Gondwana Gold commences 2012 exploration program
2012年1月12日 - 10:00PM
PR Newswire (Canada)
TORONTO, Jan. 12, 2012 /CNW/ - Gondwana Gold Inc. today announced
its 2012 exploration program for Burkina Faso. Work is set to begin
in January, under the direction of Francois Auclair, on all four of
the Corporation's exploration permits. The permits, Dianvour,
Gabou, Ouaraba and Kasseba, are located in south western Burkina
Faso, in the Birimian Boromo Greenstone Belt that hosts the Kalsaka
and Poura gold mines. All properties are easily accessible from the
capital, Ouagadougou. In 2010, a regional soil survey of the
Dianvour, Gabou and Ouaraba properties outlined a number of
encouraging gold anomalies. On the Dianvour property, a
NNE-trending series of soil anomalies have been identified in the
northern part of the property which coincide with a regional
deformation zone and a number of outcropping quartz veins. These
veins have been mined by local artisanal miners. In the northern
part of the Ouaraba property, a NNW-trending soil anomaly lies near
the contacts between metavolcanics and metasedimentary rock. Before
drilling is initiated, detailed soil sampling will take place over
the most prospective anomalous areas identified in the regional
surveys on Dianvour and Ouaraba. Following the identification of
targets, an initial phase of RC drilling of approximately 10,000
meters will take place on the Dianvour and Ouaraba properties.
Results from the drill program are expected at the end of Q2 or
early Q3. On the Gabou and Kasseba properties, detailed and
regional soil surveys will be carried out. The cost of the planned
work is estimated at $2 million. Additional RC drilling of a
further 10,000 meters is also planned with results at the end of
Q3. About the Company Gondwana Gold Inc. is focused on pursuing
exploration and development opportunities within the mining
sector. For further information about the company and its
activities, please refer to the company's website at
www.gondwanagold.com as well as filings at www.sedar.com. 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 2012
exploration program and the timing and costs associated
therewith. 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, and the level and volatility of mineral prices. 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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