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The Markets
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Gold & silver

Golden Rim Resources extends major gold anomaly at Balogo in West Africa

Golden Rim Resources (ASX: GMR) has extended the gold-in-soil anomaly by 600 metres at the Balogo project in Burkina Faso, West Africa.

The Balogo gold anomaly is now 2.9 kilometres long and potentially up to 1000 metres wide.

Earlier in the month Golden Rim obtained significant gold results along this contact zone, with values up to 1.2 grams per tonne (g/t) gold in soil samples.

Rock chip samples are where the action is and have returned grades up to 49.9 g/t gold.

Golden Rim is planning a reverse circulation drilling program to kick-off when the surface sampling is complete.

Balogo is one of the company’s five major gold projects in West Africa, in addition to Sebba and Yako in Burkina Faso, and Sepola and Faraba in Mali.

The news has been well received by the market, with Golden Rim's shares 11% higher to $0.155 in intra-day trading.

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