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Roscan Minerals Corp
Symbol ROS
Shares Issued 47,026,075
Close 2017-09-05 C$ 0.08
Market Cap C$ 3,762,086
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Roscan Minerals completes sampling program at Dormaa

2017-09-06 11:11 ET - News Release

Mr. Greg Isenor reports

ROSCAN MINERALS: DORMAA GOLD PROJECT -- GEOCHEMICAL SAMPLING PROGRAM UPDATE

Roscan Minerals Corp. has provided an update on the geochemical sampling activity at the Dormaa gold project in Ghana, West Africa. Roscan is earning a 50-per-cent interest in the Dormaa gold project from Pelangio Exploration Inc.

Geochemical surveys completed on the Dormaa gold project

The recently completed infill soil and termite mound geochemical sampling program covered a nine-kilometre-by-two-kilometre area and followed up on the most prominent group of previously identified gold anomalies. The program consisted of taking almost 2,000 samples over a total of 75 lineal kilometres of the project area. All samples have been sent for assay analysis, and the results will be released once they are received, validated and compiled.

The geochemical program results, together with prior geochemical results and geological mapping, will be used to plan the next phase, consisting of air core, reverse circulation and RAB (rotary air blast) drilling as warranted. For further details about the Dormaa project and the joint venture with Pelangio, refer to Roscan's press release dated March 6, 2017.

Commentary

"I was favourably impressed with the Dormaa property and the Pelangio team," commented Roscan president Greg Isenor, following his first site inspection since his appointment as president. "I had the opportunity to inspect both the overall property area as well as the substantial gold anomalies that are of immediate interest. I reviewed a detailed report on all the exploration results to date as well as the plans for future drill programs on the identified targets, and I'm eagerly looking forward to the future drilling results.

"In addition to the Dormaa project, Roscan is also evaluating further high-potential projects in Ghana and other areas of West Africa. During my stay in the region, I renewed acquaintances with other gold companies, had a number of meetings with government officials and met with private exploration permit owners. We are currently reviewing a growing list of potential gold projects for possible acquisition and joint venture. As with the other West African gold-producing countries, Ghana also has extensive exploration potential. Given the favourable geology, the potential for new gold discoveries is substantial and presents Roscan with a clear opportunity for accretive acquisitions.

"I am very excited to be working in West Africa, and I look forward to building Roscan into a successful West African gold company."

About the Dormaa gold project

In November, 2016, Roscan acquired an option to earn a 50-per-cent interest in the 86.44-square-kilometre Dormaa project, an early-stage gold exploration project located in western Ghana, for $160,000 cash and $2-million of exploration expenditures over three years.

The Dormaa project is underlain by Birimian metavolcanic and metasediment units of the Sunyani basin, which is parallel to the prolific Sefwi-Bibiani belt -- host to Newmont's Ahafo and Kinross's Chirano gold deposits. The geology of southwestern Ghana is dominated by Birimian supergroup sedimentary and volcanic rocks. The Birimiam of the Dormaa region is characterized by hydrothermal deposits associated with northwest-southeast-trending shear zones. The region represents one of the most significant Proterozic greenstone gold belts in the world hosting a number of significant deposits.

Newly released satellite imagery indicates that extensive unregulated artisanal and mechanized alluvial mining operations have been operating in the drainage systems in the eastern portion of the Dormaa permit area. These alluvial operations appear to be sourced by large gold-in-soil anomalies on or around the Dormaa permit.

Between 2011 and 2013, broad-spaced geochemical sampling over the entire property area, followed by closer-spaced sampling over the northern one-third of the property area, revealed 21 significant gold-in-soil anomalies, with the largest measuring up to four kilometres long and 500 metres wide.

Qualified person

The technical content of this press release has been reviewed and approved by Mr. Isenor, a qualified person as defined in National Instrument 43-101, and Warren Bates, PGeo, who is also a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release.

About Roscan Minerals Corp.

Roscan is a Canadian gold exploration company focused on the acquisition of gold properties in West Africa. The company is currently exploring the promising gold potential of the early-exploration-stage Dormaa gold project in Ghana.

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