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- Golden Rim Resources (GMR) starts diamond drilling at its Kada gold project in Guinea
- The program includes 3500 metres of drilling to assess structural controls and confirm mineralisation widths of Kada’s Massan and Bereko prospects
- GMR anticipates the program will take around two months, and expects the first assays in early April 2023
- The company also expects assays from its current reverse circulation (RC) drilling program in early March 2023
- Shares in GMR are down 3.2 per cent, trading at 3 cents at 1:40 pm AEDT
Golden Rim Resources (GMR) has started a diamond drilling program at its flagship Kada gold project in Guinea.
The program includes 3500 metres of drilling to explore the structural controls and confirm the mineralisation widths of Kada’s Massan and Bereko prospects. It will test at depths of up to 250 metres.
Golden Rim’s CEO Tim Strong said the deeper drilling followed “exciting results” from its ongoing reverse circulation (RC) drilling program.
“With continued encouraging results from our recent RC drilling campaign, Golden Rim is pleased to commence a significant diamond drilling program at Kada,” he said.
The new diamond drill program includes follow-up exploration holes at the Bereko prospect where initial RC exploration drill holes intersected multiple zones of mineralisation, including 11 metres at 6.3 grams per tonne (g/t) of gold and 10 metres at 5.6 g/t gold.
It will also test deeper exploration targets uncovered by recent induced polarisation (IP) and pole-dipole IP geophysical surveys within the mineral resource area.
“Diamond drilling will assist in structural modelling of the deposits, leading to potential resource updates in the coming year,” Mr Strong commented.
“With the identification of an east-northeast mineralised event in addition to the known north-south trend, we hope that the diamond drilling will allow us to further understand the controls on mineralisation.”
“All indications are pointing to the possibility of a major gold discovery on the Kada permit and I look forward to updating the market as drilling results continue to come in,” he added.
GMR expects the program to take around two months and anticipates the first assays in early April 2023.
Additionally, the company expects assays from its current reverse circulation (RC) drilling program early next month.
Shares in GMR were down 3.2 per cent, trading at 3 cents at 1:40 pm AEDT.
