Arbor Metals completes budget for 2020 work programs at Rakounga Gold Project
May 6, 2020 – Vancouver, British Columbia –Arbor Metals Corp. (the “Company”)(TSXV: ABR) is pleased to announce that it has completed a budget for its exportation programs to be conducted at its Rakounga Gold Project (the “Project”), located in Burkina Faso,West Africa. The Company is currently working to finalize the details of the initial program, which is intended to expand on the existing historical data on the Project. The Company anticipates commencing work in the summer of 2020.
The Company does not anticipate that current market conditions will delay the commencement of work at the Project and is in discussions with local contractors to advance the programs. Additional information regarding the intended work programs, and development of the Project, will be provided as it becomes available.
About the Rakounga Gold Project
The Rakounga Gold Project consists of an exploration permit covering a two-hundred-and-fifty square kilometer are alocated 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 theProject, 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 theBoard,
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 theCompany, 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.
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