Golden Rim Resources Ltd (ASX:GMR) has continued to delineate multiple, broad, subparallel zones of gold mineralisation from its second round of resource definition drilling at its Kada Gold Project in Guinea.
The company’s reverse circulation (RC) program across seven holes totalling 1,093 metres has intersected strong gold results including:
- 61 metres at 1.2g/t gold from surface including 7 metres at 3.5g/t gold from 42 metres;
- 38 metres at 1g/t from 62 metres including 4 metres at 3.4g/t from 80 metres; and
- 42 metres at 1.5g/t from 141 metres including 7 metres at 4.0g/t from 165 metres.
Moving forward, these new results will add significant ounces to the planned Kada maiden Mineral Resource Estimate (MRE), on track for delivery in February 2022.
Watch: Golden Rim's resource definition drilling paints a positive picture for maiden resource
“Exciting target areas”
Golden Rim managing director Craig Mackay said: “The seven holes reported in this release infilled gaps in previous drilling within and surrounding the Newmont non-JORC gold resource area.
“We drilled KRC049 in the underexplored northern portion of the resource area and it returned promising long intercepts of gold mineralisation in both the oxide and fresh material.
“Golden Rim has also extended its RC exploration drilling contract to provide more coverage along the 15-kilometre Kada gold corridor.
“Our initial focus for this exploration drilling is immediately north of the resource area, before moving to test several exciting target areas along the corridor that have potential to add more ounces to the Kada gold inventory.”
Golden Rim’s second round of received (purple) and outstanding (orange) resource definition drilling and preliminary 0.3g/t gold grade shells (blue) results
Drilling results
Golden Rim has completed the second round of Kada resource definition drilling across 46 holes for 6,796 metres.
New assay results are encouraging, with sub-parallel zones of gold mineralisation obtained in many holes with other strong intersections including:
- 13 metres at 0.9g/t gold from 73 metres;
- 18 metres at 0.7g/t from 1 metre; and
- 23 metres at 0.7g/t gold from 98 metres.
Moving forward, exploration RC drilling is underway and progressing well along the Kada gold corridor.
KRC047 drill chips from 0-60m showing gold grades (g/t)
Next steps
- Assays for the final ten holes of the resource definition drilling are pending with results expected over the next few weeks.
- A maiden JORC-compliant MRE for Kada is scheduled for February 2022, after the remaining drilling assays are received and included in the calculations.
- A regional exploration RC drilling program is now well underway and is testing the more highly anomalous bedrock gold areas along the 15-kilometre Kada gold corridor, that extends either side of the Newmont gold resource area.
- A total of 3,950 metres of exploration drilling is planned after a contract extension was negotiated.
- Golden Rim’s second round of auger drilling will extend coverage beyond the Kada gold corridor into the southern portion of the Bamfele permit - the eastern portion of the Kada permit is now complete with results expected within this month.
- Representative samples of drill core (635kg) from Kada are undergoing metallurgical test work by ALS Laboratories in Perth, Western Australia, with results expected in March 2022.