Canyon Resources (ASX:CAY) has advanced its gold hunt having completed extensive drilling at the Tao project in Burkina Faso, which is close to several multi-million ounce gold deposits.
The highly prospective Tao project is close to Volta Resources' (TSX: VTR) 4.2 million ounce Kiaka project, Orezone Gold Corporation's 3.5 million ounce Bombore deposit and High River's 2 million ounce Taparko project.
The 3,058 metre reverse circulation drilling program over 29 holes was designed to infill existing drilling and test additional targets and extensions to the 3 kilometre long mineralised zone at the Tondoby Prospect.
Canyon has also started an 8,000 metre rotary air blast drilling campaign on the same prospect to follow up the high grade gold in soil anomalies identified from the previous season’s exploration.
The air blast drilling program will focus on extending the gold mineralisation on the Tondoby structure further to the south and testing the parallel geochemical anomaly which may represent a second mineralised structure that remains open in all directions.
Canyon has identified gold anomalism over a 12 kilometre strike on the Tondoby Prospect by reconnaissance drilling undertaken last season.
Canyon’s existing mineral exploration projects in Burkina Faso cover an area of approximately 3,500 square kilometres over 18 permits in the Birimian Greenstone Belts of the West African craton.
These permits comprise four project areas known as the Taparko North project, the Tao project, the Pinarello project and the Derosa project, where Rumble Resources (ASX: RTR) is earning up to 75% interest.
The Tao project lies in the Gorouol Greenstone Belt which hosts the country’s largest deposit, the major Essakane gold mine. Reverse circulation drilling done previously by Canyon at Tao has intersected high grade gold mineralisation including 8 metres at 30.4 grams per tonne and 8 metres at 10.31 grams per tonne.
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