Gondwana Gold commences 2012 drilling program
2012年5月25日 - 1:01PM
PR Newswire (Canada)
email: info@gondwanagold.com www.gondwanagold.com TORONTO, May 25,
2012 /CNW Telbec/ - Gondwana Gold Inc. today provided an update on
its 2012 exploration program in Burkina Faso. Work is being carried
out on three properties, Gabou, Dianvour and Ouaraba. All are
easily accessible by paved road from the capital of Burkina Faso,
Ouagadougou, and situated in southwest Burkina Faso, within the
Birimian Boromo Greenstone Belt hosting the Kalsaka and Poura gold
mines. -- The Gabou Property covers 181.6 sq. km and is located 135
km west southwest of Ouagadougou -- The Dianvour Property covers
248.5 sq. km and is located 210 km southwest of Ouagadougou, -- The
Ouaraba Property covers 129.5 sq. km and is located 260 km south
southwest of Ouagadougou, The exploration program is being carried
out in several phases with work that includes detailed soil
surveys, pitting, trenching and litho-structural analysis from
satellite imagery. The first phase 10,000 meters of RC
drilling program on both the Dianvour and Ouaraba property is
underway. Results are anticipated in the third quarter of 2012.
Following the results of the current RC drilling program, a second
phase of 10,000 meters of RC drilling is planned for the fourth
quarter of 2012, and will focus on the best results from the first
phase. Partial results received to date from the soil
and trenching program on the Dianvour property, confirm a
well-defined gold in soil anomaly in the north-west corner of the
property. This is an area which has held artisanal mining and is
characterized by important fracturing with quartz veining and stock
works. Some of the quartz veins observed in the trenches have
displayed widths of up to 6 meters. The RC drilling program was
initiated on the Dianvour property on May 12(th), 2012 in the north
western zones known as the Lopal and Memer prospects. These zones
have been the subject of artisanal mining activities. As of
April 30(th), 2012, 608 soil samples and 1188 trench samples from
2 036.7 meters of trenching had been submitted for analysis.
On the Ouaraba property, a 2,650 meters trenching program is
underway and a 5,000 meters RC drilling program is underway and is
expected to be completed by the end of June. A global amount of
$2.75 million for exploration has been approved for 2012. This
press release has been reviewed for accuracy and compliance under
National Instrument 43-101 by François Auclair, PGeo, MSc.,
Gondwana Gold Inc's Lead Geologist and Qualified Person. 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 ext 3347
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