TORONTO, Nov. 28, 2011 /CNW/ - Gondwana Gold Inc. (the "Company") (TSXV:
GON) 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
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.
SOURCE Gondwana Gold Inc.
For further information:
Gondwana Gold Inc.
Phone: (514) 744-4408