Emerging West African gold developer, Golden Rim Resources (ASX: GMR), has provided an update on its exploration programs at its 100%-owned Kouri Gold Project (Kouri) in Burkina Faso. The company is on the verge of a very significant drilling program at Kouri, with the mobilisation of a multi-purpose drill rig to site underway.
Emerging West African gold developer, Golden Rim Resources (ASX: GMR) has provided an update on its exploration programs at its 100%-owned Kouri Gold Project (Kouri) in Burkina Faso.
· Major contract executed for 17,000m of RC drilling and 4,000m of diamond drilling at Kouri.
· Mobilisation of a multi-purpose drilling rig from Mauritania to Burkina Faso (Kouri) has commenced.
· Drilling is expected to commence in mid-April 2019 and will initially target three areas:
1. Footwall Shear to follow-up recent high-grade drill intercepts including 4m at 44.7g/t gold (BARC327);
2. Strike extent of the gold lodes that comprise the 1.4Moz Mineral Resource into the Goueli and Margou permits; and
3. Red Hill gold discovery.
· 3.1km trenching program completed to assist with drill target identification along the Footwall Shear and at Red Hill.
· Assay results confirm multiple additional zones of gold mineralisation for follow-up drilling.
· Strongest zone of gold mineralisation obtained in the trenching is 13m at 1.6g/t gold located in a trench (NTR002) at Red Hill.
· Multiple gold lodes with artisanal workings that extend for more than 500m into the Goueli and Margou permits highlighted in new high-resolution satellite imagery and considered a priority drilling target.
Commenting on the upcoming drilling program at Kouri, Golden Rim’s Managing Director, Craig Mackay, said: “With the commencement of mobilisation of a multi-purpose drill rig to Kouri from Mauritania, we are now on the verge of what will be a very significant drilling program for the Company.
Trenching has allowed us to confirm the orientation of the gold mineralisation along the Footwall Shear and at Red Hill to ensure that we undertake the program in the most effective manner.
“In addition, newly obtained high-resolution satellite imagery indicates that we may have more than 500m of additional strike to the gold lodes that comprise the 1.4Moz Mineral Resource, into the Goueli and Margou permits.
“We intend to test these as a priority once we have completed the acquisition of the permits. We look forward to this very exciting drill program and will keep the market updated as we approach the expected midApril 2019 drilling start-up.”