Golden Rim Resources (ASX: GMR) has begun an initial 4,000 metre reverse circulation drilling program to test priority target areas at two gold prospects at its recently acquired Korongou Project in Burkina Faso.
The program will comprise 26 drill holes with an average depth of 150 metres at the Banouassi and Namagdo prospects.
The 315 square kilometre Korongou Project, which is being acquired from Epsilon Gold Mines, was one of the most sought after gold properties in Burkina Faso.
Extensive zones of gold mineralisation have been identified and over the past decade, Epsilon received offers to purchase the property from more than 20 companies, including several of the gold majors.
The project is believed to have the potential to quickly produce a gold resource in excess of 1 million ounces.
Korongou covers part of the highly prospective Birimian greenstone belt in Burkina Faso and is traversed by a significant northeast trending fault that connects to the major Markoye fault system.
This fault controls a number of major gold deposits including the 5 million ounce Kiaka, the 5.2 million ounce Bombore, the 5.6 million ounce Essakane and the 2 million ounce Samira Hill.
More than 70 kilometres of potential gold mineralised structures have been mapped by Epsilon or exposed in artisanal workings within the Korongou permit, and these structures are ready for drilling.
Banouassi Prospect
A total of 23 holes are planned at the Banouassi Prospect, which is located in the northeast of the Korongou permit.
More than 20 gold mineralised, parallel, northeast-trending shear structures have been identified in trenches and pits within a 1 kilometre wide corridor and over a strike length of 3.5 kilometres at Banouassi.
Drilling will target a number of these gold mineralised shear structures. Previous small scale mining along these structures produced 20,000 ounces at an average head grade of 5.2 grams per tonne (g/t) gold.
The grade of the gold mineralisation within these structures can be very high, with previous exploration returning rock chip sample results of up to 313g/t gold.
Artisanal miners have exploited gold from several small bonanza pits which graded in excess of 1,000g/t gold.
Namagdo Prospect
Three holes are planned at the Namagdo Prospect, which lies in the central portion of the Korongou permit and covers four main linear gold mineralised shear structures that have been mapped up to 5 kilometres.
The width of these mineralised structures ranged from 1 to 10 metres and rock chip sample results have returned up to 108g/t gold in previous exploration.
Golden Rim is acquiring a 90% interest in the Korongou gold project.
The company recently raised $2.27 million via a rights issue which will be used to fund exploration at the Balogo, Sebba and Korongou gold and copper-gold projects in Burkina Faso and Mali.
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