Golden Rim Resources (ASX: GMR) has discovered a new, broad zone of high grade gold mineralisation from reverse circulation drilling at its Balogo Project in Burkina Faso.
A highlight intercept of 14 metres at 18.8 grams per tonne gold from 34 metres, including 4 metres at 63.8 grams per tonne, was assayed.
The Panga Lodes were intersected 600 metres north of the known Netiana Lodes where Golden Rim has defined an inferred resource of 850,000 tonnes at 6.8 grams per tonne gold for 185,000 ounces.
The Panga discovery validates Golden's recent strategy at Balogo of exploring for satellite gold mineralisation to supplement the resource on the Netiana Lodes and enhance project economics.
Similar targets associated with granodiorite-hosted quartz–sulphide veining at Balogo are yet to be drill tested, giving potential for further high grade gold discoveries.
Follow up drilling will now be scheduled.
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