Golden Rim Resources Ltd (ASX: GMR) has reported results including 46m @ 1.3 g/t Au from resource definition drilling at its Kada Gold Project in Guinea. Multiple broad, sub-parallel zones of gold mineralisation have been confirmed by diamond drilling in the Newmont gold resource area at the project.
Highlight results include:
- Hole KRC001:
- 11m @ 1.8g/t Au from 12m
- 46m @ 1.3g/t Au from 51m
- including 11m @ 3.1g/t Au from 69m
- including 1m @ 15.7g/t Au from 69m
- Hole KRC004:
- 13m @ 1.9g/t Au from 73m (hole ended in mineralisation)
- including 1m @ 9.2g/t Au from 73m
- 13m @ 1.9g/t Au from 73m (hole ended in mineralisation)
The new gold intersections are shallow, completely or partially oxidised, and sit sub-parallel to a Newmont oxide intersection of 4m @ 28.4g/t Au from 20m, including 1m @ 95.7g/t Au from 21m.
Resource definition drilling at Kada
Golden Rim recently completed its first round of mineral resource definition drilling at Kada, concentrating on an area where Newmont had previously defined a non-JORC resource. The new assay results from four infill RC holes were reported in this announcement.
Golden Rim’s auger drilling has revealed strongly gold anomalous bedrock in the corridor spanning 1.4 kilometres north and 2.4 kilometres south of the Newmont gold resource region, indicating that the gold zones could be greatly extended along strike. The goal of follow-up drilling will be to define extensions to the shallow oxide – transition mineralisation.
Up next
Golden Rim has opted to suspend its resource definition drilling for a short period of time in order to receive and review the large number of outstanding assays before proceeding with further drilling. The company reports that a second phase of drilling is expected to begin in September 2021.
“Golden Rim’s auger drilling has identified anomalous gold in bedrock for a further 1.4km to the north of the Newmont gold resource”
Management comments
Golden Rim Managing Director Craig Mackay said: “Our new gold intersection of 46m at 1.3g/t gold from Kada is the best so far from the first round of resource definition drilling. It is exciting that it lies on the most northern section of drilling included in the Newmont gold resource and that the mineralisation is completely open to the north.
“Golden Rim’s auger drilling has identified anomalous gold in bedrock for a further 1.4km to the north of the Newmont gold resource and we believe there is excellent potential to substantially extend the gold zones along strike beyond the Newmont gold resource area.”
Images: Golden Rim Resources Ltd
