Growth Through Exploration Success in Burkina Faso
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Parallel Mining (TSXV:PAL) is a Vancouver-based gold exploration company focused on advancing concessions in Burkina Faso, West Africa. Its flagship project is the Garsay property, which had been previously optioned by Newmont Mining (NYSE:NEM) in 2014. The company also recently entered an option agreement to acquire the Sebedougou property – an 82-square-kilometer land package located between Endeavour Mining’s (TSX:EDV) Hounde project and Acacia Mining’s (LON:ACA) South Hounde deposit.
Located in the same gold belt as the producing Inata gold mine, the Garsay project is Parallel Mining’s primary focus for the remainder of 2017. Following up on extensive exploration by Newmont, recent deep drilling on the South Target shows the potential for a high-grade deposit that could be mined by open pit and underground methods.
- Garsay project has already been heavily explored and shows significant upside for fresh discoveries
- Recent acquisition of a second property, showing potential for new project pipeline