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- Golden Rim Resources (GMR) begins an auger drilling program at the Kada gold project in Guinea
- The 10,650-metre program is targeting bedrock gold anomalies along the 15-kilometre Kada gold corridor
- GMR will also conduct 6500 metres of reverse circulation drilling to uncover additional gold mineralisation
- The results from this drilling will be incorporated in a maiden mineral resource for Kada in January 2022
- Company shares are trading steady at 0.6 cents
Golden Rim Resources (GMR) has begun an auger drilling program at the Kada gold project in Guinea.
The 10,650-metre program will complete roughly 1065 holes to an average depth of 10 metres. Auger drilling will include infill holes to the north and south of the Newmont gold resource area along the Kada gold corridor, which spans 15 kilometres.
This program will focus on anomalous bedrock areas which previously returned values of 830 parts per billion (ppb) 837ppb and 930ppb gold. It’s hoped drilling will further define the extent of the bedrock gold anomalies ahead of follow-up reverse circulation (RC) drilling.
Auger drilling will also be undertaken along a three-kilometre parallel gold corridor which previously returned 1880ppb gold and soil results of 22.5 grams of gold per tonne (g/t).
In the next few days, Golden Rim will embark on 6500 metres of RC drilling to uncover additional gold mineralisation as well as test further target areas which were recently identified in the Newmont gold resource area.
Managing Director Craig Mackay commented on the drilling programs.
“The current 10,650m auger program is designed to firm-up the extent of these gold anomalous areas prior to RC drilling, and to test the unexplored eastern portion of the Kada permit,” he said.
“It is expected that the RC drilling about to commence will delineate additional gold mineralisation along the gold corridor which can be included in the maiden Mineral Resource, now scheduled for delivery in January 2022.”
The RC phase of drilling was meant to begin earlier, but the contractor experienced rig delays. The program is now likely to be completed in early December, and GMR expects to deliver a maiden mineral resource for the Kada project in January 2022.
Company shares were trading steady at 0.6 cents at 2:42 pm AEDT.
