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Golden Rim Resources Ltd.
Summary
| Project: | Kouri | |
|---|---|---|
| Deposit: | Red Hills | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2018: Golden Rim Resources Ltd. announces an Exploration/Drilling Update report for its Red Hills deposit at the Kouri project. Drilling results incl. 16m @ 1.8g/t Au from 29m. Golden Rim Resources Ltd (ASX: GMR) (Golden Rim or the Company) is please | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Craig Mackay (Internal) | |
| ABSTRACT: | Golden Rim Resources Ltd (ASX: GMR) (Golden Rim or the Company) is pleased to announce a new gold discovery at Red Hill, following the return of assays from its regional RC drilling program at its 100% owned Kouri Gold Project (Kouri) in Burkina Faso. The latest assay results are for 16 RC holes drilled to test gold-in-auger and geophysical target areas southwest of the Kouri Mineral Resource area (NKRC016 - NKRC031). Drill hole location details and significant gold intercepts for these holes are depicted in Figures 1 to 4 and Tables 1 and 2. Further details regarding the results are set out below. Red Hill Discovery The Red Hill prospect is located 4.5km southwest of the maiden 1 Moz Mineral Resource at the Banouassi prospect at Kouri (Figure 3). Previous auger drilling around Red Hill defined a 600m long x 150m wide gold-in-auger anomaly, with results up to 435 ppb gold, which is coincident with a 3km long northeast-trending IP chargeability high anomaly and a prominent bend in an extensive east-west trending magnetic high anomaly (Figures 1, 3 and 4). Approximately 1km to the west-southwest of Red Hill, along the same magnetic anomaly, previous drilling by Golden Rim intersected 4m at 9.2 g/t gold in hole NKRC005. The orientation of the IP chargeability high anomaly is oblique to the surrounding chargeability anomalies and may be associated with a cross-cutting structure | |
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