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Golden Rim Resources Ltd.
Summary
| Project: | Kouri | |
|---|---|---|
| Deposit: | Red Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2019: Golden Rim Resources Ltd. announces an Exploration/Drilling Update report for its Red Hill deposit at the Kouri project. Drilling results incl. 10.0m @ 4.1g/t Au from 46m. Emerging West African gold explorer, Golden Rim Resources Ltd (ASX: GMR) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Craig Mackay (Internal) | |
| ABSTRACT: | Emerging West African gold explorer, Golden Rim Resources Ltd (ASX: GMR) (Golden Rim or the Company), is pleased to provide the results from further reverse circulation (RC) drilling at the Red Hill satellite gold prospect within its 100% owned Kouri Gold Project (Kouri) in Burkina Faso. Red Hill is located 4.5km southwest of the Kouri 1.4Moz gold Mineral Resource (Figure 1). The new follow-up RC drilling at Red Hill comprises four holes (NKRC51 – NKRC54) for 480m. Hole details are provided in Table 1 and significant assay results are listed in Table 2. Hole locations are depicted on Figure 2. A new intercept of 10m at 4.1g/t gold from 46m (NKRC054) was obtained 40m beneath a previous intercept of 11m at 3.4g/t gold from 16m (NKRC047). The mineralised zone is clearly distinguishable in drill chips and appears to have excellent down-dip continuity. The gold mineralisation intersected in holes NKRC054 and NKRC047 is the best gold mineralisation located to date at Red Hill and is situated at the intersection between two major shear zones and their associated magnetic high anomalies. The mineralisation remains open at depth and along strike. New drill holes completed 100m to the east of NKRC054 and NKRC047 intersected a series of closely spaced parallel gold zones. Intercepts include: 2m at 2.6g/t gold from 29m, 3m at 2.1g/t gold from 36m, and 9m at 1.0g/t gold from 53m (NKRC052). Previous drilling intersected 7m at 1.9g/t gold (NKRC046) 500m along one of the magnetic anomalies to the northwest, and 9m at 0.7g/t gold (NKRC050) 600m along the other magnetic anomaly to the southwest. | |
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