Roscan starts drilling at Kandiole gold project in Mali
Roscan Gold Corporation has announced that drilling has commenced at the Company's 100%-owned Kandiole Project in Mali, West Africa.
As previously announced, a 3,500 metre Air Core drilling program was designed to test several of the numerous, high-quality, gold geochemical anomalies. The program commenced on schedule and is expected to be completed in under a month, with initial results being announced in early 2019.
“We are excited to get on the path to unlocking the potential of the Kandiole gold project and look forward to announcing the results of our initial drilling program as soon as we can. In addition, we expect to announce plans for a follow-up program including the testing of anomalies that were not drilled in this first pass program,” stated Greg Isenor, Roscan President and CEO. “Our past experience and knowledge of this area have allowed us to fast forward our exploration and initiate a drilling program.”
The 3,500-metre drilling program consists of approximately 77 holes (47 holes on Mankouke and 30 holes on Moussala Nord). These AC holes are designed to test the full width of a series of strong gold anomalies in termite mounds with coincident gold-in-soil anomalies.
The Mankouke property overlies a northerly-trending magnetic Siribaya structure that is interpreted to represent a regional scale thrust fault. Some of Roscan's strongest termite and gold-in-soil anomalies lies along this structure. The Siribaya Structure, and the corridor associated with the structure, hosts established resources (Siribaya - 303,900 ounces indicated at 2.34 g/t gold and 301,400 ounces gold inferred at 2.17 g/t gold1) and additional exciting new discoveries (Oklo's Seko – intercepts to 4.38 g/t gold over 45 metres2 and Komet's Kabaya – intercepts to 2.02 g/t gold over 62 metres3). The Mankouke targets have similar geochemical expressions as other discoveries on this structural corridor.
Drill fences at Moussala Nord are designed to test three strong anomalous gold trends. These anomalies are well defined and appear to be associated with a strong, northeast-trending structure that is semi-parallel to, and west of, the Siribaya Structure. The three drill fences range from 225 metres to 275 metres wide with termite and soil values ranging up to 16,000 ppb gold. Two of the drill fences will cross over artisanal mining areas that are currently being mined.
It is expected that in early 2019, a follow-up program of Reverse Circulation drilling, and additional AC drilling will be initiated in areas with the most significant AC results.