Illegals highlight Credo’s Burkina Faso gold potential
15th May 2012
PERTH, May 15 – Following the artisans has helped Australian explorer Credo Resources identify a new gold zone on its Tyegana 1 permit in Burkina Faso.
Prospect A at Tyegana 1 will be the initial target for 4000m of RC percussion drilling by Layne Drilling Services to start mid-May after 300 artisinal miners rushed the area. Credo says its more conventional exploration techniques, including soil sampling, identified a broad mineralised zone over 1.2km and open in all directions.
When Credo staff first visited the Prospect A site in October last year, they saw no artisanal miners. Now, it says, about 300 artisanal miners are working to 20-30m depths over an area of about 400m by 300m.
Credo says its own mapping and soil sampling – and about 1000 more artisanal miners – continue to identify new gold targets at Tyegema 1.
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