August 13, 2020 – Vancouver, British Columbia – Arbor Metals Corp. (the “Company”)(TSXV: ABR) is pleased to announce that its upcoming work program at the Rakounga Gold Project (the “Project”),located in Burkina Faso, West Africa, is scheduled to begin in the next two weeks.
The program will consist of a 24-line soil grid and sampling program designed to identify potential gold mineralization extending from the property’s northern boundary southwest from the Bouboulou 1 mineral showing, linking to a series of northeasterly trending soil gold anomalies identified in previous geochemical surveys. The survey will cross two existing gold trends, that being the Bouboulou 1-2 trend and the Rawema Koalatrend, identified on the adjacent Bouboulou property to the north. The survey is designed to cover identified geophysical trends striking southwest-northeast along the property.
The survey will consist of lines spaced 200 meters apart with sample locations occurring every 50 meters. This initial phase of exploration will enhance the geochemical understanding of the property and assist in targeting areas for follow up drilling.
More information will be made available closer to the commencement of the program.
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 holds the right to acquire up to a one-hundred percent interest in and to the Project, subject only to pre-existing royalty obligations. The Company 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 firstname.lastname@example.org, or visit the Company’s website at www.arbormetalscorp.com.
The technical information in this news release has been reviewed and approved by Warren Robb, P.Geo., a qualified person for the purposes of National Instrument 43-101.
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.