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Golden Rim Resources Ltd.
Summary
| Project: | Kouri | |
|---|---|---|
| Deposit: | Red Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 1/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2019: Golden Rim Resources Ltd. announces an Exploration/Drilling Update report for its Red Hill deposit at the Kouri project. Drilling results incl. 4.0m @ 44.7g/t Au from 34m. 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 its reverse circulation (RC) drilling program conducted in the 1.4Moz gold Mineral Resource area at its 100% owned Kouri Gold Project (Kouri) in Burkina Faso (Figure 1). The new RC drilling comprises 23 holes (BARC314 – BARC336) for 2,867m. Hole details are provided in Table 1 and significant assay results are listed in Table 2. Hole locations and new drilling intercepts are depicted on Figure 2. A number of significant new gold intercepts were obtained from a footwall shear, which lies adjacent to the Mineral Resource, including The recent structural study competed by SRK Consulting (SRK) at Kouri interpreted the main cross-cutting east-west magnetic linear anomaly in the Mineral Resource area as a footwall shear and that this footwall shear may be the main fluid transfer pathway that mobilised mineralising fluids into the Mineral Resource area. Commenting on the latest results from Kouri, Golden Rim’s Managing Director, Craig Mackay, said: “We are excited about the very high grade gold intersections obtained from the footwall shear and the river channel to the west of the 1.4Moz gold Mineral Resource at Kouri. The magnetic anomaly associated with the footwall shear offers a highly attractive exploration target. The anomaly extends for more than 5km within the Kouri licence and then continues for at least the same distance into the Goueli and Margou licences that Golden Rim is currently in the process of acquiring. To date, the footwall shear has only been subjected to limited drilling and therefore we look forward to systematically testing this target.” | |
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