RosCan Minerals Corporation
RosCan Minerals Corporation
- ISIN: CA7768211004
- Land: .
Nachricht vom 15.08.2018 | 23:30
RosCan Minerals Provides Update on Dormaa Project - Ghana and Kandiole Project - Mali, West Africa
DGAP-News: RosCan Minerals Corporation / Key word(s): Miscellaneous
Toronto, Ontario--(Newsfile Corp. - August 15, 2018) - RosCan Minerals Corporation (TSXV: ROS) ('RosCan' or the 'Company') announces results from Air Core ('AC') drilling carried out on the Dormaa Property, Ghana, West Africa, in which RosCan has an option to earn a 50% interest.
Exploration Update — Ghana
RosCan has the right to earn a 50% interest in the 86 km2 concession, located in the Brong Ahafo Region of Ghana, by paying a total of $260,000, ($10,000 of which has been paid) and funding a total of $2,000,000 of exploration to be completed by Pelangio, ($300,000 of which has been spent). RosCan has elected to discontinue the option on the Dormaa property to allow greater focus on its core project, the Kandiolé Project in Mali. As a result, 100% interest in the property will revert to Pelangio.
Details of the Drilling Program:
A total of 1332 samples were submitted to Intertek Labs in Tarkwa, Ghana, for fire assay gold analysis on 50-gram pulps.
The initial results revealed a total of 31 intercepts of gold mineralization greater than 0.1g/t within five of the six target areas. Of these results, Hole DOAC18-10 recorded 1.2g/t as the highest grade of the entire drilling program within the interval 20-21.5m. Hole DOAC18-07 recorded 0.69g/t from 17-18.5m. These results were well below expectation, hence, a limited re-sampling of the AC samples was carried out and analyzed at the ALS lab in Kumasi, Ghana, for gold using Screen Fire Assay.
Re-Sampling for Screen Fire Assay Analysis
Quality Assurance/Quality Control for Dormaa Sample Assaying
Sample intervals for the AC drilling were 1.5m, with samples being split from a cyclone exhaust and weighed. A sample in return was split from the primary sample with a riffle splitter to obtain an average 2.5 kilogram sample for assay. A sample of chips was extracted from the primary sample with a sieve and water and put in a chip tray with the interval marked on the chip tray. Field logging were aided with hand lens. The 2.5 kilogram sample for assay is placed into sealed bags securely stored at the site until it was shipped to Intertek Minerals Limited (Intertek), laboratory in Tarkwa, Ghana. The AC samples were dried and pulverized to 75 microns by Intertek and a 150 gram pulp was prepared from the pulverized material. Intertek conducted routine gold analysis using a 50 gram charge and fire assaying with atomic absorption ('AAS') finish. Quality control procedures included the systematic insertion of blanks, duplicates and Certified Reference Materials ('CRM') into the sample stream at the rate of one per every 20 samples. In addition, Intertek inserted one preparation blank and a CRM every 20 samples and ran one duplicate analysis every 20 samples.
The Screen Assay Procedure — ALS Labs for Dormaa Sample Assaying
In the fire assay procedure, the sample is fused with a mixture of lead oxide, sodium carbonate, borax, silica and other reagents as required in order to produce a lead button. The lead button containing the precious metals is cupelled to remove the lead and the resulting precious metal bead is parted in dilute nitric acid, annealed and weighed to determine the gold content.
The gold values for both the +100 and -100 micron fractions are reported together with the weight of each fraction as well as the calculated total gold content of the sample.'
Exploration Update — Mali
Additional permits are currently being evaluated and considered for acquisition.
For further information, please contact:
Forward Looking Statements
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.
Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/38116
|Company:||RosCan Minerals Corporation|
|End of News||DGAP News Service|
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