Roscan Announces Interim Resource of 1.02 Moz at 1.2 g/t Indicated, 0.20 Moz at 1.2g/t Inferred at Its Kandiolé Project in Mali

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[{"type":"text","content":"Roscan Announces Interim Resource of 1.02 Moz at 1.2 g/t Indicated, 0.20 Moz at 1.2g/t Inferred at Its Kandiolé Project in MaliRobust Starter Pit Potential of 377,000 ounces at 2.6 g/t at Mankouke SouthToronto, Ontario--(Newsfile Corp. - June 8, 2022) - Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) (\"Roscan\" or the \"Company\") is pleased to announce its initial, pit-constrained, interim NI 43-101 compliant Mineral Resources reported at a gold price of only 1,500 USD per oz, of 27.4 million tonnes grading 1.2 g/t Au totaling 1.02 million ounces of gold in the Indicated Category and 5.2 million tonnes grading 1.2 g/t Au totaling 198,000 ounces of gold in the Inferred category at its Kandiole project in Mali.Roscan's maiden pit constrained Mineral Resource includes gold mineralization from six mineral deposits: Mankouke South, Mankouke Central, Kandiole1, Kandiole 2 and 4, Kabaya and Moussala. The discovery areas of Disse, Walia and Mankouke West were not included in the maiden resource due to lack of sufficient drilling to date but will be areas of upside for future exploration.The cutoff date for data used in the resource estimate was March 25th 2022. Since March 25th, Roscan has continued its drilling campaign to infill and extend the saprolite resource area and to follow up on the deeper mineralization at the Mankouke South and Kandiole targets. Drilling results have encountered plunging zones of mineralization that remain open, which are currently being drilled and assayed. Key Highlights:Robust initial Mineral Resource reported at a 0.3 g/t Au (oxide) and 0.42 (fresh) cut-off grade and $1500 per ounce gold price.Indicated Mineral Resource of 27.4mt at 1.2 g/t Au (1.02 Moz), and Inferred Mineral Resource of 5.2mt at 1.2 g/t Au (0.20 Moz).Resource calculation sensitivity at a 0.5g/t Au cut-off and $1500 per ounce gold price.Indicated Mineral Resource of 20.0mt at 1.5 g/t Au (923 Koz), and Inferred Mineral Resource of 3.8mt at 1.4 g/t Au (0.18 Moz).Preliminary pit shells at Mankouke South indicate a low strip-ratio resource that is mostly oxide, with a robust starter pit of between 5.3 million tonnes at 2.2 g/t (386,000 ounces at 0.75 g.t cut-off) and 4.5 million tonnes at 2.6 g/t (377,000 ounces at 1.0 g.t cut-off).Resource model sensitivities at various gold prices highlight low strip ratios from pit sh...

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