Vancouver, Canada - October 23, 2020 - Arbor Metals Corp.(the "Company") (TSXV:ABR), (FWB:432) is pleased to announces that it has completed its recent soil grid geochemistry program at the 250-sq km Rakounga Gold Project (the "Project"), located in Burkina Faso, West Africa.
The 55-line kilometer soil geochemistry program was designed to extend the geochemical gold anomalies identified in 2019 and to test for continuity of these geochemical gold trends extending from the neighbouring Bouboulou permit which borders the Rakounga permit on the north.The soil program collected a total of 779 samples which were collected at fifty metre stations on lines spaced 200 metres apart. Samples were collected from depths which averaged 50 cm below the surface.
The program concentrated on filling in a gap between previous soil grid programs trending southwest, in a north eastern direction towards the Bouboulou 1 orpaillage (artisanal mining area) located along the concession boundary (see image below). Samples were delivered to Activation Laboratories ("Actlabs") Ouagadougou, an independent laboratory with ISO 9001: 2015 accreditation for analysis. Results will be released once received, reviewed, and verified by the Company's geological team.
Warren Robb P.Geo., is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
About the Rakounga Gold Project
The Rakounga Gold Project consists of an exploration permit covering a two-hundred-and-fifty square kilometer area located along the Goren Greenstone Belt in central Burkina Faso. The Company, through its wholly owned subsidiary Kruger Gold Corp. ("Kruger"), holds the right to acquire up to a one-hundred percent interest in and to the Project, subject only to pre-existing royalty obligations. Kruger has control over operations conducted on the Project and will look to expand on historical drilling and survey work conducted on the Project.
For further information, contact Mark Ferguson, Chief Executive Officer, at email@example.com, or visit the Company's website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
Neither the TSX VentureExchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-LookingStatements” within the meaning of the United States Private SecuritiesLitigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”,“forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to finalization of a work program at the Project, the anticipated timing for the commencement of such a program, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.