VSE-listed Mutual Resources is planning a surface exploration program for its newly optioned gold concession in Burkina Faso, West Africa.
The company recently entered an option agreement with Comidok, a Burkina Faso-based company which owns 70% of the Kiere Nord-Dohoun property. The raminder is held by Faso Etades et Travaux (10%) and the Burkina Faso government (20%).
Once regulators approve the agreement, Mutual can earn a 60% interest, provided it meets financial and exploration obligations.
The property comprises 285 sq. km and covers several known gold showings and prospects. Having trenched and drilled te area, Comidok has outlined gold occurrences with potential economic intersections.
Sampling by Mutual has confirmed values of 8.6 grams gold per tonne across 4 metres, with wallrock grab samples assaying up to 14 and 16 grams. Mutual has, of late, been focusing its efforts on West Africa and is now associated with Crescent Resources, a British firm with established ties throughout the continent. Mutual is already exploring the Tarkwa and Sewum-Tokosea gold projects in Ghana.
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