Welcome to our dedicated page for Roscan Gold news (Ticker: RCGCF), a resource for investors and traders seeking the latest updates and insights on Roscan Gold stock.
Roscan Gold Corporation (RCGCF) is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa, with its primary attention on the Kandiole Gold Project in West Mali. The Roscan Gold news feed on Stock Titan brings together company announcements that reflect its progress in the gold sector and its activities as a junior mining issuer.
In recent disclosures, Roscan has reported a range of corporate and project updates that are relevant to investors following gold exploration and development stories. These include financing transactions such as secured convertible note placements and extensions to secured subordinate promissory notes, which the company indicates are used for general corporate and working capital purposes. News items also cover regulatory milestones in Mali, including the partial lifting of a suspension on mining title processing and the renewal of key exploration permits that support the advancement of the Kandiole Gold Project.
Roscan’s news releases highlight technical and project-related information, such as its Mineral Resource Estimate and conceptual exploration target at Kandiole, as well as commentary from management on the transition from exploration toward development and the pursuit of a mining permit and Preliminary Economic Assessment. Corporate governance developments, including changes to the board of directors and stock option grants, are also disclosed.
Investors can use this news page to follow Roscan’s participation in mining-focused investor events, updates on its financing structure, and developments in Mali’s mining regulatory environment. For those tracking RCGCF, the news stream provides context on how Roscan is managing its gold exploration portfolio, advancing Kandiole, and engaging with capital markets and stakeholders over time.
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.
Roscan Gold Corporation has expanded its Kandiole Project by acquiring a strategic 42 square kilometers permit named Segondo West near major discoveries Walia and Moussala. This brings the total land area to 346.8 square kilometers, positioning Roscan as one of the largest landholders in the region. The CEO expressed optimism about the acquisition, citing its potential for future exploration and discovery. Current drilling activities continue on existing targets, with an upcoming focus on the interpretation of geophysical data to enhance exploration efforts in 2021.
Roscan Gold Corporation has appointed Mr. Srinivasan Venkatakrishnan as an Independent Non-Executive Director. Venkat, a seasoned executive with over 30 years in the gold sector, is expected to enhance the company’s strategic direction, particularly in advancing the Kandiole Project towards production. His previous roles include CEO of Vedanta Resources and AngloGold Ashanti. The board has approved the granting of 3.5 million stock options to Venkat, with a vesting schedule over five years. This addition is viewed positively for stakeholders as Roscan aims to leverage Venkat's extensive experience in operations and finance.
Roscan Gold Corporation has secured $3,672,082 from warrant exercises, totaling $9,658,745 in 2020. Of 38.9 million outstanding warrants, 37.5 million are in-the-money, potentially bringing $6.7 million more if exercised. Key expirations include 13.4 million warrants in March 2021 and 25.5 million in December 2021. Notably, five major shareholders will exercise 9.4 million warrants by year-end for $1,500,000. The funds will support exploration in West Mali and general working capital.
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