Roscan Gold Stock Price, News & Analysis

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.

Roscan Gold Corporation (OTCQB: RCGCF) announced on February 15, 2022, the issuance of stock options and Restricted Stock Units (RSUs). A total of 2,340,980 options were granted to a director, vesting immediately, with an expiration date of February 24, 2027, based on a closing price of $0.39 on February 23, 2022. Additionally, 3,000,000 RSUs were granted to the CEO, with 2,000,000 vested and 1,000,000 contingent on performance criteria. Notably, the stock price has increased by 300% since key executives joined the company.

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.