#RosCan Minerals#Touba Mining#Mining#Gold exploration#west Mali#Western Africa#Mergers & acquisitions#Gold#Africa#Mineral Exploration#Acquisitions

RosCan enhances Mali gold exploration strategy

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...

Jonathan Dyble
|Jan 22|magazine4 min read

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.