gold over 2m. The company plans further drilling to extend the gold strike and is preparing for a maiden resource announcement by the end of Q2 2022. The findings indicate significant potential for additional discovery in the area, bolstered by ongoing drilling and assay work.

Roscan Gold Corporation (OTCQB:RCGCF) announced encouraging results from its recent drilling campaign at Kandiole North (KN1). The gold mineralization shows significant lateral and vertical expansion, reaching depths of 275m. Key drill results include 2.04 gpt gold over 25m and 5.93 gpt over 6m, highlighting the area's potential. Future drilling is planned to explore additional targets, which could significantly increase the company's resource estimates and support production at the Kandiole project.

Roscan Gold Corporation (OTCQB:RCGCF) recently announced promising results from its drilling campaign at the Mankouke South (MS1) zone, totaling 4,920 meters across 22 drill holes. Notable findings include 4.66 gpt gold over 41 meters and 3.18 gpt gold over 26 meters, reinforcing the high-grade potential of the site. The drilling confirms substantial mineralization continuity and indicates a strong prospect for future resource estimates. Approximately 16,000 meters of assay results are still pending, suggesting ongoing positive developments.

Roscan Gold Corporation (OTCQB: RCGCF) announced positive drilling results at the Mankouke South project, totaling 2,456 meters. Highlights include 16.01 gpt gold over 8m from drill hole DDMAN21-118 and 11.88 gpt gold over 6m from hole RCMan21-0058. Assay results from a 9,000m reverse circulation campaign are pending. The company is also in discussions for 19.9% investment to accelerate exploration. The upgraded OTCQB listing is expected to enhance liquidity for U.S. shareholders. Maiden resource estimates are anticipated in H1 2022.

Roscan Gold Corporation announced results from metallurgical testing on gold prospects at the Kandiole Projects in Mali. The tests revealed non-refractory metallurgical characteristics, allowing for effective gold and silver extraction via industry-standard cyanide leaching. Key recoveries included 97% for oxide samples and 90% for fresh mineralization. The testing showed promising results for gravity concentration, with averages of 23% recovery. These findings support the development of a feasible processing flow sheet and enhance the project's economic potential due to potential silver by-products.

Roscan Gold Corporation has initiated a 16,000m drilling program at its Kandiole Gold Project in Mali, post-rainy season. This program includes targets at Mankouke South and Kandiole (KN1), utilizing four drill rigs as of October 19, 2021. The drilling aims to contribute to the maiden mineral resource estimate expected by year-end. The company has previously drilled 27,550m of Diamond and RC holes and 110,000m of Air Core holes in 2021. A backlog of samples is currently at the lab, which may lead to follow-up drilling based on results.

Roscan Gold Corporation announced a successful completion of a strategic investment worth C$6.4 million from Asante Gold Corporation. Asante will acquire 22,086,121 common shares at C$0.29 per share, representing approximately 6.3% of Roscan's shares. This investment aims to enhance the development of the Kandiole Gold Project in West Mali. The agreement stipulates that Asante will vote in line with Roscan's management at shareholder meetings.

Roscan Gold Corporation announces a strategic investment of US$5 million by Asante Gold Corporation to advance its Kandiole Gold Project in West Mali. Asante will purchase 22.1 million common shares at C$0.29 per share, equating to approximately 6.7% ownership in Roscan. The investment supports exploration efforts over 401.8 km² of prospective land. The deal includes an investor rights agreement allowing Asante to appoint a board member. Closing is expected around October 15, 2021, pending regulatory approval.

Roscan Gold Corporation (OTC: RCGCF) announced positive results from 17 additional drill holes at its Southern Mankouke Zone, totaling 2,956 meters. The results reveal open mineralization at depth with a significant high-grade zone traced to 120m depth. Notable drill highlights include 3.53 gpt gold over 17m from RCMAN21-55 and 3.31 gpt gold over 16m from DDMAN21-116. The Mankouke footprint has doubled, with ongoing drilling expected to yield further results in 2021, including a maiden resource estimate by year-end.