13 Apr Roscan Gold adds further land to Kandiolé Project in Mali
TSXV-listed exploration firm Roscan Gold has further expanded its land package at the Kandiolé Project in Mali by acquiring the permit to the immediate West of the Segondo West Permit.
The new permit – Bantanko East – adds 55 km2 of prospective ground to the total land package, which now stands at 401.8 km2, making Roscan one of the largest land holders in the region.
In an update to the market, the company highlighted the interpreted occurrence of a second order splay structure coming off the Senegal-Mali Shear Zone (SMSZ) and running Northeast through the Bantanko East permit.
“Second order splays from the main SMSZ have yielded several Tier 1 discoveries in the camp including B2Gold’s Fekola Mine Property, which is approximately 1.6 km away from the newly acquired land,” said Roscan president and CEO Nana Sangmuah.
“We are delighted to continue to increase our footprint in South Western Mali, a world class under-explored region,” he added. “Our vision is to become a major player in the area, while working collaboratively with the surrounding communities and Government in a sustainable manner.”
Roscan has made six distinct gold discoveries over the past 15 months across the land comprising the Kandiolé Project, and has identified multiple new prospective targets that are yet to be tested.