Copper gold hits for Golden Rim Resources

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THE DRILL SERGEANT: West Africa-focused gold play Golden Rim Resources has hit copper and gold intersections during a second program of reverse circulation drilling on its Balogo project in Burkina Faso.

Golden rim completed a total of 35 RC drill holes in the Phase 2 drilling program, which focussed on the southwest part of the Balogo Hill prospect.

Drilling was centred on a gold-in-soil anomaly where earlier drilling intersected gold and copper mineralisation, the company considered to be possibly associated with a porphyry intrusive unit.

Golden Rim said the latest drilling defined a second mineralised shear zone, called the Netiana Shear Zone, which runs parallel to the Cobra Shear Zone.

Golden Rim Resources managing director Craig Mackay said Balogo Hill continues to be one of the Company’s highest priority prospects.

“The Phase 2 Program at Balogo has provided additional copper and gold intercepts along the Cobra Shear Zone and has identified new high-grade gold mineralisation in the parallel Netiana Shear Zone,” Mackay said in the company’s announcement to the Australian Securities Exchange.

“Our detailed ground geophysical surveys have provided a much greater geological understanding of the extent and geometry of the Cobra Shear Zone.
 
“A 1.3 kilometre outcropping portion of the structure which has coincident copper and gold soil anomalies along with magnetic and Induced Polarisation anomalies will be the initial focus of our next drilling at Balogo, following the rainy season.”

Two parallel zones of gold mineralisation have been intersected within the Netiana Shear Zone.

There is a hanging-wall mineralised zone and a higher grade footwall mineralised zone approximately 20 metres below.

Intercepts in the hanging-wall zone include:

– 14 metres at 2.56 grams per tonne gold.

While intercepts in the footwall zone include:

– 4m at 3.02 g/t gold;

– 8m at 5.75 g/t gold; and

– 5m at 32.55 g/t gold, including 1m at 138.8 g/t gold.

Golden Rim has tested around 600m of the strike extent of the high priority geochemical and geophysical anomalies along the Cobra Shear Zone.

The best intersection from this drilling is:

– 11m at 2.15 g/t gold, 2.75 % copper, including 3m at 5.83 g/t gold, 8.15 % copper.

A further 3.2km of strike of the Cobra Shear Zone to the northeast is yet to be tested with drilling.