Vancouver, Canada – November 30, 2020 – Arbor Metals Corp. (the “Company”) (TSXV:ABR) (FWB:432) is pleased to report results from its recently completed 55-line kilometer soil sampling program conducted on the 250-sq km Rakounga Gold Project, located in Burkina Faso, West Africa.
The geochemical survey was established to fill open space on the property between the concession boundary on the north and a previous soil sampling grid located to the southwest. A total of 778 samples were collected from stations spaced at 50 meters along lines that were 200 meters apart. Samples were collected at a depth of 50 centimeters below surface.
“This is very positive data that extends the known gold trend at Rakounga,” said CEO, Mark Ferguson. “We know that a little further north east along this trend there is significant gold mineralization. We also know the extreme south western portion of this trend has already returned positive drill results. This bodes well for Arbor’s plans. Our goal is to increase known mineralization along trend through multiple drill programs. The larger the footprint, the greater the potential,” continued Mr. Ferguson.
Samples were collected and placed in 3 mil poly plastic bags with an identifying tag and shipped to Actlabs Ouagadougou, for gold analysis. The results of the soil program are shown on the map below.
Gold Results from the survey outline a board 2800-meter long gold in soil anomaly trending in a southwest to northeast direction. The gold anomaly extends to widths 400 meters along its strike, and correlates well with the dominant soil gold geochemical trend identified in 2018 on the property.
The Company will now incorporate the new data with existing data to plot priority drill targets for the 2021 exploration campaigns. More information on th
e 2021 exploration plans, and the scope and location of the work will be released 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.
For further information, contact Mark Ferguson, Chief Executive Officer, at firstname.lastname@example.org, or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board.