RosCan enhances Mali gold exploration strategy

By Jonathan Dyble
Canadian mining firm RosCan Minerals has announced that it is set to expand its gold exploration in Western Africa, having entered into a letter of inte...

Canadian mining firm RosCan Minerals has announced that it is set to expand its gold exploration in Western Africa, having entered into a letter of intent with Touba Mining to acquire the 56 sq km Kandiole-North region in west Mali.

The specific area that RosCan is targeting for its exploration is the Birmian rocks, known to be a very prospective area with a number of producing gold mines.

See also:

“We are continuing with our strategy to acquire high potential permits in an area of multi-million-ounce gold producers and existing deposits of west Mali,” said Greg Isenor, President and CEO of RosCan. “The objective is to assemble a substantial land package applying the approach that has been successfully used by our experienced acquisition team in the past. I look forward to assembling this land package over the coming months.”

The deal will see a series of six payments made to Touba, with an aggregate of CAD$80,000 over a three-year period.

Further, RosCan is looking to acquire additional properties within Mali in the aim of strengthening its foothold in the region.

Share

Featured Articles

China increases copper import pace, following price plummet

In August, China reached a 26% rise - representing a 100,000+ tonne increase - in copper imports year-on-year, largely driven by product price drops

Ford criticises “inefficient” government mining permissions

In a letter to the US Department of the Interior, the car giant Ford has asked the American government to speed up its current mining permission process

Aggreko and Labyrinth Resources’ sustainable power project

Labyrinth Resources has been working with Aggreko to complete a virtual pipeline power project, which is designed to aid the sustainable energy transition

Despite regional ban, crypto miner Canaan doubles profits

Digital Mining

The future of all-electric sustainable mining technologies

Sustainability

Anglo American first half earnings decline 28 percent

Supply Chain & Operations