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Roscan (ROS.V) Expands Gold Zone at Mankouke and Makes a New Discovery at Its Kandiole Project in Western Mali

Jon Phillip

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Bedford, Nova Scotia–(Newsfile Corp. – July 22, 2019) – Roscan Gold Corporation (TSXV: ROS) (“Roscan” or the “Company”) is pleased to announce the positive assay results from both its diamond drilling and air core (AC) drilling programs at its Kandiole Project in Mali, West Africa. This drilling program was completed during April to July of 2019 and was designed to test both the north and south extensions of the Mankouke gold discovery zone and many other strong termite and soil, gold anomalies.

[Report] Gold Prices Have Investors Scrambling & Analysts Clamoring For Junior Gold Stocks

The Mankouke gold discovery has been shown, by detailed drilling, to have a strike length of at least 500 metres. In addition, the recent very impressive AC drilling assay results at the southern end of the Mankouke permit, as shown in Figure 1, supports the existence of a 7-kilometer long mineralization target corridor associated with the Mankouke discovery.

Highlights:

In hole ACMan 19-1675.86 g/t Au over 26.0 m (incl. 9.44 g/t Au over 10.0 m)
In hole ACMan 19-1683.74 g/t Au over 30.0 m (incl. 6.73 g/t Au over 6.0 m)
In hole DDH 19-048.63 g/t Au over 10.0 m (incl. 11.48 g/t Au over 7.0 m)
In hole DDH 19-036.53 g/t Au over 5.0 m (incl. 10.09 g/t Au over 3.0 m)
In hole DDH 19-035.56 g/t Au over 3.0 m (incl. 7.14 g/t Au over 2.0 m)
In hole DDH 19-083.45 g/t Au over 10.0 m (incl. 6.76 g/t Au over 3.0 m)

Note: True widths cannot be determined with the information available

A summary of all assay results is presented in Table 1.

COMMENTARY

Greg Isenor, President and CEO of Roscan Gold, stated: “We are continuing to show that we have an excellent new gold discovery at Mankouke that appears to have strike and depth continuity. Our land package has great potential and we are extremely encouraged by the hits we are seeing on the Mankouke permit. There are many assays yet to be received and these will be available in the coming weeks. We are extremely pleased our approach to exploration in this area has been successful. Additional drilling is part of an obvious next step.

The drilling around the Mankouke discovery shows that a strong mineralization system exists and is” alive”. This is not supergene mineralization. We have drilled 19 core holes and have received results for 11 and have significant assays in 8 of the 11 holes. We are waiting for results for both AC and DDH on the north extension of the trend. (See fig 2). Deeper holes are planned when we return to drilling after the rain season. The drilling season is over for a few months, however many results yet to be received. We have the funds to continue drilling after the seasonal rains (July to October). In addition, the excellent AC results we received in the south of the Mankouke permit (see fig 1) will be followed up as soon as possible.

DRILLING PROGRAM

The drilling was carried out during the period May to July with two rigs, one air core drilling rig and one multi-purpose diamond drilling rig. The diamond drilling was completed in the Mankouke discovery zone area and designed to test for extensions to the zone. The drilling program has been suspended until the end of the rainy season. At this point in the drilling program, there has been 19 diamond drill holes completed for a total of 2,017 meters. Assay results have not been received for eight diamond drill holes. See Figure 2.

A total of 607 AC holes were drilled for a total meterage of 28,037 metres. Approximately 60% of the assays of the AC drilling have been received. The AC drilling covered the entire land package with testing the most important termite anomalies. Lines of AC holes were drilled across the target areas generally in an east-west direction and drilled at -50 degrees to the west to a depth of 45 to 60 metres in a heel to toe fashion. AC drilling is used to sample unconsolidated ground with compressed air used to remove the cuttings from the hole. During the Kandiole drilling program, 2 metres long samples were collected. For each 2 metre intersection an ~2-kilogram sample was collected and sent to the laboratory. A check sample of approximately 5 kilograms was collected for possible future tests.

INTREPRETATION

The gold mineralization intersected to date in the Mankouke Zone is hosted in breccia zones which are interbedded with saprolitic metasediments. Recent core holes have intersected gold mineralized breccia (8.63 g/t Au over 10 metres from 79.1 metres to 89.1 metres along the drill hole) at a vertical depth of 60 metres. This drilling indicates that the initially reported gold discovery (News Release January 24, 2019) has “roots” and is not near surface enrichment (supergene). This drilling information clearly shows the potential at depth in this area and identifies that this is typical Birimian, hydrothermal-type gold mineralization.

Additional interpretation will be completed when all data is available.

PLANS

Remaining assays will be received and processed during the rainy season. It is expected that drilling will resume as early as mid-October and will primarily consist of both diamond drilling, to test for both the extensions of the Mankouke gold discovery, and, to test significant AC intersections identified in other areas of the property. In addition, AC drilling will be continued to test the remaining, untested termite and gold soil anomalies.

QUALIFIED PERSON AND SAMPLE PROTOCOL

The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a Qualified Person as defined by NI 43-101.

For quality control, duplicated samples were systematically collected in the field, and blank samples were inserted in the sample batches sent to the laboratory. Before their transportation, the samples were stored in a Roscan secured location in the field. Batches of samples were transported by truck, driven by Roscan contractors, to the Bureau Veritas laboratory sample preparation installation of in Bamako; prepared samples were then shipped by Bureau Veritas to their treatment installation at Abidjan, Ivory Coast. During the assay process, the laboratory applied its own quality controls with blanks, duplicates and standard samples. The assay method was atomic absorption (AA) with pre-concentration by fire assay (FA); the detection limit of the method is of 5 ppb.

ABOUT ROSCAN

Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:
Greg Isenor
President and Chief Executive Officer
Tel: (902) 832-5555
Email: gpisenor@Roscan.ca

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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

Table 1

SIGNIFICANT ASSAY RESULTS
AIR CORE DRILLING PROGAM 2019

Hole #Line #FROM
(m)
TO
(m)
INTERSECTION
(g/t Au)/m
ACKaN-19-06S 1383715 N2.0
8.0
16.0
30.0
4.0
10.0
18.0
32.0
0.68 g/t Au over 2.0 m
1.05 g/t Au over 2.0 m
0.71 g/t Au over 2.0 m
0.72 g/t Au over 2.0 m
ACMan-19-47S 1379900 N30.032.00.56 g/t Au over 2.0 m
ACMan-19-48S 1379900 N12.014.00.62 g/t Au over 2.0 m
ACMan-19-49S 1379900 N16.022.00.49 g/t Au over 6.0 m
ACMan-19-51


S 1379900 N


2.0
10.0
26.0
4.0
16.0
28.0
1.92 g/t Au over 2.0 m
1.46 g/t Au over 6.0 m

1.34 g/t Au over 2.0 m
ACMan-19-74S 1382160 N34.036.00.51 g/t Au over 2.0 m
ACMan-19-84

S 1380600 N

30.0
46.0
40.0
48.0
1.24 g/t Au over 10.0 m
0.53 g/t Au over 2.0 m
ACMan-19-85S 1380600 N38.044.02.44 g/t Au over 6.0 m
ACMan-19-86

S 1380600 N

12.0
26.0
14.0
30.0
3.10 g/t Au over 2.0 m
4.29 g/t Au over 4.0 m
ACMan-19-88S 1380650 N14.016.03.75 g/t Au over 2.0 m
ACMan-19-89S 1380650 N42.044.00.79 g/t Au over 2.0 m
ACMan-19-90S 1380650 N16.018.02.18 g/t Au over 2.0 m
ACMan-19-155S 1382350 N18.020.02.15 g/t Au over 2.0 m
ACMan-19-163S 1375850 N36.042.01.24 g/t Au over 6.0 m
ACMan-19-165

S 1375850 N

6.0
20.0
10.0
22.0
0.91 g/t Au over 4.0 m
2.37 g/t Au over 2.0 m
ACMan-19-166


S 1375850 N


6.0
30.0
44.0
24.0
34.0
50.0
1.40 g/t Au over 18.0 m
8.14 g/t Au over 4.0 m
6.13 g/t Au over 6.0 m
ACMan-19-167

S 1375850 N




4.0
6.0
24.0
28.0
34.0
20.0
8.0
50.0
30.0
44.0
4.50 g/t Au over 16.0 m
Inc. 23.00 g/t Au over 2.0 m
5.86 g/t Au over 26.0 m
Inc. 10.20 g/t Au over 2.0 m
Inc. 9.44 g/t Au over 10.0 m
ACMan-19-168




S 1375850 N




4.0
10.0
20.0
26.0
46.0
14.0
12.0
50.0
32.0
50.0
3.00 g/t Au over 10.0 m
Inc. 10.60 g/t Au over 2.0 m
3.74 g/t Au over 30.0 m
Inc. 6.73 g/t Au over 6.0 m
Inc. 9.19 g/t Au over 4.0 m
ACMan-19-169



S 1375850 N



0.0
8.0
38.0
38.0
2.0
16.0
50.0
42.0
0.54 g/t Au over 2.0 m
1.34 g/t Au over 8.0 m
3.23 g/t Au over 12.0 m
Inc. 5.92 g/t Au over 4.0 m
ACMan-19-170


S 1375850 N


10.0
10.0
22.0
36.00
12.0
26.0
2.76 g/t Au over 26.0 m
Inc. 6.76 g/t Au over 2.0 m
Inc. 8.74 g/t Au over 4.0 m
ACMan-19-171S 1375850 N6.08.00.64 g/t Au over 2.0 m
ACMan-19-181S 1377200 N4.06.01.31 g/t Au over 2.0 m
ACMan-19-189S 1377200 N26.028.01.01 g/t Au over 2.0 m
ACMan-19-196S 1377200 N4.06.01.59 g/t Au over 2.0 m
ACMan-19-200S 1377420 N22.024.02.10 g/t Au over 2.0 m
ACMan-19-217

S 1377420 N

6.0
16.0
12.0
18.0
1.00 g/t Au over 6.0 m
0.99 g/t Au over 2.0 m
ACMan-19-229S 1378200 N24.026.00.65 g/t Au over 2.0 m
ACMou-19-01S 1398350 N0.02.01.33 g/t Au over 2.0 m
ACMou-19-03

S 1398350 N

12.0
38.0
16.0
40.0
0.81 g/t Au over 4.0 m
0.54 g/t Au over 2.0 m
ACMou-19-08S 1398080 N26.028.00.79 g/t Au over 2.0 m
ACMou-19-10


S 1397290 N


6.0
38.0
42.0
8.0
44.0
44.0
0.52 g/t Au over 2.0 m
3.82 g/t Au over 6.0 m
Inc. 8.46 g/t Au over 2.0 m
ACNia-19-04S 1380260 N20.022.00.64 g/t Au over 2.0 m

Note 1: This table includes all the mineralized intersections with a grade > 0.50 g/t Au; these intersections are considered as significant intersections.

Note 2: Intersections in bold refer to intersections with a grade > 0.50 g/t Au, and a length > 2.0.

Note 3: True widths cannot be determined with the information available.

DIAMOND DRILLING PROGRAM 2019

Hole #Line #FROM
(m)
TO
(m)
INTERSECTION
(g/t Au)/m
DDHMan-19-011380500 N35.0
47.0
39.0
48.0
1.04 g/t Au over 4.0 m
1.97 g/t Au over 1.0 m
DDHMan-19-021380500 N75.177.10.99 g/t Au over 2.0 m
DDHMan-19-031380550 N54.1
54.1
60.1
60.1
71.1
72.1
89.1
57.1
56.1
62.1
61.1
76.1
75.1
90.0
5.56 g/t Au over 3.0 m
Inc. 7.14 g/t Au over 2.0 m
6.48 g/t Au over 2.0 m
Inc. 8.98 g/t Au over 1.0 m
6.53 g/t Au over 5.0 m
Inc. 10.09 g/t Au over 3.0 m
2.60 g/t Au over 0.9 m
DDHMan-19-041380550 N27.1
68.1
79.1
79.1
28.1
72.1
89.1
86.1
1.69 g/t Au over 1.0 m
0.80 g/t Au over 4.0 m
8.63 g/t Au over 10.0 m

Inc. 11.48 g/t Au over 7.0 m
DDHMan-19-051380450 N48.1
51.1
49.1
52.1
1.30 g/t Au over 1.0 m
0.73 g/t Au over 1.0 m
DDHMan-19-071380500 N16.1
28.1
28.1
38.1
17.1
30.1
29.1
39.1
0.71 g/t Au over 1.0 m
14.88 g/t Au over 1.6 m
Inc. 34.00 g/t Au over 0.6 m
0.58 g/t Au over 1.0 m
DDHMan-19-081380600 N11.1
32.1
66.1
73.1
85.1
12.1
33.1
76.1
76.1
86.1
1.07 g/t Au over 1.0 m
12.70 g/t Au over 1.0 m
3.45 g/t Au over 10.0 m
Inc. 6.76 g/t Au over 3.0 m
6.29 g/t Au over 1.0 m
DDHMan-19-121380600 N104.0105.01.07 g/t Au over 1.0 m
DDHMan-19-131380600 N31.0
36.0
41.0
55.0
55.0
74.0
82.0
32.0
37.0
42.0
57.0
56.0
75.0
83.0
0.75 g/t Au over 1.0 m
1.10 g/t Au over 1.0 m
0.64 g/t Au over 1.0 m
4.16 g/t Au over 2.0 m
Inc. 7.81 g/t Au over 1.0 m
0.56 g/t Au over 1.0 m
1.51 g/t Au over 1.0 m

Note 1: This table includes all the mineralized intersections with a grade > 0.50 g/t Au; these intersections are considered as significant intersections.

Note 2: Intersections in bold refer to intersections with a grade > 0.50 g/t Au, and a length > 2.0.

Note 3: True widths cannot be determined with the information available.Cannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/ea5917b2bb71d8cd5cb3d04eb3e0b297More

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4821/46368_b01c8377e4b94ae8_001full.jpgCannot view this image? Visit: https://media.zenfs.com/en-us/newsfile_64/35ccfc69eef57cdc1b5b20a061166663More

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4821/46368_b01c8377e4b94ae8_002full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46368

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Stock Price Newsletter – November 21, 2019

Joe Samuel

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Is The Entertainment Streaming Market Ready For Its Next Move?

As many experts have pointed out, the end of 2019 is going to see the commencement of the ‘streaming wars’ as more and more companies enter the OTT market to challenge the supremacy of Netflix Inc (NASDAQ: NFLX). The launch of the streaming service Disney Plus last week formally launched the streaming wars.

Click Here To Read More


Biotech Names To Know In November 2019

Over the years, the biotech sector has become one of the fastest-growing sectors in the stock market and naturally, investors are keen to get hold of stocks that could follow a similar growth trajectory. However, just because a sector is growing does not mean that an investor can bet on any stock and hope to make decent returns.


3 Defense Stocks to Watch in November

Over the years it has become abundantly clear that defense spending is going to rise every year and hence, defense stocks have naturally emerged as some of the safest investments in the market. However, the current unstable geopolitical situation in different corners of the world could lead to even more defense spending, if a Bank of America analyst is to be believed.

See For Yourself

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Biotechnology

Biotech Names To Know In November 2019

A. Lawrence

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Biotech Stocks Have rallied since The End Of September; What’s Next?

Over the years, the biotech sector has become one of the fastest-growing sectors in the stock market and naturally, investors are keen to get hold of stocks that could follow a similar growth trajectory. However, just because a sector is growing does not mean that an investor can bet on any stock and hope to make decent returns.

In order to choose the right stock, he needs to do a lot of personal research and watch the market closely. Here is a look at three biotech stocks that investors should track closely owing to recent developments.

Sernova Corp’s (TSX:SVA) (OTC:SEOVF)

Sernova’s therapeutic approach to regenerative medicine focuses on providing direct cell therapies where the cells, transplanted within an organ-like vascularized implantable device, generates proteins, hormones or factors released into the bloodstream for treatment of diseases requiring replacement of these molecules in the body.

The company’s Cell Pouch is a novel, proprietary, scalable, implantable macro-encapsulation device designed for the long- term survival and function of therapeutic cells. At the end of October Sernova Corp. (SVA) (SEOVF) detected enduring levels of C-peptide in the bloodstream of a fasting patient in its continuing phase I/II Cell Pouch United States clinical study of type-1 diabetes. This C-peptide is a biomarker of transplanted beta-cell insulin production,

Why is this important? According to Dr. Piotr Witkowski, Director of Pancreatic, and Islet Transplant Program at the University of Chicago, “Along with the preliminary safety and early indicators of efficacy, I am excited that we are observing C-peptide levels in the patient’s bloodstream after recent transplant, not only following stimulation with a meal but also when the patient is fasting. These findings represent progress in clinical outcomes and evidence of enduring islet survival and function within Sernova’s Cell Pouch.”

Read This Full Press Release Here

Genprex (GNPX)

The first one to put in the watch list is that of Genprex Inc (NASDAQ:GNPX). On Tuesday, the company revealed preclinical data from its study of its product TUSC2 immunogene therapy. The product in question is meant for raising the effectiveness of chemotherapy and anti-PD1 in people suffering from metastatic lung cancers.

The data proved to be positive and that has naturally resulted in a rally in the stock. It is a significant development for Genprex and could potentially help the company in cornering an important portion of the gene therapy market. Hence, it is hardly a surprise that the stock has rallied by as much as 60% after hitting a session’s high of $1.09.

 Can Fite Biopharma (CANF)

The other biotech stock that has made a strong move is the Can Fite Biopharma (NYSE:CANF) stock. The biotech company announced this morning that one of its products, which is meant for the treatment of liver diseases and cancer, has been granted a patent as a sexual dysfunction medicine.

The patents have been granted by the relevant authorities in Canada, Israel, and South Korea. In addition to that, the company has also been awarded patents in Japan, China, United States, Australia, and Hong Kong. It is a highly important development for Can-Fite and it was no surprise when the stock rallied this morning. It has rallied by 3% on Tuesday on the back of the news.

top biotech stocks to watch list

Disclaimer: Pursuant to an agreement between Midam Ventures LLC and Sernova (TSX:SVA) (OTC:SEOVF), Midam has been paid $350,000 for a period from September 23, 2019 to September 22, 2020. We may buy or sell additional shares of Sernova (TSX:SVA) (OTC:SEOVF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Sernova (TSX:SVA) (OTC:SEOVF). Click Here For Full Disclaimer.

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Entertainment

Is The Entertainment Streaming Market Ready For Its Next Move?

A. Lawrence

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streaming wars netflix apple hulu disney

New Streaming Options Have Opened A Big Door For Content Providers

As many experts have pointed out, the end of 2019 is going to see the commencement of the ‘streaming wars’ as more and more companies enter the OTT market to challenge the supremacy of Netflix Inc (NASDAQ:NFLX). The launch of the streaming service Disney Plus last week formally launched the streaming wars.

Do Content Providers Stand To Benefit?

According to an article published on Reuters the global video streaming market was valued at $26.27 billion in 2015 and is expected to reach $83.41 billion by 2022 growing at a CAGR of 17.9% from 2015 to 2022. Apple, Disney, Netflix, Amazon, NBC, Hulu & more are all competing within the global video streaming market and they all need the same thing… new & original content. Massive demand may create a huge opportunity for companies like Fearless Films (FERL).

Fearless Films is an independent full-service production company. This is the exact type of company that can benefit from what could become one of the biggest cash grabs in entertainment history and here’s why. You’ve likely heard of the big production houses: Warner Bros, DreamWorks, Red Crown Productions and others who benefited from big deals with streaming companies.

It isn’t just Netflix who’s flexing billions in content budgets, Apple, Amazon, Disney, NBC, Roku – the list goes on. These are huge entertainment distributors who are now fighting for one thing… Where you spend your waking hours streaming entertainment.

Click To Read More On Fearless Films (FERL)

Key Analysis On Streaming Service Providers

Considering the fact that the new service has already garnered 10 million users, it’s fair to say that it is here to say. Considering the fact that Apple has already launched its own service and many other services are going to be launched in the next few months, experts are now wondering whether the streaming space has become too crowded.

The success of Game of Thrones has ushered in an era of unprecedented spending for quality content. The show generated total profit to the tune of $2.2 billion for HBO, which is owned by AT&T. Hence, video streaming companies have also decided to spend jaw-dropping sums on original content. Apple has earmarked $6 billion for original content, while Disney is expected to match that.

streaming cord cutting entertainment stocks

Both companies are trying to create that one show that could turn into a cash cow. On the other hand, Apple is going to price is monthly subscription at $4.99 and Disney is going to charge $6.99 for the same. In such a situation, one can expect Netflix to change tack since its cheapest subscription is worth $12.99.

So, the crowding is quite apparent as mega corporations enter the streaming space. However, the question remains whether the business is going to grow and new subscribers are going to flock in. Studies suggest that it will grow and up until 2024, the streaming market should grow by 18.8% each year. In 2024, the market is going to be worth $687 billion. Hence, it is quite clear that despite the intense competition that is going to come to the streaming space, there is still room for companies to grow and become profitable.

apple tv cord cutting AAPL stock

Disclaimer: Pursuant to an agreement between Midam Ventures LLC and Fearless Films Inc. (FERL), Midam has been paid $94,980 by Fearless Films Inc. (FERL) for a period from October 1, 2019 to November 17, 2019. We may buy or sell additional shares of Fearless Films Inc. (FERL) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Fearless Films Inc. (FERL). Click Here For Full Disclaimer.

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