Golden Rim Resources’ (ASX: GMR) trenching operations across the Netiana North gold anomaly in Burkina Faso have returned gold intercepts including 1 metre at 60.4 grams per tonne gold.
The results confirm the occurrence of several new significant zones of gold mineralisation directly along strike to the Netiana Lodes, which have an Inferred Resource of 850,000 tonnes at 6.8g/t gold for 185,000 ounces of gold.
Extensive quartz-hematite-stockwork veining was exposed in a number of these new trenches, typical of the high grade gold mineralisation identified in the drilling across the Netiana Lodes.
Notably, the intercept of 12 metres at 5.3g/t gold, including 1 metre at 60.4g/t gold obtained in BT27 at Netiana North is the best trench intercept obtained to date at Balogo and is higher grade than the gold intercepts in the trenches which are directly above the Netiana Lodes.
As such, the high grade gold mineralisation exposed in BT27 is a priority target for a program of follow-up reverse circulation drilling planned at Balogo after the rainy season.
The company is focusing on the discovery of satellite, open pittable, gold resources to add to its existing gold resource at Netiana Lodes. This will increase mine life and improve the economics of its planned Balogo mine development.
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