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Enter Symbol
or Name
USA
CA



Roscan Minerals Corp
Symbol ROS
Shares Issued 47,326,075
Close 2018-05-01 C$ 0.075
Market Cap C$ 3,549,456
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Roscan investee receives Dormaa drill program approval

2018-05-02 12:27 ET - News Release

Mr. Greg Isenor reports

ROSCAN MINERALS: PELANGIO RECEIVES APPROVAL TO COMMENCE DRILLING AT THE DORMAA PROJECT

Roscan Minerals Corp. investee Pelangio Exploration Inc. has received approval from the traditional authorities and government officials 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 financing for the initial drill program and has the right to earn a 50-per-cent interest in the 86-square-kilometre 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 two parts per billion to 2,710 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 200 metres to one kilometre 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 kilometres and 7.2 kilometres.

Commentary

Gregory Isenor, president and chief executive officer of Roscan, stated: "We are pleased to see this drilling get under way. These are real anomalies located in a gold producing environment."

Qualified person

The technical content in this news release has been reviewed and approved by Mr. Isenor, PGeo, a qualified person as defined by National Instrument 43-101.

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 project in Ghana. Roscan is earning a 50-per-cent interest in the Dormaa project from Pelangio Exploration Inc.

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