- Golden Rim Resources (GMR) kicks off a fresh round of drilling at its Kada project in Guinea
- Around 10,000 metres of both reverse circulation (RC) and diamond drilling is planned along the 15 kilometre-long Kada gold corridor
- The aim of the program is to follow up previous zones of mineralisation and target potential resource extensions
- Diamond drilling is due to begin in January, during which time the company expects to receive the first results from the RC program
- GMR shares are up 3.45 per cent trading at 3 cents at 1:30 pm AEDT
Golden Rim Resources (GMR) has kicked off a fresh round of drilling at its Kada project in Guinea.
Around 10,000 metres of both reverse circulation (RC) and diamond drilling has been planned along the 15 kilometre-long Kada gold corridor.
The company planned its drilling targets following a comprehensive review of data from previous field campaigns.
Reverse circulation drilling has been planned to follow-up exploration holes at the Bereko prospect where initial drilling hit multiple zones of mineralisation including 11 metres at 6.3 grams per tonne (g/t) gold and ten metres at 5.6 g/t gold.
Additionally, this round of work will target potential resource extension at the Massan prospect, where zones of wide gold mineralisation were discovered up to 400 metres outside the maiden inferred mineral resource.
The start of this program follows the company’s $8.3 million capital raise earlier this month and CEO Tim Strong said the company is “extremely excited” to begin the next phase of exploration.
“If successful, we expect this 10,000m drill program will confirm and expand the Mineral Resource at Massan, prepare us for a maiden Mineral Resource at Bereko, and discover additional areas for exploration within the central portion of the mineralised belt.
“As we receive results during the coming field season, I am confident that Kada will be firmly on the radar of the international community as a major new gold discovery in West Africa.”
Diamond drilling is due to begin in January when the company also anticipates receiving the first results from the RC program.
GMR shares were up 3.45 per cent trading at 3 cents at 1:30 pm AEDT.