Golden Rim outlines new gold targets
THE BOURSE WHISPERER: A recently completed high resolution airborne magnetic survey carried out by Golden Rim Resources has outlined three major structural zones at the company’s Sebba project in Burkina Faso.
The company said the results show the zones to be highly prospective settings for gold mineralisation.
According to the Golden Rim announcement the aeromagnetics survey has identified a highly complex series of major structures including three regional NE-SW trending shear zones, up to three kilometres wide, and associated cross structures.
“The major shears collectively have a strike length in excess of 140 kilometres,” Golden Rim said.
“To date, only 22 kilometres of strike length has been explored by Golden Rim on one of the shear zones which transect the Yipelli and Gandi permits.”
The structure explored by the company so far has revealed a relatively subdued magnetic signature compared to the other major shear zones identified by the survey.
Golden Rim said its work on this structure has defined a major gold-in-soil anomaly and produced significant gold intercepts at the Tyena prospect.
The best intercepts include 8 metres at 2.43 grams per tonne gold, 12m at 1.46 g /t gold and 12m at 1.34 g /t gold, in a first pass RAB drilling program.
The aeromagnetic survey covered an area of more than 1,175 square kilometres and was conducted on north-south, 200m spaced, lines with a nominal ground clearance of 30m.
Golden Rim has recently commenced soil sampling and geological mapping on the Komondi permit at Sebba along the southern NE-trending shear zone.
The company said this shear appears to extend northeast to the extensive Solna artisanal gold workings located on ASX-listed Predictive Discovery’s Bangaba project area.
Solna is the largest artisanal mining community in the region with over 4,000 inhabitants.
A detailed structural interpretation of the new magnetic data at Sebba has also commenced.
Golden Rim has also negotiated new agreements to acquire 100% ownership in three newly granted exploration permits – Diagotta, Komondi and Namantougou – at Sebba.
The agreements are on similar terms to previous agreements with a total cash payment for each permit ranging between US$105,000 – US$160,000.
The payments are to be made in stages over three years.
Two additional permits – Gandi and Dioga – that comprise the Sebba Project were recently renewed for a further three years, whereas Golden Rim has withdrawn from two permits – Fouga and Kourori – following negative surface geochemical sampling results.
Golden Rim now has seven continguous granted exploration permits in the Sebba Project covering an area of 1,500sqkm.
The company’s total permit holding in Burkina Faso is now 3,140sqkm.