Burkina Faso has until recently remained an under explored greenstone province, geology particularly familiar to Australian geologists as Western Australia hosts a number of major greenstone belts which have produced tens of millions of ounces of gold plus also hosts significant nickel and base metal deposits.
With this in mind Credo has acquired an attractive acreage position with a mix of artisanal workings and structurally hosted plays. Its team has significant experience in the Western Australian goldfields greenstone belts and like others is bringing this to bear on the lightly explored greenstone (or Birimian belts as it is named) belt which commences in Ghana and runs through Burkina Faso, Mali and Niger.
An increase in activity in the last few years has seen some outstanding results with new mines being commissioned and others in development.
Burkina Faso itself is proving to be an excellent country in which to operate with stable government, good mining laws, an excellent local work force and access to all types of mining services. Infrastructure is good in most regions and the vibrant capital Ouagadougou attracts numerous international airlines serving the nation and this list continues to grow.
Credo acquired the ground position in early December and commenced work immediately with field mapping and soil sampling programs underway on three permits. Drilling commenced in May of 2012 on the permits.