Vancouver, Canada – December 29th, 2020 - Arbor Metals Corp. (the “Company”) (TSXV: ABR, FWB: 432) reports it is currently planning a phase two follow up program on the Rakounga Gold Concession located 100 km northwest of Ouagadougou, Burkina Faso, West Africa.
The phase two program will consist of a 2000-to-3000 meter reverse circulation (“RC”) drill program designed to test gold anomalies identified through soil sampling programs located along with a broad southwest-northeast trend that extends from the permit’s northern boundary to workings located near its western boundary.
The program will look to expand on previous drill results obtained by the prior operator on the Koaltenga workings. Drilling in 2017 and 2018 established mineralization within the Koaltenga zone. See the following table for highlights:
* All reported results are intercept lengths and are not true widths.
The workings at Koaltenga feature broad intercepts containing zones running 4 to 6 grams Au suggesting a prominent primary structure which has permeated out into the surrounding schists and volcanic rocks. The program is also being designed to test the Bouboulou 1 orpaillage as well as a number of significant soil geochemical anomalies occurring between the two zones.
More details regarding 2021 exploration plans and timeline will be made available in the coming weeks.
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.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer Neither the TSX Venture Exchange 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-Looking Statements” within the meaning of the United States Private Securities Litigation 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.