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ROS Roscan Gold Corporation

0.05
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Roscan Gold Corporation TSXV:ROS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.05 0.055 0.05 0.05 0.05 60,000 00:00:00

Roscan Announces Phase I Drilling Contract With Timberline Drilling Inc.

06/04/2011 10:35pm

Marketwired Canada


THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES OF AMERICA.


Roscan Minerals Corporation ("Roscan") (TSX VENTURE:ROS) has signed a diamond
drilling contract with Timberline Drilling Inc., of Coeur d'Alene, Idaho, to
commence the phase I drill program on the Golden Mile Property located in
Mineral Country, Nevada. 


The Golden Mile Property consists of 24 mineral claims which are, in part,
subject to underlying annual lease payments and net smelter return royalties.
The claims cover approximately 154 hectares (380 acres), along the Walker Lane
Trend in Southwest Nevada. During the 1930's the property produced approximately
ten thousand tonnes of direct shipped ore grading 12 g/t (0.42 oz/t) gold with
recoverable copper and silver values. Approximately 80 air track, rotary and
reverse circulation holes have been drilled on the property by multiple
operators. There has been no diamond drilling. Almost every hole intercepted
gold mineralization in skarn, and in breccias and veins in apparent association
with structures along an intrusive margin. The drilling results includes several
high grade gold intercepts, including one intercept of 16 g/t (0.56 oz/t) gold
along 29.5 m (96.8 ft), which occur within a broad area of lower grade gold
mineralization. The historic data was compiled pre National Instrument 43-101
reporting. The proposed diamond drill program will target areas of multiple high
grade intercepts which were identified in the previous drill campaigns. The
objective will be to determine which structures host the gold, along with the
distribution and trend and trend of the mineralization in preparation for
delineating a resource.


This news release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to factors, many of which are
beyond the Company's control that may cause actual results or performance to
differ materially from those currently anticipated in such statements. Such
forward-looking statements include comments regarding acquisitions, mineral
resource statements and exploration program performance.


Shares Outstanding: 26,699,575

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