West African gold explorer
Highlights
A 2,000m infill auger drilling program on 100m x 50m spacing is now underway, at Bereko and Bereko South prospects.
Golden Rim's first pass 200m x 50m spaced auger drilling delineated widespread anomalous gold in deeply weathered bedrock beneath shallow laterite cover along the 15km Kada Gold Corridor.
Golden Rim's regional exploration reverse circulation (RC) drilling, targeting the auger gold anomalies, has to date successfully located significant zones of additional oxide gold mineralisation outside the Kada Mineral Resource Estimate (MRE) area (930,000oz1 gold).
In particular, the RC drilling discovered high-grade and/or broad zones of oxide gold mineralisation at Bereko and Bereko South where intersections including 11m @ 6.3g/t gold, 10m @ 5.6g/t gold and 27m @ 1.2g/t gold remain open along strike and at depth.
Follow-up RC drilling is planned after the infill auger drilling and an Induced Polarisation (IP)/ground magnetics geophysical survey (currently underway) are completed.
Golden Rim's Managing Director,
Kada Infill Auger Drilling
Golden Rim has commenced an infill auger drilling program at the Bereko and Bereko South prospects at Kada. Approximately 2,000m of auger drilling is planned, with holes to be drilled on 100m x 50m pattern to infill Golden Rim's first pass 200m x 50m spaced auger drilling. The auger holes are vertical in orientation with an average depth of 10m. The holes are designed to penetrate the shallow laterite cover to obtain a sample of the weathered bedrock (saprolite) beneath for gold analysis. Golden Rim expects the infill auger program to be completed in approximately 1 month with all assay results received by
Current Progress & Next Steps
In addition to the 2,000m auger drilling presently underway, assays are expected shortly for the final 36 holes of Golden Rim's recently completed 57-hole (5,426m) RC exploration drilling program. This program tested six prospects along the Kada Gold Corridor: Bereko, Bereko South, Sadan, Sadan South, Massan and Massan South, along with Sinin, a seventh prospect, to the east of the corridor and included the first drilling for the Sadan, Sadan South, Massan South and Sinin prospects. Golden Rim's major IP and ground magnetics geophysical survey of Kada is progressing well and on track for completion by the end of May. Golden Rim will use results of the survey to plan further exploration at Kada during 2022, including planning further drilling to follow up the highly encouraging initial drilling results delivered at Bereko and Bereko South to date
Contact:
Tel: +61 3 8677 0829
Forward Looking Statements
Certain statements in this document are or maybe 'forward-looking statements' and represent Golden Rim's intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim's actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.
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