Golden Rim Resources (ASX:GMR) has today commenced an auger and reverse circulation drilling program at its Korongou Project in Burkina Faso.
In addition, the final results from the rock chip sampling program at Korongou have been received with further high grade gold assays obtained.
These included samples of 122.3 g/t gold, 31.5 g/t gold, 30.1 g/t gold and 19.6 g/t gold.
In May, the secured convertible loan from Aurora Minerals (ASX:ARM) became unconditional, paving the way for receipt of $3 million in funds.
Immediately upon receipt of the funds, GMR commenced the current drilling program. Two rigs are currently in operation, with each rig completing approximately 30 holes per day.
Korongou has little outcrop and is predominantly covered with shallow laterite and soil.
Mapping completed to date has focussed on areas that have been opened up by artisanal workings. Auger drilling will provide systematic geochemical coverage beneath the laterite and soil cover.
Analysis of aeromagnetic images has shown that there are many interesting structures that are potentially gold-bearing, beneath the cover.
Drilling will also test new areas of artisanal mining where significant rock chips have been returned.
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