RosCan Minerals begins field exploration at Kandiole project in Mali

19 April 2018 (Last Updated April 19th, 2018 14:29)

Canadian exploration firm RosCan Minerals has commenced field exploration activities at the Kandiole project in west Mali.

Canadian exploration firm RosCan Minerals has commenced field exploration activities at the Kandiole project in west Mali.

The initiative is set to involve prospecting, mapping and sampling on the project’s four permits, namely Kandiole-West, Kandiole-North, Moussala-North and Segundo-South.

The company also intends to expand the exploration programme to include several additional permits that are expected to be acquired in the coming weeks.

"The indicators of discovery are present and our crews have the background and experience to effectively and thoroughly explore this land package."

RosCan Minerals president and CEO Gregory Isenor said: “This land package is in an area of both intense exploration activity and existing gold producers and other gold deposits.

“The indicators of discovery are present and our crews have the background and experience to effectively and thoroughly explore this land package.”

RosCan intends the exploration works to cover the entire land package via a reconnaissance programme, which is expected to enable the company to identify areas for follow-up soil and termite grid sampling activities.

The company has already identified areas of immediate interest through initial data gathering within the area.

The exploration programme is currently slated to be completed by mid-June.

RosCan previously signed an agreement to acquire a 100% interest in the Moussala-North and Segundo-South permits earlier this month, while deals for the acquisition of the other two permits were reached earlier this year.

The Kandiole project comprises approximately 164km² of contiguous land and is located in the gold prospective Birimian rocks of west Mali.