Gold Exploration in West Africa

[FL]

Goldcrest (GCL.V) at Kampti in Burkina Faso

Goldcrest commences a new phase of exploration at Kampti in Burkina Faso
Monday September 12, 9:01 am ET

SOIL/ TRENCH TARGETS, COMBINED WITH LARGE AREA OF ARTISANAL GOLD DIGGINGS, REPRESENT WALK-UP DRILL TARGETS IN UNDER-EXPLORED AREA
TORONTO, Sept. 12 /CNW/ - Goldcrest Resources Ltd. ("Goldcrest"), (GCL-TSX.V) is pleased to announce the commencement of a new phase of exploration on its 244.5 km2 Kampti Concession ("Kampti"), located in southernmost Burkina Faso (see http://files.newswire.ca/329/West_Africa_Loc_0912.jpg). Kampti is reached by tarmac road from Gaoua in about 30 minutes or from Ouagadougou in about 5 hours (400 km).

Kampti is part of an area that was investigated in the 1970's by the UN-funded UPV74/004 project, which outlined a number of anomalous gold zones within the application area (see http://files.newswire.ca/329/Kampti_Geology.jpg). One area in particular - the Mamena Prospect - has, for some years, supported a village of artisanal gold workers with a fluctuating population averaging around 700 people.

During the past six to ten months, artisanal gold diggings here have grown rapidly to now support a village well in excess of 10,000 people dedicated largely to exploiting gold from narrow quartz veins and the altered host rocks.

The area was granted to Hyder Gold Inc. ("Hyder"), a Canadian junior mining company, in the mid-1990's, who undertook prospecting, mainly in 1997. This work appeared to focus on the Mamena Prospect, where soil geochemistry outlined several anomalous trends within a 2km by 3km area. One gold-in-soil anomaly was tested in some detail by bedrock trenching along a zone 1,000 m long by 700 m wide. Gold mineralization is associated with sheared and altered mafic volcanics, quartz veins, and small diorite intrusions. Trench intercepts reported by Hyder defined multiple bands of gold mineralization within a wide zone, including;

14 m (at) 2.54 g/t Au;
10 m (at) 1.97 g/t Au;
22 m (at) 1.15 g/t Au; and
10 m (at) 2.97 g/t Au.


These intercepts occurred over a strike length in excess of 500 m and provided sufficient justification for a drill program; however no drilling has been undertaken to date. Hyder withdrew its activities from Burkina Faso in the late 1990's due to adverse market conditions and financial constraints.

During a recent site visit, Goldcrest's President, Kevin Bullock commented: "We are pleasantly surprised by the extent and level of artisanal, small-scale, mining activity and encouraged that it is not only restricted to the narrow quartz veins, but also, in places, to the altered host rock. Interestingly, we had identified a large ovoid, 1500 x 700 m gold-in-soil anomaly, defined previously by Hyder, as a priority target. This target is well to the east of the original artisanal workings and was not trenched by Hyder. Presently it is the site of intense new artisanal diggings".

The quartz veins that define the mineralized system are oriented along N- to NW-trends, are very extensive across the sequence, and show indications of continuing well south of the Mamena grid established by Hyder.

Kampti represents an exceptional property that contains several walk-up drill targets at Mamena, the only prospect that has been evaluated in any detail to date. Goldcrest intends to carry out an initial Reverse Circulation (RC) drilling program at this prospect. Goldcrest has commenced a regional stream sediment survey on the entire property in order to assess other areas outside of the Mamena grid. This will be followed up by soil sampling and trenching to build on work carried out previously in the 1970's and 1990's.

Under the guidelines of National Instrument 43-101 the qualified person for the Kampti Gold Project is Mr. Michael Higgins who is a Fellow of the Australasian Institute of Mining and Metallurgy.

Goldcrest Resources Ltd. is a mineral exploration company focused on growing shareholder value through the advancement of its Youanmi project in Western Australia and its Malba and Kampti projects in Burkina Faso. The Youanmi project has a complete infrastructure including a Carbon in Pulp ("CIP") processing plant, Bactech bio-oxidation plant and a mine village on site. The CIP plant, which was built in 1986, is capable of processing 600,000 tonnes per annum through its circuit. The plant operated from 1987 through 1993 with an overall average recovery of 89.4% and is described in detail in the Technical Report prepared by RSG Global, which has been filed on SEDAR (www.sedar.com). The technical report also fully describes the Bactech bio-oxidation plant and other infrastructure. The Youanmi property has previously produced over 670,000 ounces of gold.

Goldcrest Resources Ltd. now has 51,263,073 common shares outstanding and 68,485,380 common shares on a fully diluted basis.

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgment, they are subject to a variety of risks and uncertainties that are beyond the company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward- looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

For further information please contact:
Kevin Bullock, P.Eng., President & CEO, Goldcrest Resources Ltd., [e-mail],
Ph: [phone],
Fax: [phone],
Corporate Website: www.goldcrestresources.com

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