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Golden Rim Resources Ltd.
Summary
| Project: | Kouri | |
|---|---|---|
| Deposit: | Banouassi | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-7-2017: Golden Rim Resources Ltd. announces an Exploration/Drilling Update report for its Banouassi deposit at the Kouri project. Drilling results incl. 10m @ 11.0g/t Au from 111m. Golden Rim Resources Ltd (ASX: GMR, Golden Rim, Company) advises that it | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Craig Mackay (Internal) | |
| ABSTRACT: | Golden Rim Resources Ltd (ASX: GMR, Golden Rim, Company) advises that it has received the gold assays for a 19 hole (2,747m) reverse circulation (RC) drilling program recently conducted at the Banouassi Prospect (Banouassi) within its 100% owned Kouri Gold Project (Kouri) in Burkina Faso. Golden Rim’s Managing Director, Craig Mackay, said “The recent RC drilling program at Kouri has outlined extensive new zones of gold mineralisation well outside the current Exploration Target of approximately 500,000 to 611,000 ounces of gold.” “This is an important step towards delineating a maiden Mineral Resource at Kouri. Our next step is further infill drilling, including deeper drilling, which is planned for October and November 2017.” “The planned infill drilling will continue to target the gap in previous drilling. This gap now extends for 650m and covers the Guitorga Lodes where the bulk of the gold mineralisation at Banouassi is hosted and where we have previously received encouraging auger gold results.” “Of note also, is that the current Exploration Target includes mineralisation to a depth of only 70m. With deeper drilling, we believe there is potential to expand the mineralisation that will be captured in a maiden resource estimate.” “The strategy therefore is to combine the newly discovered mineralisation, any additional mineralisation outlined in the planned infill and deeper drilling program, and the previously identified mineralisation that was included in the Exploration Target into a maiden Mineral Resource for Kouri.” “Our work at Kouri continues to reinforce our long held view that the project has the potential to deliver Golden Rim with a large, open pittable gold resource at a moderate grade and to create significant value for our shareholders.” “Burkina Faso is the fastest growing gold mining region in Africa with 9 new gold mines commissioned in the past decade and several others under construction. Very large gold deposits are being outlined and merger and acquisition activity in the country seems to be accelerating. We look forward to an exciting time ahead for Golden Rim as we progress Kouri,” said Mr Mackay. | |
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