West African gold explorer Golden Rim Resources Ltd (ASX:GMR) has confirmed further multiple, broad, sub-parallel zones of gold mineralisation in the Newmont gold resource area within its Kada Gold Project in Guinea.
Assay results were reported from three infill diamond drill holes, totalling 560.5m, with notable intersections including:
- Hole KDH006:
- 8m at 2.1g/t gold from 24m;
- 10m at 2.6g/t gold from 51m, including 1m at 16.7g/t gold;
- 8m at 3.3g/t gold from 108m, including 1m at 13.9g/t gold; and
- 33.5m at 1.0g/t gold from 169m (hole ended in mineralisation)
- Hole KDH007:
- 17m at 1.6g/t gold from 0m;
- 23m at 1.8g/t gold from 23m; and
- 44m at 0.9g/t gold from 51m.
- * At a 0.2g/t gold cut-off grade, the oxide – transition mineralisation in KDH007 bulks out to 95m at 1.1g/t gold from 0m
- Hole KDH008:
- 19m at 1.6g/t gold from 19m, including 1m at 10.5g/t gold; and
- 22m at 0.7g/t gold from 51m
GMR reports that assays for 3 diamond, 18 RC, and 1,782 auger holes are pending and are expected over the coming weeks, with the maiden JORC MRE for Kada on track for the second half of calendar year 2021.
The Kada Gold Project comprises two exploration permits (Kada and Bamfele) and covers an area of 200km² in eastern Guinea. It is located in the central Siguiri Basin and lies 36km along strike from the 10Moz Siguiri Gold Mine operated by AngloGold Ashanti.
Kada is an advanced gold project, having previously been explored by Newmont between 2007 and 2012. Newmont had completed 33,857m of drilling over 297 holes, and had outlined a non-JORC gold resource at the project.
To date, Golden Rim’s auger drilling has identified gold anomalous bedrock in the corridor for 1.4km north and 2.4km south of the Newmont gold resource area, suggesting there is potential to extend the gold zones along strike.
Updates and further work
GMR’s exploration and infill drilling is expected to continue to target projected lateral and depth extensions of the mineralisation, and to increase the confidence in the Mineral Resource. A second round of drilling is expected to commence in September 2021 after pending assays are received and assessed.
“The gold mineralisation is showing strong continuity and we are outlining an exceptionally broad (~500m wide) zone of deep oxide – transition gold mineralisation”
Golden Rim’s Managing Director Craig Mackay said: “Our resource definition drilling is successfully filling in the large gaps in the previous Newmont drilling at Kada.
The gold mineralisation is showing strong continuity and we are outlining an exceptionally broad (~500m wide) zone of deep oxide – transition gold mineralisation in the area where Newmont previously calculated a non-JORC gold resource.
We eagerly await more drilling assays from which we expect to gain a better understanding of the extent of this exciting gold mineralisation.”
Images: Golden Rim Resources Ltd