ROSCAN MINERALS CORPORATION
TSX VENTURE : ROS

April 06, 2011 17:35 ET

Roscan Announces Phase I Drilling Contract With Timberline Drilling Inc.

TORONTO, ONTARIO--(Marketwire - April 6, 2011) -

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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.

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Contact Information

  • 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