Canyon Resources (ASX: CAY) has extended the gold mineralisation to over 13 kilometres of strike from drill results from the Tao Project in Burkina Faso.
Of interest, the mineralisation looks to continue further south through the Tao permit boundary and into the new permit area that Canyon has under application.
The Tao project lies in the Gorouol Greenstone Belt which hosts the country’s largest deposit, the major Essakane gold mine owned by IAMGOLD Corporation (NYSE: IAG)
The mineralised shear was extended by a further 5 kilometres south of previous drilling.
Results from the RAB drilling included;
- 8m at 1.24 g/t Au from 26m (TNRABS064)
- 2m at 2.28 g/t Au from 30m (TNRABS133)
- 2m at 1.32 g/t Au from 26m (TNRABS105)
- 6m at 0.73 g/t Au from 4m (TNRABS083)
A 168 hole RAB drilling program for 6,959 metres has been carried out south of the Tondoby prospect to follow up auger geochemistry results targeting an extension to the mineralised corridor.
The programme was successful in identifying gold and pathfinder arsenic anomalism, which has now been discovered over a +13km strike along a shear zone.
Canyon is fully funded for its current work programmes at its Tao and Pinarello Gold Projects following completion of the recent placement and share purchase plan to raise approximately $1.83 million.
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