The Australian Credo projects are all located within 70km of Kalgoorlie, Western Australia, which is the main regional centre of the Eastern Goldfields. The Eastern Goldfields Province is host to many of the largest known gold deposits in Australia such as the Superpit (annual gold production of over 800,000oz) and Kanowna Belle (over 250,000oz gold produced per annum). It also remains a centre of exciting exploration opportunity.
Gold occurrences within the Eastern Goldfields Province are dominantly lode-style deposits, related to large scale regional fault systems. These gold deposits can occur within any host lithology and can develop at varying crustal depths and temperatures. One common characteristic to all orogenic lode gold systems is a well developed structural control, providing a focus for mineralising fluids and a well understood exploration model which is applicable to Credo's assets.
The Projects that make up Credo's portfolio are all exciting exploration opportunities in close proximity to currently operating gold mines. Established geological models and exploration methods for the area, and well understood local geology all contribute to effective and efficient exploration programs to maximise the value of expenditure.
The Company's exploration efforts will be two-fold, firstly to rapidly evaluate the more advanced projects and maximise the Company's opportunities for a new discovery while systematically exploring the earlier stage projects to exploit the prospectivity of the underexplored areas.