Gondwana Gold Inc. receives exploration permits

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 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.

SOURCE Gondwana Gold Inc.

For further information:

Gondwana Gold Inc.
Yves Grou
President
Phone: (514) 744-4408

Profil de l'entreprise

Gondwana Gold Inc.

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