Golden Rim strikes more gold in Burkina Faso
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Special Report: Golden Rim has intersected major extensions to the gold lodes that make up the existing resource at its Kouri project.
There’s still 3km of cross-structures to explore to the east of the existing 1.4-million-ounce resource at the Kouri project in Burkina Faso, but if the latest drilling results are anything to go by, Golden Rim Resources (ASX:GMR) is looking at a substantial resource upgrade.
Drilling at the Kogodou prospect has confirmed strike extensions of up to 350m for the multiple gold lodes that comprise the existing resource.
Top results include 1m at 11.6 grams per tonne (g/t) gold within a broader interval of 15m at 1.2g/t gold from a depth of just 7m and 1m at 14.3g/t gold within 8m at 2.2g/t gold from 10m.
Results over 5g/t are usually considered high grade.
Additionally, assays are pending for drill holes located up to 700m from the existing resource where strong, multiple zones of quartz-pyrite mineralisation, which is generally associated with gold at Kouri, have been observed.
This indicates the potential for further extensions to the gold lodes.
Infill drilling in the sparsely drilled northeast portion of the resource has also confirmed the continuity of the gold lodes in the area with results of up to 6m at 1.9g/t gold from surface and 7m at 1.7g/t gold from 45m.
Drilling is continuing at the Kogodou prospect with a resource update scheduled for the June 2020 quarter.
Kogodou extends for over 3.8km directly east of the current 1.4-million-ounce resource.
Golden Rim’s regional drilling has also returned a gold intercept of 2m at 5.7g/t gold from a depth of 114m at the Diabatou East prospect, about 9km northeast of the resource.
“At present, we are systematically stepping out to the east of the existing 1.4 million ounce mineral resource at Kouri, along a major cross-structure and completing fences of drill holes at 100m intervals,” managing director Craig Mackay said.
“To date, we have drilled holes over 700m to the east of the mineral resource. The results so far have been impressive, and we still have a further 3km along this cross-structure to explore.
“There are also an additional three cross-structures that we have identified to the east of the mineral resource that have returned high-grade gold in rock chip samples and which are yet to be drilled.”
Golden Rim’s Kouri project is connected to a major fault system which controls a number of really big gold deposits in Burkina Faso, like Kiaka (5.9moz), Bomboré (5.2moz), Essakane (7moz) and Sanbrado (2.8moz).