- Golden Rim Resources has provided updates regarding drilling activities at the Kouri Gold Project in Burkina Faso
- Bonanza gold intersections of up to 783 grammes per tonne were intersected
- A 1.6-kilometres long anomaly was outlined at the Diabatou prospect
- Golden Rim’s share price is up 6.67 per cent with shares trading for 1.6 cents a share
Golden Rim Resources has provided updates regarding the exploration campaign at the Kouri Gold Project in Burkina Faso.
An extensive ground magnetic and gradient-array IP (induced polarisation) geophysical survey being undertaken at Kouri is progressing quickly.
To date, 180 line kilometres of the planned 500 line kilometre line survey has been completed.
Initial data from the survey has outlined a strong 1.6 kilometre long, IP changeability-high anomaly at the Diabatou prospect.
It is believed that the IP anomaly is related to the pyrite mineralisation, up to five per cent, that is associated with the high-grade gold mineralisation.
Previous drilling intersections within the IP anomaly at Diabatou include 1 metre at 783.8g/t gold, 7 metres at 121.2g/t gold from 41 metres, and 1 metre at 65.7g/t gold.
Started on October 7 2019, Golden Rim’s 9200 metre reverse circulation (RC) drilling and 4000 metre diamond drilling programs are progressing well.
The first two diamond drill holes completed at Diabatou intersected multiple zones of granite-hosted quartz-pyrite mineralisation.
Results from the first hole are at the laboratory and are expected shortly while samples from the second hole are currently being logged and sampled to be submitted to the laboratory next week.
A diamond drill rig is currently on the third hole and has a planned depth of 150 metres to test the new IP anomaly.
A second rig will be used for the next few weeks to test the southern portion of the IP anomaly at Diabatou and then the northeast strike extent of the 1.4 million ounce mineral resource in the new Goueli Permit.
A major auger drilling program consisting of 3750 holes, for 15,000 metres, is also progressing well. To date, 245 holes, for 1600 metres, have been completed.
The auger drilling is initially being conducted at Diabatou and will then extend to systematically cover various target areas in the newly gained Margou Permit.
Golden Rim will update the market when results become available.
In light of this update, Golden Rim’s share price is trading 6.67 per cent higher with shares trading for 1.6 cents apiece at 2:13 pm AEDT.