Advertisement
Canada markets closed

  • S&P/TSX

    22,011.72
    +139.76 (+0.64%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • CAD/USD

    0.7320
    -0.0000 (-0.01%)
     

  • CRUDE OIL

    83.45
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    90,533.97
    -1,158.02 (-1.26%)
     

  • CMC Crypto 200

    1,428.05
    +13.29 (+0.94%)
     

  • GOLD FUTURES

    2,336.40
    -5.70 (-0.24%)
     

  • RUSSELL 2000

    2,002.64
    +35.17 (+1.79%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • NASDAQ futures

    17,673.00
    +66.25 (+0.38%)
     

  • VOLATILITY

    15.69
    -1.25 (-7.38%)
     

  • FTSE

    8,044.81
    +20.94 (+0.26%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6836
    0.0000 (0.00%)
     

RosCan Minerals: Pelangio Receives Approval to Commence Drilling at the Dormaa Project

Newsfile Corp.
Updated

Toronto, Ontario--(Newsfile Corp. - May 2, 2018) - RosCan Minerals Corporation (TSXV: ROS) ("RosCan" or the "Company") is pleased to report that Pelangio Exploration Inc. ("Pelangio") through its ongoing engagement program with the traditional authorities and government officials has successfully resulted in Pelangio receiving approval to commence an air core and/or rotary blast drill program at the gold prospective Dormaa Project in Ghana, West Africa. The initial drill program is expected to commence in the latter part of May 2018 and consist of 1,000 to 1,250 metres of drilling over 30 to 40 holes. RosCan has provided funding for the initial drill program and has the right to earn a 50% interest in the 86 sq km concession located in the Brong Ahafo Region of Ghana.

The combined assay results from 2012 and 2017 gold-in soil geochemical programs returned values ranging from < 2 parts per billion ("ppb") to 2710 ppb. The gold responses from the 2017 geochemical program continued to show high correlation 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 property. A detailed interpretation of the soil data, defined two significant gold geochemical anomalies with lengths of 4.8 km and 7.2 km.

COMMENTARY

Gregory Isenor, President and CEO of Roscan, stated, "We are pleased to see this drilling get underway. These are real anomalies located in a gold producing environment."

ADVERTISEMENT

QUALIFIED PERSON

The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a Qualified Person as defined by NI 43-101.

ABOUT ROSCAN

RosCan Minerals Corporation is a Canadian gold exploration company focussed on the acquisition of gold properties in West Africa. The Company is currently assembling a land position of 100%-owned permits in an area of large gold deposits for its Kandiole Project in west Mali and is exploring the promising gold potential of the early exploration-stage Dormaa Project in Ghana. RosCan is earning a 50% interest in the Dormaa Project from Pelangio Exploration Inc.

For further information, please contact:

Greg Isenor
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
Email: info@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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.