Golden Rim Resources hits new gold intersections at Balogo

THE DRILL SERGEANT: An ongoing auger drilling program being conducted by Golden Rim Resources (ASX: GMR) in the vicinity of the Netiana Lodes at the company’s Balogo project in Burkina Faso has outlined a number of new gold anomalies in weathered bedrock.

“The discovery of multiple gold anomalies in auger drilling, directly along strike/adjacent to the Netiana Lodes, is exciting news for the company,” Golden Rim resources managing director Craig Mackay said in the company’s announcement to the Australian Securities Exchange.

 

Location of the new auger gold anomalies at Balogo. Source: Company announcement

 

“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.

“The new auger gold anomalies present exciting new exploration targets for satellite gold mineralisation.”

According to Golden rim the recent drilling has outlined a new auger gold anomaly (Netiana North) in weathered bedrock, 300m northeast of the Netiana Lodes.

It has a very high peak value of 13,526 parts per billion (13.5g/t) gold, which Golden Rim said was its highest auger result ever obtained in West Africa.

The drilling has also identified another new auger gold anomaly (Kabola), with a peak value of 1,489ppb (1.5g/t) gold, again, in weathered bedrock, 100m south of the Netiana Lodes.

Golden Rim explained both of the new auger gold anomalies are larger in size and higher in tenor than the auger gold anomaly previously obtained over the high-grade Netiana Lodes, which covers an area of 300m by 150m and has a peak value of 581ppb gold.

The company expects to receive results from trenching across the Netiana North anomaly soon and follow-up RC drilling is planned at both Netiana North and Kabola.