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- Golden Rim Resources (GMR) hits further gold following its second round of resource definition drilling at the Kada Gold project in Guinea
- Assay from seven reverse circulation drill holes from a second round of resource definition drilling returned up to 3.5 grams per tonne of gold
- The company says its drilling has continued to delineate multiple, broad, sub-parallel zones of gold mineralisation
- Assays for the final ten holes of the resource definition drilling are pending, with results expected shortly
- Golden Rim Resources is down 2.27 per cent, trading at 10.8 cents
Gold explorer Golden Rim Resources (GMR) has hit further gold following its second round of resource definition drilling at the Kada Gold project in Guinea.
The assay results came from seven reverse circulation drill holes totalling 1093 metres from its second round of resource definition drilling.
The company said its drilling has continued to delineate multiple, broad, sub-parallel zones of gold mineralisation. Results included 61 metres at 1.2 grams per tonne (g/t) gold from 0 metres, including 7 metres at 3.5 g/t gold from 42 metres.
“The seven holes reported in this release infilled gaps in previous drilling within and surrounding the Newmont non-JORC gold resource area,” said Golden Rim’s Managing Director Craig Mackay.
Meanwhile, Golden Rim also completed its second round of mineral resource definition drilling at Kada, which focussed on an area where Newmont previously outlined a non-JORC gold resource.
The company dubbed the new results as “encouraging,” with intersections including 14 metres at 0.9 g/t gold from 73 metres.
“Golden Rim has also extended its RC exploration drilling contract to provide more coverage along the 15 kilometre Kada gold corridor,” Mr Mackay said.
“Our initial focus for this exploration drilling is immediately north of the resource area, before moving to test several exciting target areas along the corridor that have potential to add more ounces to the Kada gold inventory.”
Assays for the final ten holes of the resource definition drilling are pending, with results expected shortly.
Golden Rim Resources was down 2.27 per cent, trading at 10.8 cents at 11:44 am AEDT.
