Roscan Gold Stock Price, News & Analysis

Roscan Gold Corporation announced a leadership transition with Greg Isenor becoming a non-executive director effective July 1, 2021, as part of a succession plan. Isenor has supported Nana Sangmuah, the current President and CEO, for the past 18 months. Also, Bruce Ramsden has been promoted to Executive Vice President while continuing as CFO. The board granted 600,000 stock options to Isenor and 500,000 to Ramsden at an exercise price of $0.41. Roscan is focused on gold exploration in West Africa, holding multiple permits in high-potential regions.

Roscan Gold Corporation announced promising additional drill results from its Regional Targets, including Walia, Kandiole North, and Moussala North. Notably, gold mineralization has been identified down to 190m and 230m in Walia and Kandiole North, respectively, with a significant success rate of approximately 90% in drilling. Highlights include 25.70 gpt gold over 2m at Walia and 5.77 gpt gold over 10m at Moussala North. Roscan's exploration strategy appears effective, enhancing confidence in the potential of its 401.8 km² land package, aimed at advancing toward delineating mineral resources.

Roscan Gold Corporation announced promising drill results from the Kabaya Target, totaling 6,500 meters across 42 holes, with all holes intersecting gold mineralization. Noteworthy highlights include 17.66 gpt gold over 3.0m from drill hole RCDBS21-016, and the expansion of mineralization depth to 232 meters, confirming continuity over a strike length of 600 meters. New high-grade areas, KB3 and KB4, were also identified, enhancing resource growth potential. The company anticipates a maiden resource update by year end.

Roscan Gold Corporation announced promising drilling results from the Southern Mankouke Zone, totaling 2,205 meters. Key highlights include 7.52 gpt gold over 19m and 21.28 gpt over 5m from drill hole DDMan21-93 in the new Mankouke South Discovery Zone (MS2). The main Mankouke South Zone (MS1) showed persistent gold mineralization, with multiple holes intersecting significant grades, boosting the resource potential. The company aims to expand its mineralization footprint and plans a robust drilling campaign following a $15 million financing.

Roscan Gold Corporation has announced key senior management appointments, with Bruce C. Ramsden as Chief Financial Officer and Pascal Van Osta as Vice President Exploration. Ramsden, a seasoned finance executive with over 38 years of experience, has significant expertise in the mining sector, including securing U$525M in financing. Van Osta brings over 30 years of mineral exploration expertise in West Africa. Both appointees are expected to contribute to the company’s strategic growth in gold exploration and development in Mali. The board also approved 1,800,000 incentive stock options for them.

Roscan Gold Corporation has expanded its Kandiole Project by acquiring the Bantanko East permit, adding 55 square kilometers to its land package, which now totals 401.8 square kilometers. This acquisition is strategic due to its proximity to significant mineral deposits and the Senegal-Mali Shear Zone. The company aims to leverage this expansion to enhance its exploration efforts, with six gold discoveries in 15 months. Roscan envisions becoming a major player in the gold mining sector of Southwest Mali, focusing on sustainable practices and collaboration with local communities.

Roscan Gold Corporation (OTC Pink: RCGCF) has announced an overnight marketed public offering of common shares. The size and issue price will be determined before filing the final prospectus. Proceeds will support ongoing exploration in Mali and fund general corporate purposes. The offering includes a 6.0% cash commission to agents and additional broker warrants. It is subject to necessary regulatory approvals. Roscan focuses on gold exploration in West Africa with a substantial land position near operating gold mines.

Roscan Gold Corporation reported positive drill results from its Kandiole North project, indicating a significant expansion of gold mineralization. The mineralized zone has been extended down to 92m and along an 8km trend to Moussala and 6km to Kabaya. Key highlights include gold intercepts such as 6.67 gpt over 4m and 21.9 gpt over 1m. CEO Nana Sangmuah emphasized the potential for this resource to add value and mentioned ongoing drilling at multiple targets, including Mankouke South and Kabaya. The successful exploration reinforces the prospects for a multi-million oz mining camp at Kandiole.

Roscan Gold Corporation reported encouraging diamond drilling results from 8 holes totaling 2,797 meters at its Southern Mankouke Discovery. Notable results include 4.78 gpt over 24m in hole DDMan-20-89 and 6.01 gpt over 7m in hole DDMan-20-85, demonstrating high-grade gold mineralization potential. The drilling reflects a 100% success rate and extends the known resource by intersecting fresh rock at deeper depths. The company plans to deploy additional rigs to further explore the area, aligning with their 2021 exploration objectives and recent acquisitions.