Sign up Australia
Proactive Investors - Run By Investors For Investors

Canyon Resources hits the gold exploration trail in Burkina Faso

Canyon Resources hits the gold exploration trail in Burkina Faso

Canyon Resources' (ASX: CAY) Konkolikan project in Burkina Faso, West Africa, is strategically located along strike from high grade multi-million ounce gold deposits, with the company now set to kick off an exploration program.

The project is a single permit covering around 100 square kilometres, with regional magnetics indicating the continuation of a major mineralised structure that hosts some of the highest grade resources in the country.

Konkolikan is in the same regional mineralised structure that hosts Endeavour Mining's (ASX: EVR) Houndé project with an Indicated Resource of 1,456,000 ounces at 1.91g/t gold and an Inferred Resource of 752,000 ounces at 1.91g/t gold.

Also in the structure i sRox Gold Inc.’s Yaramoko project with an Indicated Resource of 679,000 ounces at 15.7g/t gold and an Inferred Resource of 216,000 ounces at 8.9g/t gold.

Canyon's exploration will include aeromagnetic surveys, with the company also conducting detailed regolith mapping and soil & rock chip sampling programs as first pass technique.

Adding to the prospectivity of the project there is active artisanal mining on the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.



Register here to be notified of future CAY Company articles
View full CAY profile

Canyon Resources Timeline

Related Articles

argent-minerals-MD-david-busch-presenting-in-Sydney-Feb-2017.jpg
February 24 2017
David Busch discussed exploration plans from three highly-prospective projects.
Copper---shutterstock_152041094.jpg
October 19 2016
Tethyan is zeroing in on a potential copper porphyry target at Suva Ruda in Serbia
gold_nuggets,_sized_582e32e2725f0.png
November 29 2016
Vital has so far only touched upon a small percentage of its opportunities.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use