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Gold & silver

Golden Rim Resources starts drilling at Burkina Faso gold project

Golden Rim Resources (ASX: GMR) has kicked off its long awaited auger and reverse circulation drilling programs at the Balogo gold project in Burkina Faso.

Notably, the 2,000 metre reverse circulation drilling targets the new Netiana North and Kabola anomalies that may represent satellite, open pittable, gold mineralisation that would add to its existing resource base on the Netiana Lodes.

About 1,300 metres of drilling will be carried out at Netiana North where trenching had returned 12 metres at 5.3 grams per tonne gold including 1 metre at 60.4g/t gold and 16 metres at 0.6g/t gold.

The remaining 700 metres will target the Kabola anomaly after the 2,500 metre infill auger drilling program provides the company with a better understanding of the orientation of the bedrock gold mineralisation to help locate the holes.

Kabola is larger and is higher in tenor than the auger gold anomaly over the Netiana resource, however, it is covered by 5 metres of transported black soil that is too thick for trenching.

Golden Rim will next week start further metallurgical testwork on gold mineralisation from the Netiana Lodes to determine its amenability to processing using a modular Python plant.

This could provide the company with a lower capital and operating cost alternative to a conventional modular milling and CIL plant.

It is also progressing its Bankable Feasibility Study for the project.

Netiana Lodes has an Inferred Resource of 850,000 tonnes at 6.8 grams per tonne for 185,000 ounces of contained gold.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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