TORONTO, Oct. 31, 2018 /CNW/ - Roscan Gold Corporation
("Roscan" or the "Company") (TSX-V: ROS) is pleased to announce
that it has signed a contract with Geodrill Ltd. to commence
drilling on, or about, November 15,
2018 at the Company's 100%-owned Kandiole Project in
West Mali. A 3,500 metre Air Core
("AC") drilling program has been designed to test the numerous,
high-quality, gold geochemical anomalies previously identified. The
program is expected to be completed prior to December 31, 2018.
AC DRILLING PROGRAM
The AC drilling program will
include holes of maximum depths of 50 meters and a dip angle of no
less than 50 degrees. At present, drilling access roads are being
completed and detailed information on drilling targets will be
provided to the market in a future news release prior to the
beginning of the program. A map identifying targets and
illustrating the drill plan will also be disseminated.
It is expected that in early 2019, a follow up program of
Reverse Circulation ("RC") drilling will be initiated in areas with
the most significant AC results.
GEOCHEMICAL SAMPLING PROGRAM
In addition, a crew of 25
personnel, including three senior geologists, are at the site and
presently working. The exploration camp has been set up to support
the field crews and equipped to manage all of the data being
collected. Three sampling crews are active in the field with soil
and termite sampling. The sampling program has been designed to
cover all of the high priority targets and other areas of interest
and will result in approximately 75% of the permits covered. It is
expected that this sampling program will identify further drilling
targets.
"We were encouraged by the amount and strength of the previously
announced Au-in-soil and termite mound anomalies that were
identified in an area of existing gold mines and are excited to
begin this initial drill program," stated Greg Isenor, Roscan President and CEO. "We plan
to release the first tranche of drill results in early to mid
December, along with future plans of the next phase of RC drilling.
We are confident in the bright future of Roscan and see this
initial drilling program as the first step to building value for
Roscan shareholders," Mr. Isenor continued.
ABOUT ROSCAN
Roscan Gold Corporation is a Canadian gold exploration
company focused on the acquisition and exploration of gold
properties in West Africa. The Company has assembled a
significant land position of 100%-owned permits in an area of large
gold deposits for its Kandiole Project in west
Mali.
Forward Looking Statements
This news release contains forward-looking information which is
not comprised of historical facts. Forward-looking information is
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events,
results, and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors
that could cause actual results to differ materially from such
forward-looking information include, but are not limited to,
changes in the state of equity and debt markets, fluctuations in
commodity prices, delays in obtaining required regulatory or
governmental approvals, and other risks involved in the mineral
exploration and development industry, including those risks set out
in the Company's management's discussion and analysis as
filed under the Company's profile at www.sedar.com. Forward-looking
information in this news release is based on the opinions and
assumptions of management considered reasonable as of the date
hereof, including that all necessary governmental and regulatory
approvals will be received as and when expected. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information. The Company disclaims any intention or obligation to
update or revise any forward-looking information, other than as
required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE RosCan Gold Corporation