Arbor Metals to Expand Exploration at the Rakounga Gold Concession, Burkina Faso, West Africa
Vancouver - March 23rd, 2021 - Arbor Metals Corp. (the "Company") (TSXV:ABR) (FWB:432) plans to expand exploration at the Rakounga gold concession, Burkina Faso, West Africa. The Company is in the final stages of planning it's spring 2021 drill program based on the encouraging results of it's most recent field work. The Company currently holds an option to acquire a 100% interest in the Rakounga property, through its wholly owned subsidiary Kruger Gold Corp. In September 2020, the Company completed a 55-line kilometer soil sampling program at the 250-sq km Rakounga project. The geochemical survey was conducted primarily to fill open space on the property between the boundary on the north and a previous soil sampling grid located to the southwest. A total of 778 samples were collect from stations spaced at 50 metres along lines that were 200 meters apart. Samples were collected at a depth of 50 centimeters below surface. Samples were collected 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, combined with previous results from a soil geochemical program completed in 2018, are shown below.
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Figure 1: Geochemical grids at the Rakounga project, Burkina Faso, West Africa
The combined results from the surveys outline a broad 12,000 meter gold-in-soil anomaly trending in a southwest to northeast direction. The gold anomaly extends to widths of 400 meters along its strike and culminates at the Koaltenga drill zone in the south west corner of the project ground where in 2017 the previous operator reported drill intercepts of 32 meters of 1.01 gram-per-tonne ("g/t") gold ("Au"), includes 5.65 g/t Au over 2 meters (see following table).
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|HOLE |DIP|FROM|TO |LENGTH|Au grams/tonne|
|------------------------------------------------|
|RKG-17-RC-001|-50|102 |128|26 |0.82 |
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|INCLUDES | |108 |110|2 |4.11 |
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| | |110 |112|2 |2.44 |
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| | |112 |114|2 |2.36 |
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| | | | | | |
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|RKG-17-RC-002|-50|108 |140|32 |1.01 |
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|INCLUDES | |112 |114|2 |2.36 |
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| | |114 |116|2 |2.99 |
|------------------------------------------------|
| | |116 |118|2 |3.1 |
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| | |120 |122|2 |5.65 |
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| | | | | | |
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|RKG-17-RC-003|-50|108 |114|6 |1.07 |
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| | | | | | |
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|RKG-17-RC-008|-50|102 |140|38 |0.92 |
|------------------------------------------------|
|INCLUDES | |116 |118|2 |1.8 |
|------------------------------------------------|
| | |124 |126|2 |1.76 |
|------------------------------------------------|
| | |126 |128|2 |6.5 |
|------------------------------------------------|
| | |128 |130|2 |5.09 |
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The Company is currently reviewing this and regional data to finalize next steps in its exploration program.
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 info@arbormetalscorp.com, or visit the Company's website at www.arbormetalscorp.com.
On behalf of the Board,
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.
