Join our daily newsletter At The Bell to receive exclusive market insights
- Rock chip samples of up to 9.2 g/t gold and 6.1 g/t gold have been obtained at the Goueli and Margou permits
- Three trenches have been completed at Margou with assay results still pending
Golden Rim Resources has announced the results of initial exploration at its two new permits, Goueli and Margou located in Burkina Faso.
The emerging West African gold developer is currently in the process of purchasing Goueli and Margou which are situated alongside its existing Kouri Gold Project.
Golden Rim has executed a share purchase agreement to shareholders to purchase both these permits. Completion is expected shortly and exploration has already begun, with the aim to outline potential new drilling targets.
Kouri has an inferred mineral resource of 32 million tonnes at 1.4 g/t gold for 1.4 million ounces of contained gold. This mineral resource extends 3.2 kilometres in length with a depth of 115 metres.
A total of 142 rock chips samples were taken from areas within the Goueli and Margou permits with these targeted areas previously being unexplored. Some significant samples were collected up 9.2 g/t gold and 6.1 g/t gold.
Exploration at Margou identified multiple sub-parallel lines of shallow workings within a 400 metre wide mineralised corridor that extends for 1.1 kilometres at a minimum. Multiple phases of granite intrusion were found in the area and gold mineralisation is highly believed to be located there as well.
Three recent trenching studies, totalling 967 metres, were completed at Margou with multiple parallel zones of granite with quartz veining and disseminated sulphides.
Managing Director of Golden Rim Craig Mackay is pleased with the results and the future potential they will bring.
“We are very pleased with the initial results of our exploration on the Goueli and Margou permits which confirm the significant potential of these new permits,” he said.
“There are many more such structures within the Samira Hill Shear Zone, which extends for 24 kilometres through the Goueli and Margou permits, that remain completely unexplored.”
