- Golden Rim Resources has gained over 66 per cent today after it announced exceptional high-grade gold results at its Kouri Gold Project
- Best results included a 784 g/t gold intercept
- Results found at Maré included 4m at 9.2g/t gold from 44m, including 1m at 22.8g/t gold from 45m
- Drilling at Kouri has been suspended due to the wet season, with drilling recommencing in September
- Assays for nine holes are still pending
Golden Rim Resources’ shares are up 66.7 per cent today after it announced new gold at its Kouri Gold Project in Burkina Faso.
The company reported exceptionally high-grade gold intersections from its reverse circulation (RC) drilling program at the Diabatou and Maré prospects.
New results at Diabatou include 7m at 121.2g/t gold from 41m in hole MRC008 at Diabatou, including: 1m at 783.8g/t gold from 44m.
These assay results are the most impressive Golden Rim has seen at Kouri, so far.
The Kouri Project is found 230 kilometres north-east of Ougadougou in Burkina Faso, West Africa. The project lies along the Samira Hill greenstone belt.
Managing Director Craig Mackay is pleased with the find.
“The first drilling program at Diabatou has provided spectacular high-grade gold intersections hosted in granite at a shallow depth. These are the best drilling results we have seen from Kouri so far,” he said.
The company has only explored a small portion of the granite area in which Diabatou is located. However it plans on expanding its claim.
“We also recently entered into an agreement giving us the exclusive right to purchase 100% of the Kotouri Exploration Permit which covers the remainder of the granite area not presently owned by Golden Rim,” Craig added.
Golden Rim also found gold intersections at its Maré prospect.
Best results found at Maré included 4m at 9.2g/t gold from 44m, including 1m at 22.8g/t gold from 45m.
Drilling at Kouri has recently been suspended due to the wet season so the company intends to recommence drilling in September this year.
“The new high grade gold intersections again demonstrate the extraordinary exploration upside at Kouri and the potential for additional grassroots gold discoveries,” he said
To date, 62 holes for 7827 metres of RC drilling have been completed from a planned program of 17,000 metres of RC drilling and 4000 metres of diamond drilling at Kouri. Today’s reported assay results are from 13 holes completed at Diabatou and 4 holes completed at Maré.
Golden Rim is now waiting for the assay results from an additional nine holes that have been completed across the Diabatou and Maré prospects.