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Canadian miner acquires African gold permits
Canadian miner RosCan has signed agree-ments with K.L. Mining and K.A. Gold Mining to purchase a 100% stake in two gold permits in Mali, in Western Africa, fitted with a total surface of 97 square km.
"These permits have impressive potential and are in an area of pro-ducing mines, new deposits and recent discoveries. In addition, we are presently negotiating to acquire additional permits in this area. The acquisition of these permits is in accordance with our stated ob-jective of building a land position in an area having the potential for discovering large gold deposits," said Greg Isenor, the president and CEO of RosCan, as quoted in a statement.
Roscan says it is a Canadian-based gold and mineral exploration company focused on projects in West Africa. The miner is listed on the Toronto Stock Exchange (TSX).