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Roscan Announces Phase I Drilling Contract With Timberline Drilling Inc.
Roscan Minerals Corporation ("Roscan") (News - Market indicators) 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. 
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Mots clés associés :   Cœur D'alene | Copper |

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

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Roscan Minerals Corporation
Don Whalen
Director
(416) 293-8437
(416) 293-3957 (FAX)
or
Roscan Minerals Corporation
Mark McMurdie
CFO
(416) 293-8437
(416) 293-3957 (FAX)
info@roscan.ca

Roscan Minerals Corporation

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CODE : ROS.V
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Roscan Min. est une société d’exploration minière d'argent et d'or basée au Canada.

Roscan Min. détient divers projets d'exploration au Canada et en Suede.

Ses principaux projets en exploration sont GOLDEN MILE et JOKKMOKK en Suede et CONFEDERATION LAKE au Canada.

Roscan Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 3,2 millions CA$ (2,4 millions US$, 2,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,00 CA$, et son plus bas niveau récent le 23 juin 2014 à 0,01 CA$.

Roscan Min. possède 33 766 000 actions en circulation.

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Financements de Roscan Minerals Corporation
04/10/2012Announces Closing of Private Placement
Projets de Roscan Minerals Corporation
08/04/2011(Golden Mile)Announces Phase I Drilling Contract With Timberline Drilling...
24/03/2011(Golden Mile)Announces Amendment of Option on the Golden Mile Property
Communiqués de Presse de Roscan Minerals Corporation
04/10/2012CORRECTION FROM SOURCE: Roscan Notice of Transfer to NEX Boa...
25/04/2011Announces Change in Location for Annual Meeting of Sharehold...
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TSX-V (ROS.V)
0,095-5.00%
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CA$ 0,095
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