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- Gold Explorer Golden Rim Resources (GMR) expands its Kada bedrock gold corridor to 15 kilometres in Guinea
- Results from 1,782 auger drill holes, totalling 18,904 metres, more than tripled the broad north-south-trending bedrock gold corridor from 4.7 kilometres to 15 kilometres
- Golden Rim says it plans to commence follow-up reverse circulation drilling in September to delineate additional oxide gold mineralisation along the bedrock corridor
- Golden Rim shares are up 12.5 per cent, trading at 0.9 cents at 3:25 pm AEST
Gold Explorer Golden Rim Resources (GMR) has expanded its Kada Bedrock Gold Corridor in Guinea to 15 kilometres.
Results from 1782 auger drill holes, totalling 18,904 metres, more than tripled the broad north-south-trending, bedrock gold corridor from 4.7 kilometres to 15 kilometres.
The auger holes at Kada were drilled vertically at 50 metres along 400 metre spaced lines, with an average hole depth of 10 metres. The company believes the gold corridor sits on a major regional gold trend.
Currently, the Kada bedrock gold corridor extends for 10 kilometres north and 4.2 kilometres south of the Newmont gold resource area, a zone where Golden Rim’s previous resource definition drilling has intersected strong oxide gold mineralisation.
Golden Rim’s Managing Director Craig Mackay saID the auger program at Kada had proven to be highly successful.
“Extensive areas of strongly anomalous bedrock gold have been identified outside the Newmont gold resource area,” Mr Mackay said.
“These anomalous areas are highly prospective for additional oxide gold mineralisation.”
Golden Rim said it planned to commence follow-up reverse circulation drilling in September to delineate additional oxide gold mineralisation along the bedrock corridor outside the Newmont gold resource area.
“As well as infill drilling within the Newmont gold resource area, Golden Rim plans to utilise an RC drill rig to test priority target areas along the bedrock gold corridor,” Mr Mackay said.
This additional mineralisation could be incorporated in the Kada maiden JORC Mineral Resource Estimate, which is said to be on track for delivery this year.
Golden Rim shares are up 12.5 per cent, trading at 0.9 cents at 3:25 pm AEST.
