Business
Roscan Graduates to Tier 2 of the TSX Venture Exchange
Toronto, Ontario--(Newsfile Corp. - May 29, 2017) - Roscan Minerals Corporation (TSXV: ROS.H) ...
About this update from Roscan Gold Corporation
[{"type":"text","content":"Roscan Graduates to Tier 2 of the TSX Venture ExchangeToronto, Ontario--(Newsfile Corp. - May 29, 2017) - Roscan Minerals Corporation (TSXV: ROS.H) (\"Roscan or the \"Company\") is pleased to announce that, effective May 30, 2017, Roscan has graduated to the TSX Venture Exchange (TSX-V) as a tier 2 listed issuer trading under the symbol ROS. As part of the graduation process, the Company has filed its initial NI 43-101 technical report on SEDAR for the gold prospective Dormaa Project (described below). The NI 43-101 technical report, completed by Mr. L.K. Mireku P. Geo, recommends a three phase approach over a period of three years, with a total budget of CAD $2,000,000, which includes a soil/termite geo-chemical program, 10,000 metres of air-core drilling and 10,000 metres of reverse circulation/diamond-core (\"RC\") drilling. Exploration activity is planned as follows: • Phase 1 (approximately CAD $300,000) consisting of:   o 1,724 soil samples   o 215 termite mound samples   o 3,500m air-core and RC drilling       • Phase 2 (approximately CAD $700,000) consisting of:   o 5,000m air-core drilling   o 3,000m RC drilling       • Phase 3 (approximately CAD $1 million) consisting of:   o 2,500m air-core drilling   o 6,000m RC drilling       The Phase 1 recommended program is designed to efficiently delineate known high gold anomalous areas using methodologies which have proven highly successful on other West African greenstone belt discoveries. These anomalies appear to be the source of substantial unregulated artisanal mining operations surrounding the property. Phases 2 and 3 are intended to provide a more detailed understanding of the potential within these anomalies. About the Dormaa Project (\"Dormaa\")The Dormaa Project is an 86.44 square kilometre gold prospective concession governed by a prospecting licence in the Brong-Ahafo Regions of Ghana, West Africa. Pelangio Exploration Inc. (\"Pelangio\") owns a 100% interest in the Dormaa Project through its indirectly held, wholly-owned subsidiary, Pelangio Ahafo (G) Limited (\"Pelangio Ghana\"). Roscan entered into an option and joint venture agreement (the \"Option\") with Pelangio on November 7, 2016 (as further amended on February 14, 2017) pursuant to which the parties establ...