Hounde South is a project that is being funded by Fortuna Silver Mines (Formerly Roxgold Inc) through a farm-out agreement, as outlined below:
Under the Earn-in Agreement, Fortuna can acquire an initial 51% interest in the Project with the option to increase its interest to 70% through exploration expenditure as follows:
The Project consists of two exploration licences (being the Fofora and Konkoira permits) adjacent to Fortuna’s Boussoura permit in southwest Burkina Faso (see map). Historical exploration at the Project included stream sediment sampling that demonstrated the potential for gold mineralisation traversing both Arrow’s and Fortuna’s licenses.
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