Pic: John W Banagan / Stone via Getty Images
14,000m drilling blitz set to add ounces to 1.4moz Kouri resource
Mining
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Special Report: Golden Rim wants to add ounces fast — with a multi-pronged 14,000m drilling program at its flagship 1.4-million-ounce Kouri project due to kick off within weeks.
The funds raised from a rights issue – which closes tomorrow – will fund an aggressive, multipronged drilling and exploration program at the (very underexplored) Kouri project in Burkina Faso, which recently returned super high-grade intercepts.
Target #1 is the Diabatou prospect, where Golden Rim (ASX: GMR) hit incredible grades like 1m at 783.8 grams per tonne (g/t) gold in August.
To put 783g/t in context, anything above 5g/t is generally considered high grade.
This is a target untouched by previous exploration, which means the discovery upside at Diabatou is massive.
Following this, Golden Rim will target other high-grade gold zones including the Maré – Guitorga North IP anomaly, adjacent to the existing 1.4moz Kouri resource.
At Maré, a recent intercept of 3m at 6.7g/t gold from 84m (including 1m at 16.1g/t) confirms the high-grade gold dips to the southeast and remains open along strike and at depth
About 2.7km along the IP anomaly to the northeast of Maré is the Guitorga North target, which lies beneath shallow river channel sediments making it too deep for auger drilling. This is another area considered a priority for follow-up reverse circulation and diamond drilling.
Infill Drilling will also be conducted at the existing 1.4moz resource, which basically improves confidence in the ounces that Golden Rim already has.
Further drilling will test another 500m of strike extent to the Kouri gold lodes that run into the recently acquired Gouéli Permit:
The first five drill holes to be completed across the border have all returned significant gold intercepts, the company says.
These results include 12m at 1.9g/t gold from 71m, including 1m at 15.9g/t gold.
