Gondwana Gold Inc. receives exploration permits
2011年11月28日 - 10:30PM
PR Newswire (Canada)
TORONTO, Nov. 28, 2011 /CNW/ - Gondwana Gold Inc. (the "Company")
today announced that its wholly-owned Burkina Faso subsidiary has
received from the Ministere des Mines, des Carrieres et de
L'Energie of Burkina Faso the three exploration permits referred to
in its press release of July 14, 2011. The three permits are known
as Dianvour, Ouaraba and Gabou. Dianvour, which covers
approximately 248 sq km., is located approximately 300 km southwest
of Ouagadougou and is easily accessible through Boromo on paved and
dirt roads. There exists sufficient infrastructure in the area
to support exploration along with good water access. The area is
known to contain numerous active artisanal gold working sites. The
property is underlain by favourable north-trending Birrimian
volcano-sedimentary sequences in which vein and stockwork
mineralization has been described. Detailed geological survey and
soil sampling is planned in the northern part of the permit as well
as RC drilling on various related targets. Ouaraba, which covers
approximately 140 sq km., is located approximately 450 km southwest
of Ouagadougou near the Ghana border and is easily accessible
through Boromo and Gaoua on paved and dirt roads. There exists
sufficient infrastructure in the area to support exploration along
with good water access. The area contains numerous active artisanal
gold working sites. The property is located in the southern
Birrimian Boromo volcanic belt and is underlain by favourable
north-trending metasedimentary sequences, mafic metavolcanic and
intrusive rocks. Mineralization has been described in sulfide
bearing silicified and schistosed deformation zones. Detailed soil
sampling and geology has been planned on soil and outcrop targets
with follow-up RC drilling. Gabou, which covers approximately 181
sq km., is located approximately 160 km southwest of Ouagadougou on
the Boromo highway and is easily accessible. There exists
sufficient infrastructure in the area to support exploration. The
property is located along the eastern margin of the Birrimian
Boromo volcanic belt and is underlain by metabasic and granitoid
rocks. Detailed soil sampling and geology has been planned on soil
and outcroppings. About the Company Gondwana Gold Inc. is focused
on pursuing exploration and development opportunities within the
mining sector. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Caution Concerning Forward-Looking
Information This news release contains forward-looking statements
that are based on the Corporation's current expectations and
estimates. Forward-looking statements are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur, and include, without limitation, statements regarding
the Corporation's focus on pursuing exploration and development
opportunities within the mining sector. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ
materially from estimated or anticipated events or results implied
or expressed in such forward-looking statements. Factors that may
cause actual results to vary materially include, but are not
limited to, the Corporation's financial resources and the
availability of financing alternatives, changes in general economic
conditions or conditions in the financial markets, the availability
of suitable exploration properties, the speculative nature of
mineral exploration, and unanticipated operational or technical
difficulties. Such forward-looking information is based on a number
of assumptions, including but not limited to, the availability of
financing, no significant decline in existing general business and
economic conditions, the level and volatility of mineral prices and
receipt of the approval of the TSX Venture Exchange and any other
applicable regulatory authority. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Corporation
disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or
results or otherwise. Forward-looking statements are not guarantees
of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
Gondwana Gold Inc. CONTACT: Gondwana Gold Inc.Yves
GrouPresidentPhone: (514) 744-4408
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