Roscan Gold Stock Price, News & Analysis

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.

Roscan Gold Corporation has announced positive drilling results from its Southern Mankouke Zone. The latest 14 drill holes, totaling 3,066 meters, indicate high-grade gold mineralization at varying depths. Key findings include:

• MS1: 1.43 gpt gold over 10m (including 6.27 gpt over 1m)
• MS3: 2.33 gpt gold over 18m (including 4.95 gpt over 4m)

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.