RosCan Gold Corp. is pleased to report on bottle roll test work recently completed on crushed rejects of diamond drill samples from the Mankouke South Target. Test work has been completed at ALS Laboratory in Ouagadougou, Burkina Faso in August 2020 and recorded an overall metallurgical recovery of 90% from 139 samples . The preliminary test work in 2020 was focused on defining the cyanide recoveries that are expected [...]
RosCan Gold Corp. announces that the Company is closely monitoring the political situation in Mali as it unfolds. Our top priority is the health and safety of our employees, their families and the local communities near where we work in West Mali. Additionally, the Company has added a fifth drill rig to its exploration program. The Exploration Program has not been affected and the Company continues drilling as normal. The [...]
RosCan Gold Corp. is pleased to announce positive diamond drill results from an additional 20 holes totaling 3,788 meters at its Mankouke South Target. DDMan-20-54 intersected 6.15 gpt over 46.5m from 118.5m, which has increased the width of the mineralized zone to 125m. Hole DDMan-20-61 intersected 2.76 gpt over 6m including 9.55 gpt over 1m in Fresh Rock and increases vertical depth of mineralization to 173m . The [...]
RosCan Gold Corp. is pleased to announce that, further to the Company's news release of April 24, 2020, the Company has received additional proceeds of $3,382,665 from the exercise of an additional 20,729,185 warrants. During 2020, the Company has received total proceeds of $5,986,663 from the exercise of warrants. An additional 56.7 million warrants that are in-the-money remain outstanding, which, if exercised, would [...]
RosCan Gold Corp. is pleased to announce the completion of its previously announced acquisition of all of the issued and outstanding shares of Komet Mali SARL from Komet Resources Inc. pursuant to a share purchase agreement dated June 15, 2020, among Roscan, Komet and Komet Mali . Komet Mali owns the Dabia South Project, located in Dabia Sud, Mali, comprising 35km2 of concessions with promising gold exploration potential [...]
RosCan Gold Corp. is pleased to announce positive diamond drill results from an additional 10 holes totaling 1,855 metres at its Mankouke South Target. Drill hole DDMan-20-41 intersected a high-grade interval in fresh rock of 14m @ 1.79gpt gold . The regional upside potential of the Kandiole Project, outside Mankouke South, is considerable with 7 key targets. Initial drilling at Kandiole prospect , provides strong impetus [...]
RosCan Gold Corp. is pleased to announce that it has signed a Definitive Agreement with Komet Resources to purchase its wholly owned subsidiary Komet Mali SARL , which owns the Dabia Sud Gold Property. Roscan expects to close the Acquisition by end of June 2020. . President and CEO Nana Sangmuah stated, "We are now one step closer to the acquisition of this exciting project from Komet Mali. Our goal is to immediately [...]
RosCan Gold Corp. is pleased to announce that it has closed its previously announced marketed private placement financing, for aggregate gross proceeds of C$7,500,000 at a price of C$0.32 per common share. Pursuant to the Offering, the Company issued 23,437,500 common shares in the capital of the Company . The Offering was led by Clarus Securities Inc. and Canaccord Genuity Corp., and included Stifel Nicolaus Canada Inc [...]
RosCan Gold Corp. is pleased to announce that it has entered into a binding Letter of Intent pursuant to which it will, through its wholly owned Malian subsidiary, acquire 100% of the issued and outstanding shares of Komet Mali SARL, a wholly owned subsidiary of Komet Resources Inc. Komet Mali SARL owns the Dabia Sud Project, including 35km2 of concessions with highly prospective exploration potential directly adjoining [...]
RosCan Gold Corp. is pleased to announce that due to investor demand in connection with its previously announced marketed private placement, the Company and a syndicate of agents led by Clarus Securities Inc. and Canaccord Genuity Corp. have agreed to increase the size of the previously announced offering to C$7,500,000 at a price of C$0.32 per Share . The proceeds raised from the Offering will be used by the Company for [...]
RosCan Gold Corp. is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Canaccord Genuity Corp. , whereby the Co-Lead Agents will raise up to C$5,000,000 through an Offering of up to 15,625,000 shares of the Company to be priced at C$0.32 per Common Share. The proceeds raised from the Offering will be used by the Company for exploration and development of the Company’s mineral [...]
RosCan Gold Corp. is pleased to announce depth continuity in mineralization and positive diamond drill results from an additional 4 holes totaling 771 metres at its Mankouke South Target. The drill program has extended the depth of the Southern Mankouke Target from 80m in February 2020 to 120m in mid-April 2020 and to 155m currently . Additionally, drillhole DDMan-20-31 depicts the depth potential to the North. The high [...]