- Golden Rim Resources (GMR) receives results from a further three diamond holes drilled at its Kouri Gold Project in Burkina Faso
- The holes were drilled to target extensions of previously identified high-grade mineralisation and results peaked at 85.4g/t gold
- This drilling has outlined another high-grade gold shoot in the Central Lodes area which remains open at depth and along strike
- Due to the upcoming rainy season, Golden Rim has postponed drilling of the new shoot until later in the year
- Golden Rim is up 6.25 per cent with shares trading at 0.9 cents at 11:05 am AEST
Golden Rim Resources (GMR) has received results from a further three diamond holes drilled at its Kouri Gold Project in Burkina Faso.
The project spans 325 square kilometres and lies 230 kilometres northeast of the capital Ouagadougou.
The three diamond holes were drilled to target extensions of high-grade mineralisation intersected in previous drill holes.
Results peaked at four metres at 23.3 grams of gold per tonne (g/t) from 67 metres including one metre at 85.4g/t gold.
Pleasingly, this drilling has outlined another high-grade gold shoot in the Central Lodes area.
Managing Director Craig Mackay said the company’s diamond drilling had successfully outlined a second high-grade gold shoot at Kouri, the Kom Gold Shoot.
“The Kom Shoot remains open at depth and it is expected to deliver additional high-grade gold mineralisation at the Kouri resource inventory,” Mr Mackay said.
“The company is excited about the outstanding potential for more high-grade gold shoots to be located at Kouri and we expect to return to drilling at Kouri later this year.”
Due to the upcoming rainy season, Golden Rim has postponed drilling of the Kom Gold Shoot until October or November.
Until then, the company will focus on the Kada Gold Project in Guinea which can be drilled any time of the year.
Golden Rim was steady on the market this morning with shares trading at 0.8 cents at 10:31 am AEST.