Vancouver, British Columbia, January 14, 2018 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces the commencement of drilling on the Company’s optioned Mane II property in Burkina Faso. The Company has contracted Forage Orbit Garant BF SAS to conduct approximately 750 meters of reverse circulation drilling intended to test the continuity of the veining systems which host active and historical artisanal mining activity.
The 163 square kilometre Mane II property is located in the Kaya-Goren greenstone belt, approximately 20 kilometers south of Nordgold’s Bissa Gold Mine and approximately 40 kilometers north-northeast of the capital city, Ouagadougou.
The Company announces the resignation of Mr. Stephen Wilkinson from the Board of Directors. The Board would like to thank Mr. Wilkinson for his contributions and are currently evaluating new candidates for the board.
Parallel Mining Corp.
President & Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. This news release contains historical technical information. The Company believes the technical information to be relevant and reliable, and there are no more recent estimates or data available to the Company. While the Qualified Person has reviewed the data included in this news release, a 43-101 compliant technical report has not been completed on the Mane property and the quality assurance/quality control process of the historical data could not be verified by the Qualified Person.