Company
ASX:GMR
Asara Resources Ltd is an exploration company with a portfolio of advanced minerals projects in Guinea and Burkina Faso, West Africa and in Chile, South America.
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“Initial RC drilling results strongly suggest both areas could deliver satellite oxide gold resources we can add to our maiden 930,000-ounce gold mineral resource at Kada’s Massan Prospect," says MD Craig Mackay.
“Results received to date from the first RC drilling at the Bereko and Bereko South prospects at Kada strongly suggest both areas will deliver satellite oxide gold resources we can add to our maiden 930,000-ounce gold mineral resource,” say
The gold oxide results are part of a 5,000-metre campaign to test target areas along the Kada Gold Corridor, with the aim of expanding the current resource.
“Golden Rim is very pleased to execute this agreement with Teck, one of Canada’s leading mining companies, to explore Loreto. Teck has two major copper operations in Chile, including the Quebrada Blanca Mine, located 120 kilometres south of
The West African explorer’s interest in Kada is now 51% and the company has also exercised its right to a third earn-in, which will bring its interest up to 75%.
“Drilling will target several exciting prospects both north and south of the mineral resource area that we have identified through auger drilling, regional mapping and rock chip sampling,” says MD.
Golden Rim’s MD Craig Mackay, said: “After the success of our resource definition drilling and our milestone 930,000-ounce maiden mineral resource at Kada, we are excited to recommence our exploration along the highly prospective Kada Gold
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The company has locked in a drilling contractor for the RC program and drilling is expected to begin shortly.
“Golden Rim has had a terrific start to the year with our maiden Kada mineral resource estimate of 930,000 ounces of gold and the release of our scoping-level metallurgical test-work at Kada that demonstrates the gold mineralisation is free
The test-work program provides a sound basis for scoping and economic studies and will assist with targeting of resource extensional and infill drilling during 2022.
“The maiden mineral resource estimate at Kada is a major milestone for Golden Rim and comes approximately 12 months after acquiring the project and commencing work which reflects the extraordinary effort from our personnel and, in particula
A second phase of RC drilling is in the works, while GMR plans to unveil its maiden MRE for the Kada gold camp imminently.
“At Bereko, we have discovered very high-grade gold mineralisation (up to 171.5 g/t gold in rock chip samples) associated with intense stockwork vein mineralisation exposed in artisanal workings. Bereko will be one of the first areas we tes
“With this first round of exploration drilling completed at Kada, we eagerly await the results for the remaining 13 holes, with visible gold in several of these. Once these assays are received and compiled, we plan to commence a second roun
“Our initial focus for this exploration drilling is immediately north of the resource area, before moving to test several exciting target areas along the corridor that have potential to add more ounces to the Kada gold inventory.”, says man
The company's bounty continues to grow as it prepares to define its maiden mineral resource estimate, with 30 metres at 0.8 g/t gold among highlights.
The company doesn't intend to take the foot off the pedal now: “Our RC drilling at Kada is progressing well and will continue through the Christmas and New Year period," managing director Craig Mackay said.
Results from six reverse circulation holes delineate multiple, broad, subparallel zones of gold mineralisation in the defined Newmont gold resource area.
The company is focused on the extensive oxide gold mineralisation at Kada and is planning to deliver a maiden mineral resource estimate in January 2022.
"It is expected that the RC drilling about to commence will delineate additional gold mineralisation along the gold corridor which can be included in the maiden mineral resource, now scheduled for delivery in January 2022,” says MD.
