Canyon Resources hits the gold exploration trail in Burkina Faso - Proactiveinvestors (AU)

Proactiveinvestors Australia

Canyon Resources www.canyonresources.com.au/IRM/content/home.html

Canyon Resources (ASX: CAY) is focused on the active exploration of the company's projects in Burkina Faso, West Africa, with a goal of identifying economic resources.

 

The company's Taparko North Project is situated in the Yalogo Belt which hosts the 2 million ounce Taparko gold mine and the 1.7 million ounce Inata gold mine. 

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Canyon Resources hits the gold exploration trail in Burkina Faso

Tuesday, May 14, 2013 by Proactive Investors

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.

 

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