Projects

Acquisition of Komet Mali SARL

  • On July 3, 2020, ROSCAN completed its acquisition of all the issued and outstanding shares of Komet Mali SARL from Komet Resources Inc.  Following the acquisition, Komet Mali became a wholly owned subsidiary of Roscan Mali SARL, a wholly owned subsidiary of ROSCAN
  • Komet Mali owns the Dabia South Project, located in Dabia Sud, Mali, which adds 35km2 of gold-bearing and highly prospective exploration ground, strategically located between ROSCAN’s Kandiole Project and Oklo’s Dandoko Project
  • The Dabia Sud exploration permit is located in the Kayes Region and the district of Kenieba in the western part of Mali, adjoining to Roscan property. 

Main Areas of Focus

Dabia Sud consists of 3 key exploration targets as shown below:

1. Kabaya Project

The Kabaya deposit has an “historical estimate” (see Press Releases dated May 11 and June 17, 2020) that is pit-constrained with 105,000 ounces of Indicated Resource and 35,000 ounces of Inferred Resource which has been drilled to an average depth of 80m, and the deposit remains open at depth.

Location Map of Dabia Sud Property with Roscan and Oklo Resources

The Kabaya historical estimate is based on optimized pit shells using a gold price of US$1,350 and a presumed heap leach gold recovery of saprolite material.

Classification 

Tonnage (Mt)

Au (g/t)

Ounces (koz)

Indicated

3.17

1.03

105

Inferred 

0.96

1.14

35

Pit Constraint Historical Estimate (Source Komet’s NI43-101)

 

1.    Effective date for resources is January 7, 2019. (Source Komet’s NI 43-101)
        2.    The independent QP for this resource estimate is Yann Camus, Eng., SGS Canada Inc.
        3.    The mineral Resources are presented at a 0.4 g/t Au cut-off grade in pits.
        4.    The resources are presented without dilution.
        5.    Whittle pits have been utilized based on a gold value of US$1,350/oz.
        6.    Mineral resources that are not mineral reserves do not have demonstrated economic viability.
        7.    No economic evaluation of the resources has been produced.
        8.    This Resource Estimate has been prepared in accorance with CIM definitiion (2014).
        9.    Density used is of 1.7 based on measurements and similiar projects.
        10.  Capping grade is of 30 g/t Au on original assays.

Based on the Disclosure of Historical Estimate of NI 43-101, Section 2.4
 
       a)   The source is Komet’s NI 43-101 that is effective January 7, 2019;
        b)   We consider the reliability and relevance to be reasonable;
        c)   The key assumptions are listed above (1-10);
        d)   The categories are similar (the historical estimate was prepared using CIM definitions);
        e)   There are no recent estimates;
        f)   The QP needs to complete due diligence to verify the historical estimate;
        g)   The qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and
        h)   The issuer is not treating the historical estimate as current mineral resources or mineral reserves. 
   

 

2. Walia and Disse Targets

In the period 1997-2000, Ashanti Mali SA performed permit scale soil geochemistry surveys. In 2007, Robex repeated the permit scale soil sampling program and identified the Kabaya, Disse and Walia gold zones. 

In 2007, Robex completed 5 trenches on the Walia gold target which are located on the northern portion of the property. The 5 trenches accounts for 777 meters of sampling. Based on the geochemistry it is noted that some of the greater than 250ppb gold results would warrant follow-up.

 

Greg P. Isenor, P.Geo., Executive Vice-Chairman, is the Company’s Qualified Person
and has reviewed and approved the technical disclosure on this website