On November 7, 2016, RosCan entered into an option and joint venture agreement (the “Option Agreement”) with Pelangio Exploration Inc. “(Pelangio”), RosCan has the right to earn a 50% interest in the Dormaa Project of Ghana by paying a total of $260,000 and funding a total of $2,000,000 of exploration to be completed by Pelangio.


The Dormaa Project is a single concession of approximately 86.44 sq km and is located in the Ahafo Ano District of the Ashanti and Brong-Ahafo Regions of the Republic of Ghana. It is located in proximity to the Sefwi-Bibiani Belt, one of the most significant Proterozoic greenstone gold belts in the world, which is host to Newmont’s Ahafo and Kinross’ Chirano gold mines.

Pelangio has reported that work on the Dormaa Project to date included stream sediment surveys into the secondary and tertiary drainages in the licensed area; soil sampling using the BLEG technique on an 800 metre by 100 metre grid; and follow-up, closer-spaced, soil surveys of 400 metres by 50 metres and 100 metres by 25 metres grid on the northern half of the Dormaa Project area, which identified thirteen gold-in-soil anomalies.


In addition, Pelangio reported that eight significant anomalies, ranging in size from 800 metres by 100 metres up to 4 kilometres long and 500 metres wide were identified in the southern half of the Dormaa Project area and that a 20 sq km follow-up geochemical program, is recommended for this region. As well, Pelangio reported that recent satellite imagery indicates that substantial unregulated artisanal and mechanized alluvial operations were carried out during 2014-2015 in areas surrounding the Dormaa Project, and that gold-in-soil anomalies on the Dormaa Project may be the source of the alluvial deposits giving rise to these operations. RosCan has not verified the foregoing historical information about the Dormaa Project.

Based on a preliminary work plan approved by RosCan and Pelangio, expenditures of approximately $300,000 are planned for expanded gold-in-soil geochemical surveys, prospecting, and approximately 3,000 metres of reverse circulation and air core or rotary air blast drilling. This program is designed to follow up on the large gold-in-soil anomalies on the property.


Pelangio has also reported that the combined assay results from 2012 and 2017 for gold-in soil geochemical programs returned gold-in soil values ranging from < 2 parts per billion (“ppb”) to 2710 ppb. The gold responses from the 2017 geochemical program continued to show high coherence with initial anomalies established in the 2012 geochemical program. The soil program covering the entire property identified about 20 anomalies from 200m to one (1) km in length. A significant number of these anomalies are located in the western portion of the Dormaa Project. A detailed interpretation of the soil data, defined two significant gold geochemical anomalies with lengths of 4.8 km and 7.2 km.

With the endorsement of the communities, Pelangio will begin preparation and mobilization of Grasshopper drill rig to the Dormaa Project, for the commencement of the 1,000 to 1,250 metre drill program comprising 30 to 40 holes of air core drilling. Drilling is expected to commence in the latter part of May. 

​​​​GHANA

Roscan has interests in two properties in West Africa.  The Kandiole Project in West Mali, and the Dormaa Property in Ghana

Kandiole Project, Mali West Africa

RosCan is continuing with its strategy to acquire high potential permits in an area of multi-million ounce gold producers and existing deposits of west Mali. Our objective is to assemble a substantial land package applying the approach that has been successfully used by our experienced acquisition team in the past.

The Kandiole Project is comprised of five permits of contiguous land located in the Birimian Rocks of West Mali and located east of B2Gold's Fekola mine and Iamgold's, Boto and Diakha deposits and north of the Siribaya deposit. The five permits are:

  • Kandiole-North (acquired Jan 2018)
  • Kandiole-West (acquired March 2018)
  • Segando-South (acquired April 2018)
  • Mousala-North (acquired April 2018)
  • Niala (acquired May 2018)


Dormaa Property

Project Maps - Kandiole Project

Kandiole regional deposit map

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Sefwi-Bibiani Belts, Wet Africa.

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Dormaa Project, Ghana West Africa

Mankouké Compilation Geology map

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Work Program

The Dormaa Project is an early stage exploration project with indications of potential for economic gold mineralization.

Kandiole land position

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Project Maps - Dormaa Project

MALI

Sefwi-Bibiani Geological Belts

The exploration team is led by RosCan's CEO, Gregory Isenor, P.Geo, who has brought together his experienced West African exploration team consisting of Jean-Marc Gagnon, P.Eng, MBA with 20 years of experience in West Africa and Touba Mining SARL. This team has worked together for almost 15 years and is highly experienced and successful in working in this area and the geological environment. ​

With the acquisition of these permits, RosCan's Kandiole Project will consist of approximately 227 sq km of contiguous land located in the prolific gold prospective Birimian Rocks of West Mali. RosCan's initial compilation of technical information for the Kandiole Project has identified several areas of immediate interest. 

Kandiole Property

RosCan is currently in the process of assembling a sizeable land package in the Birimian Rocks of West Mali, the most productive greenstone gold belts on the continent. To establish its foothold, RosCan has:

  • entered into two letters of intent with Touba Mining SARL to acquire a 100% interest in the 56 sq km Kandiole-North permit and the 27 sq km Kandiole-West permit;
  • entered into an Option Agreement with K. L. Mining SARL and K.A Gold Mining SARL to acquire a 100% interest in the 65 sq km Segando-South and the 32 sq km Moussala-North permits; and
  • entered into an Option Agreement with SOLF SARL to acquire 100% interest in the 75 sq km Niala Permit.

Results for both the soil and the termite sampling are presented on Map #1 below. 

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