Golden Rim Resources (ASX: GMR) has been granted three new permits, forming part of the Sebba Project, by the Ministry of Mines in Burkina Faso.
The company considers the expansion of Sebba to be strategic for the advancement of exploration activities in the West African country.
The newly issued Maba, Nasoulou and Babongo permits are 100%-owned by Golden Rim and their combined area is 429 square kilometres, bringing the total area of Sebba to 1,928 square kilometres.
The Maba and Nasoulou permits are contiguous with the existing land holdings at Sebba. The Babongo tenement is 13 kilometres to the southwest of the Diogotta Permit.
All of the permits are located on multiple greenstone belts with major shear zones and are highly prospective for the discovery of significant gold mineralisation.
Golden Rim has gold resources and licences covering around 4,000 square kilometres in the highly prospective Birimian greenstone belts of Mali and Burkina Faso.
Golden Rim has six active gold projects in West Africa (Comin Yanga, Balogo, Sebba and Yako in Burkina Faso and Sepola and Faraba in Mali).
Mt Isa Metals (ASX: MET) recently announced a significant high-grade gold discovery in reverse circulation drilling at the Nabanga Prospect which is located 32km south of Tagou, within in the Comin Yanga Project. D’Aguilar Gold (ASX: DGR) holds 52 million shares in Mt Isa Metals.
Abu Dhabi-based Royal Group is a substantial shareholder and strategic partner of Golden Rim.