Golden Rim Extends Gold Lodes at Kouri Project

THE DRILL SERGEANT: Golden Rim Resources (ASX: GMR) reported the latest drilling results from a major exploration campaign underway at the company’s Kouri gold project in Burkina Faso.

Mineral Resource extensional drilling on the Kogodou prospect has confirmed eastern strike extensions up to 350 metres for the multiple gold lodes that comprise the project’s 1.4 million ounce Mineral Resource.

Best of the latest gold intercepts include:

15 metres at 1.2 grams per tonne gold from 7m, including 1m at 11.6g/t gold and a 1m artisanal mining cavity; and

8m at 2.2g/t gold from 106m, including 1m at 14.3g/t gold.

Golden Rim has assays pending for drill holes located up to 700m east of the Mineral Resource where it indicated it has observed strong, multiple zones of quartz – pyrite mineralisation, which is generally associated with gold at Kouri.

The company believes this suggests potential for further extensions to the gold lodes exists, adding that the results continue to confirm the potential for a major strike extension to the east of the Mineral Resource and into the Kogodou prospect where high-grade gold results have been obtained in rock chip sampling over multiple structures for approximately four kilometres.

Drilling is ongoing at the Kogodou prospect with a Mineral Resource update scheduled for the June 2020 quarter.

“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 100 metre intervals,” Golden Rim Resources managing director Craig Mackay said in the company’s announcement to the Australian Securities Exchange.

“To date, we have drilled holes over 700 metres to the east of the Mineral Resource.

“The results so far have been impressive and we still have a further three kilometres 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.

“We believe the potential to considerably expand the Mineral Resource at Kouri is huge.”

New infill drilling has also been carried out in the sparsely drilled northeast portion of the Mineral Resource that has confirmed the continuity of the gold lodes in this area.

Healthy intercepts have been encountered, including:

6m at 1.9g/t gold from 0m, including 1m at 10.1g/t gold and 7m at 1.7g/t gold from 45m.

Elsewhere, regional drilling at Diabatou East, 9km northeast of the Mineral Resource, encountered a gold intercept of:

2m at 5.7g/t gold from 114m.

This was achieved in the first drilling to test a 1.7km long IP chargeability anomaly highlighting the potential for the discovery of further mineralisation.