Golden Rim Resources Ltd (ASX: GMR) has reported assay results from 1,782 auger drill holes totalling 18,904m at its Kada Gold Project in Guinea, with results pointing to an expanded 15km bedrock gold corridor.
GMR has interpreted the corridor as sitting on a “major regional gold trend” that runs through to AngloGold Ashanti’s 10 million ounce Siguiri Mine, located 35km to the north. Results of strong oxide gold mineralisation are drawn from an area covering only 800 meters of the potential 15km corridor.
The company plans to conduct follow-up RC drilling outside of the Newmont gold resource area beginning in September, with potential for additional mineralisation to be included in Kada’s maiden JORC MRE, expected later in 2021.
Kada Gold Project
The Kada Gold Project encompasses two exploration permits totalling 200km² in eastern Guinea. The project is situated 36km along strike from AngloGold Ashanti’s 10 million ounce Siguiri Gold Mine in the central Siguiri Basin.
Kada is an advanced gold project, which has previously been explored by Newmont Corp., and has a non-JORC gold resource derived from 33,857 meters of drilling.
“Extensive areas of strongly anomalous bedrock gold have been identified outside the Newmont gold resource area”
Management comments
Golden Rim Managing Director Craig Mackay said: “Golden Rim’s major regional auger program at Kada has proved to be hugely successful. Extensive areas of strongly anomalous bedrock gold have been identified outside the Newmont gold resource area. These anomalous areas are highly prospective for additional oxide gold mineralisation.
“We expect to commence a second round of resource definition drilling at Kada in September. As well as infill drilling within the Newmont gold resource area, Golden Rim plans to utilise an RC drill rig to test priority target areas along the bedrock gold corridor.
“Any additional mineralisation in the initial drilling is expected to be included in the maiden Mineral Resource, which is on track for delivery this calendar year.”
Images: Golden Rim Resources Ltd
