Drilling underway at Kada gold project. Source: Golden Rim Resources/Twitter
Market Herald logo


Be the first with the news that moves the market
  • Golden Rim Resources (GMR) receives the last batch of results from its recent 57-hole drilling effort at its Kada gold project in Guinea
  • Positively, the company says the program achieved its goal of finding additional oxide gold mineralisation outside the existing resource area
  • Golden Rim received results from the Bereko and Massan prospects and is “particularly thrilled” with results from Bereko which uncovered mineralisation over 2.5 kilometres
  • The company is waiting on results from survey work and an infill program and is planning to undertake follow-up drilling
  • GMR shares end the day 3.7 per cent in the green to close at 5.6 cents

Golden Rim Resources (GMR) has announced results for the final 36 reverse circulation (RC) holes completed at its Kada gold project in Guinea.

The West African gold explorer recently completed a 57-hole drilling program that aimed to test auger gold anomalies along the 15-kilometre-long Kada corridor and outside the mineral resource estimate (MRE) area.

The program also included three infill holes which were completed within the MRE area.

Golden Rim said the drilling has achieved its objective of identifying additional zones of oxide gold mineralisation outside the existing 930,000-ounce MRE area.

Latest results come from the Massan prospects (to the north and east of the MRE) and the Bereko prospect.

Bereko returned 19 metres at 0.6 grams per tonne (g/t) gold from 24 metres and six metres at one g/t gold from 127 metres. These results build on previously reported intersections of 10 metres at 5.6 g/t gold from five metres including two metres at 18.9 g/t gold.

“We are particularly thrilled with the results from our drilling at Bereko prospect, seven kilometres north of the MRE, where we have discovered multiple zones of shallow oxide mineralisation that extend over 2.5 kilometres,” Managing Director Craig Mackay said.

Drilling at Massan North has defined broad oxide gold zones that extend for up to one kilometre north of the MRE.

Highlighted results include 14 metres at 0.8 g/t gold and 45 metres at 0.7 g/t gold from 50 metres.

Over at Massan East, new results include 10 metres at 2.5 g/t gold from 92 metres and 43 metres at 1.2 g/t gold from 107 metres including nine metres at 3.4 g/t gold.

“We are also pleased with the broad zones of additional gold mineralisation, most of it shallow oxide, that we are locating just outside the margins of the MRE at the Massan prospect,” Mr Mackay added.

Golden Rim Resources is waiting on results of a geophysical survey and a 2000-metre infill auger drilling program at Kada. These results are due in the next few weeks ahead of planning follow-up RC drilling.

Company shares have ended the day 3.7 per cent in the green to close at 5.6 cents.

GMR by the numbers
More From The Market Herald

" ResApp (ASX:RAP) receives FDA clearance for SleepCheckRx

ResApp (ASX:RAP) receives 510(k) clearance from the US Food and Drug Administration (FDA) for its at-home…

" Galileo Mining (ASX:GAL) raises $20.4m to expand drilling at Callisto

Galileo Mining (ASX:GAL) raises $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in…
The Market Herald Video

" Strike Energy (ASX:STX) and Talon Energy (ASX:TPD) to commence flow testing at Walyering-6, WA

Joint venture (JV) partners Strike Energy (ASX:STX) and Talon Energy (ASX:TPD) are gearing up to begin…
The Market Herald Video

" Brookside Energy (ASX:BRK) completes isolation plug milling at Flames Well

Brookside Energy (ASX:BRK) successfully completes milling out the isolation plugs used in the multi-stage stimulation at…