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The Markets
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Gold & silver

Golden Rim Resources locks in drill rigs for Mali and Burkina Faso, despite competition

Golden Rim Resources (ASX: GMR) has locked in contractors for 44,000 metres of drilling in both Mali and Burkina Faso despite intense competition for drill rigs in West Africa.

West African Drilling Services will undertake exploration drilling on three Permits in Mali for Golden Rim commencing mid November 2011.

A 4,000 metres reverse circulation (RC) drilling program is planned to be conducted at the Linnguekoto West Prospect at the Sepola Project where several zones of gold mineralisation were located by trenching.

This included mineralisation of 16 metres at 3.15 g/t gold and 32 metres at 2.24 g/t gold (25m true width).

The drill program has been designed to test gold mineralisation beneath the trench intersections and the potential strike and width extent of the postulated mineralised zones.

Following the completion of drilling at Sepola, an 8,000 metre program of aircore drilling will be undertaken on the Niaouleni West Permit at the Faraba Project.

This drilling will test major gold-in-soil anomalies previously located on this licence which lie 6 kilometres south west along strike from African Gold Group’s (TSX-V:AGG) 0.7 million ounce Kobada gold deposit and along strike from their recently announced Gosso gold discovery (45m at 1.5 g/t gold in drill hole KBRC11-140).

A 2,000 metre program of aircore drilling is planned for the Faraba Permit, also at the Faraba Project, to test previously located gold and arsenic soil anomalies. These anomalies lie north east along strike from the Kobada gold deposit.

Exploration has now been underway for several weeks in both Mali and Burkina Faso following the wet season.

Further trenching and preparation for drilling has commenced at the Linnguekoto West Prospect at Sepola, Mali.

In Burkina Faso, a major soil sampling and auger drilling program has commenced at the Sebba Project and site preparation for drilling is underway at the Balogo Project.

RC drilling will likely commence at Sepola in mid November and RC drilling in Burkina Faso is on schedule to commence early November with the drill rig arriving in Ouagadougou from Canada a few days ago the company said today.

Overall, the company aims to define at least one robust gold resource project by the end of this field season.

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