Golden Rim Resources Ltd. announced gold assay results for 12 reverse circulation (RC) drill holes (totalling 1,049m) from exploration drilling at its Kada Gold Project (Kada) in Guinea. Kada Exploration Drilling Golden Rim has conducted more than 44km of auger drilling across the Kada and Bamfele permits at Kada since first acquiring an interest in January 2021. The auger drilling identified multiple highly anomalous bedrock gold targets along/and outside the Kada Gold Corridor for follow-up exploration drilling.

An exploration RC drilling program comprising approximately 60 holes for 5,000m is currently underway to test these target areas. New assay results from 12 exploration holes for 1,049m are reported in this announcement. Results include five holes from the Bereko Prospect, six holes from the Bamfele Permit (south of the Kada Gold Corridor), and assays for the final hole (KRC071) from Golden Rim's previous round of exploration RC drilling at the Massan Prospect.

All significant new gold intersections (5m x g/t gold). Bereko Prospect Bereko lies within the Kada Gold Corridor, 9km north of the MRE area. RC drilling was conducted at Bereko on lines surrounding artisanal mine workings which had exposed bedrock stockwork gold mineralisation beneath shallow laterite cover.

Rock chip sampling of this mineralisation returned assays up to 171.5g/t gold. Golden Rim has completed 11 holes at Bereko (KRC085 ­ KRC093, KRC107, KRC111) for 988m. Assays have been received for five holes (KRC085 ­ KRC089) for 434m, assays for the remaining six holes are pending.

Oxide gold intersections were obtained in all five holes. Best gold intersections from these holes (0.3g/t gold cut-off) include: KRC085: 5m @ 3.9g/t gold from 16m, including 2m @ 9.4g/t gold; KRC086: 14m @ 1.3g/t gold from 27m, including 1m @ 14.0g/t gold; KRC087: 4m @ 3.1g/t gold from 42m; KRC088: 8m @ 0.8g/t gold from 11m; 13m @ 1.8g/t gold from 42m KRC089: 8m @ 1.2g/t gold from 60m, including 1m @ 7.8g/t gold. KRC085 and KRC086 were drilled on section 1,234,300mN.

Both holes were drilled. underneath the artisanal workings and both intersected multiple gold zones associated with oxidised quartz veins within highly oxidised, quartz-rich volcanic tuff. An intersection of 14m @ 1.3g/t gold, including 1m @ 14.0g/t gold was obtained in KRC086, 20m below the 171.5g/t gold rock chip location.

A parallel gold zone of 5m @ 3.9g/t gold, including 2m @ 9.4g/t gold was intersected in KRC085, 40m to the east. Both gold zones remain open at depth and along strike. The initial holes didn't test the full width of the artisanal mine workings and a deeper follow-up hole (KRC107) has been drilled.

Assays for this hole are pending. Holes KRC087 to KRC089 were drilled on section 1,234,200mN, south of the artisanal mine workings, to test the peak of the auger bedrock gold anomaly (values up to 580ppb gold). Drilling intercepted multiple gold zones associated with abundant oxidised quartz veins hosted in interbedded greywacke and volcanic tuff, with limonite+kaolinte+/-hematite alteration.

The best intersection is 13m @ 1.8g/t gold in KRC088. This mineralisation is open at depth and along strike. The mineralisation at Bereko is deeply oxidised (>80m) and is interpreted to be NNW to NNE-trending and moderately to steeply east dipping.

It is very similar to the mineralisation both within Golden Rim's MRE area, 9km south, and that seen at AngloGold Ashanti's +10Moz gold Siguiri Mine Complex, 25km north along strike. Bamfele Permit: Golden Rim completed six holes (BFLRC001 ­ BFLRC006) for 465m within the Bamfele Permit (3km to 8km south of the MRE area, and south of the Kada Gold Corridor) testing several auger anomalies. Holes at the very southern extent of the Bamfele permit contained only a shallow (20m) oxide layer and narrow mineralisation (best intercept 1m @ 3.3g/t gold from 22m in BFLRC001).

Drilling 3km south of the MRE area intercepted mostly fine-grained volcanic tuff with trace sulphides and weakly oxidized quartz, with some narrow lower-grade intercepts (best intercept of 6m @ 0.6g/t gold from 37m in BFLRC004). Massan Prospect: Assays were received for final hole (KRC071) from the previous round of exploration RC drilling at the Massan Prospect. KRC071 was drilled to the east of KRC072, which intercepted 66m @ 1.0g/t gold, with the aim of defining the orientation and dip of mineralisation.

KRC071 did not intersect any significant assays, suggesting mineralisation in the area may be sub-vertical and further follow-up drilling is required. Current Progress & Next Steps: Golden Rim is drilling prospects furthest from MRE area first, such as Bereko, and is now moving south along the Kada Gold Corridor to test five more new prospects, Bereko South, Sadan, Sadan South, Massan and Massan South, along with Sinin, a sixth prospect, to the east of the corridor. Golden Rim expects to complete the 5,000m of exploration drilling by the end of May 2022.

Samples for another 10 holes (Bereko and Bereko South) have been sent to the laboratory and results are expected in a few weeks' time. A major Induced Polarisation (IP) and ground magnetics geophysical survey of Kada is ongoing and is expected to be completed by the end of May 2022. Golden Rim will use results of the survey to plan further exploration at Kada during 2022.