At the time of acquisition on
Subsequent drilling outlined in this release has now confirmed the continuity of the mineralization to a depth of 232 meters (KB1) over a strike length of 600 meters (KB1 and KB2) and it remains open. The recent drilling outlined below has dramatically increased the volume of the prospective deposit and has major positive implications for future resource growth. In addition, at the East Limb (KB2), the mineralization has now been extended down to 150m in Fresh Rock from prior depth of 65m and remains open at depth.
There were multiple holes intersecting high gold grades, such as Drill hole RCDBS21-016 which intersected 17.66 gpt over 3.0m. While several holes showcased the broad consistency of the mineralization with intercepts such as 2.49 gpt gold over 19.0m from drill hole RCDBS21-022. 2.29 gpt gold over 19.0m from drill hole RCDBS21-016, 1.31 gpt gold over 21.0m from drill hole RCDBS21-024 and 1.21 gpt gold over 30.0m from drill hole RCDBS21-012. Grade continuity and mineralization consistency reinforces our expectation for a robust new resource estimate at Kabaya by year end.
In addition, shallow regional step-out drilling has also revealed 2 newly discovered areas of high perspectivity, KB3 with 3.65gpt over 4.0m & KB4 with 3gpt over 16.0m, located respectively 1.0km North and 1.5km South from the current resource footprint. It should be noted that KB4 lies on the magnetic trend that extends from Mankouke West into Kabaya over a 15km strike which has already yielding multiple high- grade intersections from earlier stage regional drilling such as our KN2 and MS2 discoveries announced over the last few months.
Nana Sangmuah, President and CEO, stated, 'Since the acquisition in
Kabaya has the potential to be a major contributor to our expected maiden resource update by the end of year. We have been very encouraged by our ability to more than triple the vertical extent of the deposit and show its robust continuity along strike. Newly discovered KB3 and KB4 zones could further expand the resource growth potential of Kabaya, and we will follow up with additional drilling in the weeks ahead.'
The Kayaba deposit has a pit-constrained mineral resource to a depth of 58m, which contains 105,000 ounces of Indicated Resource and 35,000 ounces of Inferred Resource. We have now established mineralization to a depth of 232m at KB1 which remains open.
The gold mineralization at Kabaya is associated with albite-dolomite-pyrite alteration in greywackes and diamictites of the Kofi Formation. The alteration observed in the core indicates a strong hydrothermal system commonly associated with gold deposits in
Roscan believes that the Kabaya Deposit is part of a significant structural corridor which spans from
Drilling and Analytical Protocol
Roscan uses Air Core, Reverse Circulation and Diamond types of drilling in the
The samples are sent for preparation to
Roscan applied industry-standard QA/QC procedures to the program using reference materials, blanks, standards, and duplicates.
About Roscan
Contact:
Dr.
Tel: (416) 572-2295
Email: aramcharan@Roscan.ca
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.
(C) 2021 Electronic News Publishing, source