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Vela Minerals Ltd. V.VLA

"Vela Minerals Ltd is engaged in acquiring and exploring mineral properties. The company is involved in the business of exploration and evaluation properties includes; Rossland property located in British Columbia."


TSXV:VLA - Post by User

Post by sueronon Oct 23, 2020 11:26am
414 Views
Post# 31770841

Arbor Metals completes geochemical program at Rakounga

Arbor Metals completes geochemical program at RakoungaNot saying to buy or sell..

2020-10-23 07:46 PT - News Release
Shares issued 47,570,075
ABR Close 2020-10-22 C$ 1.82

Mr. Mark Ferguson reports

ARBOR METALS COMPLETES GEOCHEMICAL PROGRAM AT RAKOUNGA GOLD PROJECT, WEST AFRICA

Arbor Metals Corp. has completed its recent soil grid geochemistry program at the 250-square-kilometre Rakounga gold project, located in Burkina Faso, West Africa.

The 55-line-kilometre soil geochemistry program was designed to extend the geochemical gold anomalies identified in 2019 and to test for continuity of these geochemical gold trends extending from the neighbouring Bouboulou permit which borders the Rakounga permit on the north. The soil program collected a total of 779 samples which were collected at 50-metre stations on lines spaced 200 metres apart. Samples were collected from depths which averaged 50 centimetres below the surface.

The program concentrated on filling in a gap between previous soil grid programs trending southwest, in a northeastern direction towards the Bouboulou 1 orpaillage (artisanal mining area) located along the concession boundary. Samples were delivered to Activation Laboratories Ouagadougou, an independent laboratory with ISO 9001: 2015 accreditation for analysis. Results will be released once received, reviewed and verified by the company's geological team.

Warren Robb, PGeo, 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 250-square-kilometre area located along the Goren greenstone belt in central Burkina Faso. The company, through its wholly owned subsidiary Kruger Gold Corp., holds the right to acquire up to a 100-per-cent 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.

We seek Safe Harbor.


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