Golden Rim Resources Ltd (ASX:GMR) has discovered a new zone of broad oxide gold mineralisation within the Kada Gold Project in eastern Guinea and outside the bounds of the imminent mineral resource estimate (MRE) for the project.
Exploration and extensional reverse circulation (RC) drilling was conducted over 23 holes for 3,472 metres, with the latest highlights including 66 metres at 1.0g/t gold from 29 metres, sampled from some 400 metres north of the MRE area within the Kada gold corridor.
These new results highlight the potential for discovery of additional gold mineralisation along the 15-kilometre Kada gold corridor, 11 kilometres of which remains to be drill tested.
Golden Rim says the new oxide gold zone remains open at depth and to the north and south.
Multiple exciting bedrock gold targets
“Golden Rim’s first exploration drilling at Kada outside Golden Rim’s maiden MRE area, which includes the Newmont non-JORC gold resource area, has already successfully intersected broad zones of shallow, oxide gold mineralisation,” Golden Rim managing director Craig Mackay said.
“The new oxide intersection of 66 metres at 1.0g/t gold is highly significant. It lies only 400 metres north of the MRE area and demonstrates the exceptional potential for Golden Rim to expand the gold inventory at Kada.
“We are continuing to drill test the multiple exciting bedrock gold targets identified along the 15-kilometre-long Kada gold corridor.
“With this first round of exploration drilling completed at Kada, we eagerly await the results for the remaining 13 holes, with visible gold in several of these.
“Once these assays are received and compiled, we plan to commence a second round of exploration drilling.”
The final 11 assays from resource extension drilling have also been returned, defining another mineralised zone of gold in the southern portion of the MRE area. Best intersections included:
- 7 metres at 2.1g/t gold from 97 metres;
- 5 metres at 2.1g/t gold from 52 metres;
- 1 metre at 24.0g/t gold from 0 metres, including 11 metres at 0.9g/t gold from 27 metres and 11 metres at 1.0g/t gold from 85 metres;
- 4 metres at 2.8g/t gold from 13 metres; and,
- 15 metres at 0.7g/t gold from 119 metres;
Assays from 13 exploration holes are still pending, but Golden Rim has now completed the first round of exploration drilling for Kada.
RPM Global has begun preparing Kada's maiden MRE, scheduled for completion by the end of this month, when all the results from the resource definition drilling program can be included.
About Golden Rim Resources
Golden Rim Resources is an exploration company with a portfolio of advanced mineral exploration projects in Burkina Faso and Guinea in West Africa along with Chile in South America.
The company has discovered the Kouri Gold Project covering 325 square kilometres of prospective Birimian greenstones in northeast Burkina Faso and has outlined an indicated and inferred mineral resource of 50 million tonnes at 1.3 g/t gold for 2 million ounces.
Golden Rim has also secured a second highly promising gold project, Kada, in eastern Guinea and is undertaking an aggressive exploration program.