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A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Roscan Gold (CVE: ROS) has released the results of 20 diamond and reverse circulation drill holes completed at the Mankouke South target within its Kandiole project in western Mali, which extend the mineralization down to 120 metres, from 80 metres previously.
Drill highlights include 70 metres of 3.2 g/t gold, 22 metres of 5.75 g/t gold as well as 3.5 metres of 18.6 g/t gold.
This last intercept – hole DDMan-20-25 – ended in mineralization at a depth of 143.7 metres down hole
This last intercept – hole DDMan-20-25 – ended in mineralization at a depth of 143.7 metres down hole.
“We are very pleased with the rapid exploration success achieved in 2020, and we now have several high-grade intersections at 80 metres to 120 metres depth with our deepest hole to date, DDMan-20-25 ending in high grade gold mineralization,” Nana Sangmuah, Roscan’s president and CEO, said in a release.
“The geological potential of our project is clearly being demonstrated and, with this round of drilling, has confirmed further depth extension.”
Mankouke South remains open at depth and to the north, with follow-up drilling planned
Sangmuah added that the current data suggests a slight northern plunge of the mineralization. Mankouke South is within the 7-km long Mankouke corridor, which also hosts the Mankouke Central prospect.
Mankouke South remains open at depth and to the north, with follow-up drilling planned.
Geological modeling of the area is underway with an additional 50 air core holes completed along three sections at the neighbouring Kandiole West permit, 8 km east of B2 Gold’s Fekola mine – assays for these are pending with more drilling underway.
The company’s stock on the TSX Venture Exchange traded at C$0.21 per share, up 4.8% on Tuesday. Roscan’s market value is C$35.9 million.
(This article first appeared in the Canadian Mining Journal)
