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Credo Resources uncovers broad gold anomalies in Burkina Faso


Credo Resources (ASX: CRQ) has discovered two extensive gold anomalies at its Tyegana 1 permit in Burkina Faso in a recent soil geochemical program covering the full extent of the permit.

The first is a 4 kilometre long by 1.4 kilometre wide anomaly along trend from West African Resources’ (ASX: WAF) Sartenga copper-gold discovery, where grades of up to 6.9 grams per tonne (g/t) gold and 1% copper have been found.

A second, strike parallel gold anomaly (Tanyoko North trend) was outlined 1 kilometre to the north-west of the main anomaly and extends over 6 kilometres in length.

It is clear the Tanyoko-Sartenga trend and its coincident magnetic structure are continuations of West African Resources’ Sartenga copper-gold anomaly, and extends the Sartenga anomaly for a further 4 kilometres.

Both geochemical anomalies at Tyegana 1 are of major interest to Credo and represent the next immediate targets to be drilled.

Prior to drilling a detailed aeromagnetic survey will be flown to assist in target generation and prioritisation.

The airborne survey will be undertaken within the next two months, with drilling scheduled to begin in January or February 2013.

Burkina Faso exploration

Credo has 16 permits under option or application covering 2,715 square kilometres of gold endowed Birimian greenstone belts in Burkina Faso.

They cover the Djibo Greenstone Belt in the north, host to the Inata gold mine, and the Boromo Greenstone Belt in central Burkina Faso, host to the 1.7 million ounce Bissa and 1.1 million ounce Kalsaka gold mines.

Tyegana 1, along with the Zaongo and Taonsgo permits, is located in the south-east portion of the Boromo Greenstone Belt and covers regionally significant structures extending southwest from the 2 million ounce Taparko and 10 million ounce Essakane gold mines.

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