Special Report: More drilling success at Kouri means Golden Rim’s short-term 2-million-ounce gold target is rapidly approaching.
Golden Rim (ASX: GMR) recently acquired ground next door to the 1.4moz Kouri deposit in northeast Burkina Faso. It could be, as it turns out, a company-making move.
In early August, Golden Rim hit near surface intersections like 1m at 783.8g/t gold from 44mat the new Diabatou discovery, about 10km from Kouri and inside the new tenements.
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To put that into context, anything above 5g/t is generally considered high grade.
But the main reason Golden Rim acquired this ground was because it believed that the Kouri deposit actually trended next door into the Gouli Permit:
And the company was right. 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 1.9 grams per tonne (g/t) gold from 71m, including 1m at 15.9g/t gold.
But there’s a lot more gold to be found here. Mapping and satellite imagery indicate the artisanal workings on these gold lodes extend for at least 500m into Gouéli, and may extend further againbeneath shallow soil cover.
Assay results were also received for seven holes at the high-grade Maré prospect, which is associated with a strong 4km-long anomaly about 500m northwest and parallel to the 1.4moz resource.
A new intercept of 3m at 6.7g/t gold from 84m (including 1m at 16.1g/t) confirms the high-grade gold at Maré dips to the southeast and remains open along strike and at depth, Golden Rim says.
And 2.7km to the northeast of Maré is Guitorga North, which lies beneath shallow river channel sediments making it too deep for auger drilling. This is another area considered a priority for follow-up RC and diamond drilling.
Golden Rim is successfully heading toward its next goal of being a 2moz gold company, managing director Craig Mackay says.
“At Kouri we continue to locate more gold mineralisation around the 1.4moz mineral resource and our latest drilling results highlight two areas,” he says.
“Our first drilling in the newly acquired Gouéli Permit has confirmed the gold lodes that comprise the Mineral resource directly extend for a further 100m to the northeast.
“These lodes remain open along strike and our mapping and satellite imagery suggest that they extend for an additional 400m before heading under shallow soil cover.
“We have also discovered high-grade gold mineralisation approximately 500m northwest of the mineral resource, associated with a 4km-long IP geophysical anomaly which remains largely untested.
“Follow-up drilling in both of these areas is expected to commence in a few weeks, after the end of the rainy season.”