Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Golden Rim Resources Ltd.
Project name: Kada
Location: Guinea
Commodities: Gold
Highlight: Drilling results incl. 96m @ 3.3g/t Au from 28m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: West African gold explorer Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company) is pleased to announce high-grade gold assay results from its second round of resource definition drilling at the Kada Gold Project (Kada) in Guinea. The assays received are for five reverse circulation (RC) drill holes (totalling 701m). Golden Rim recently commenced its second round of Mineral Resource definition drilling at Kada, focused on an area where Newmont previously outlined a non-JORC gold resource (Figures 2 & 4). New assay results from five infill reverse circulation (RC) holes (KRC023 – KRC026 & KRC023R) for 701m on drill section 1,224,040mN are reported in this announcement (Figure 1). Drill hole collar details are provided in Table 1 and the hole locations are depicted on Figure 2. All significant new gold intersections (≥5m x g/t gold) are presented in Table 2 and Figure 1. The best new gold intersections are located east and west of the previous drilling in fully or partially oxidised material (oxide and transition zones). A number of intersections remain open at depth and along strike. Drilling continues to identify additional gold mineralisation for inclusion in the maiden Mineral Resource estimate. The drilling further confirms the continuity of a deep (>100m) oxide gold blanket, in the centre of the gold resource area, that is more than 650m wide.
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