Golden Rim Resources Ltd (ASX:GMR) has kicked off its second round of resource definition drilling at the Kada Gold Project in Guinea ahead of a maiden resource estimate.
The reverse circulation drill program totalling 6,500 metres is more extensive than originally planned and is expected to be completed in early December 2021.
Importantly, Golden Rim aims to ensure that all results from this work program can be incorporated in a maiden mineral resource for Kada which it anticipates delivering in January 2022.
“Well-funded to advance”
Golden Rim managing director Craig Mackay said: “Our first round of resource definition drilling at Kada filled in many of the gaps in the previous Newmont drilling and discovered additional oxide gold mineralisation.
“We have delineated a thick, flat-lying blanket of soft oxide gold mineralisation that is now 800 metres long x 700 metres wide.
“This high-value gold mineralisation remains open in all directions and is our focus moving forward.
“With our recent $6 million capital raise, we are well funded to advance this core asset and we are excited that our second round of resource definition drilling has now commenced."
Drill program
Resource definition drilling will be focused in the Newmont gold resource area, as well as drilling of bedrock gold anomalies along the Kada Gold Corridor targeting additional gold mineralisation to be included in the mineral resource estimate.
The RC drilling program includes infill holes with an average depth of 150 metres in the Newmont resource area, along with holes to the north and south of this area, along the Kada Gold Corridor, to test bedrock gold anomalies defined in the auger drilling.
Follow up analysis and interpretation of results from the first round of resource definition drilling has now identified additional target areas in the Newmont resource area with potential for oxide gold mineralisation and further holes have been scheduled along the Kada Gold Corridor.
Cumulative oxide gold grade thickness image for the Newmont gold resource area at Kada with significant oxide gold drill intersections
Aim to extend oxide blanket
Mackay adds: “This aims to further extend the oxide blanket prior to preparing the maiden mineral resource for delivery in January 2022.
“It includes infill drilling in a large gap central to and surrounded by the Newmont gold resource area, where significant extensions to the oxide gold mineralisation are expected.
“Importantly, the new drilling will also include holes along strike to the north and south of the Newmont gold resource area, where Golden Rim has identified highly anomalous bedrock gold in auger drilling and where there is excellent potential to outline additional oxide gold mineralisation that can be incorporated in the maiden mineral resource.”
About the company
Golden Rim Resources is an ASX listed exploration company with a portfolio of advanced minerals projects in Guinea and Burkina Faso, West Africa and in Chile, South America.
The company’s flagship project is the advanced Kada Gold Project in eastern Guinea which remains one of the most under-explored countries in West Africa.
Golden Rim is focused on the extensive oxide gold mineralisation at Kada and with the completion of infill drilling, the company is planning to deliver a maiden JORC resource in January 2022.
Most of the 200 square kilometres of project area remains poorly explored and there is considerable upside for the discovery of additional oxide gold mineralisation.