Golden Rim claims new zone of gold mineralisation at Balogo project
THE DRILL SERGEANT: Golden Rim Resources (ASX: GMR) has claimed discovery of a new zone of high-grade gold mineralisation in bedrock and a significant gold anomaly in auger drilling along strike from the Netiana Lodes at the company’s Balogo project in Burkina Faso.
“We are currently exploring for satellite, open pittable, gold resources to add to our existing gold resource on the Netiana Lodes with the objective of increasing the mine life and enhancing the economics of our planned mine development at Balogo,” Golden Rim Resources managing director Craig Mackay explained in the company’s announcement to the Australian Securities Exchange.
“This new near surface mineralisation is the first zone of ‘Netiana-style’ high grade gold mineralisation that has been located away from the Netiana Lodes and the new auger gold anomaly is very similar to the auger gold anomaly directly above the Netiana Lodes.
“Both areas are directly along strike from the Netiana Lodes and present exciting new exploration targets for satellite gold mineralisation.”
Location of the new zone of high-grade gold mineralisation and the
new auger gold anomaly at Balogo. Source: Company announcement
The new zone of mineralisation is situated one kilometre northeast along strike from the Netiana Lodes, where Golden Rim has outlined an Inferred Resource of 850,000 tonnes at 6.8 grams per tonne gold for 185,000 ounces.
The mineralisation is open in all directions and lies beneath two metres of transported soil cover.
Golden Rim said it had been identified in the last few weeks by local artisanal miners.
The company collected 14 rock chip samples of mineralisation exposed in the artisanal workings, which it submitted to BIGS Laboratory in Ouagadougou, Burkina Faso, for gold analysis.
All rock chip samples returned anomalous gold results with six returning assays greater than 10g/t gold.
These results included: 21.2g/t gold, 20.7g/t gold, 17.6g/t gold, 14.7g/t gold, 13.5g/t gold, and 12.8 g/t gold.
The new zone of gold mineralisation consists of multiple and strongly limonitic quartz – sulphide veins hosted in diorite, which are very similar in appearance to the high grade gold mineralisation in the oxide portion of the Netiana Lodes.
No auger drilling has been conducted in the area covering the new zone of mineralisation.
Golden Rim said it will commence an auger drilling program on a 100m by 25m grid over this area within the next few days.
Auger drilling around the new auger soil anomaly will be extended to the northeast.
A follow-up RC drilling program is then anticipated to be conducted.