Golden Rim Resources begins extensive fieldwork at Kada Gold Project

Golden Rim Resources Ltd (ASX:GMR) has started an extensive fieldwork program comprising 15,000 metres of power auger drilling utilising two rigs at Kada Gold Project in Guinea. Drilling is being carried out by contractor Sahara Natural Resources with the aim of testing gold mineralised saprolite (weathered bedrock), under shallow laterite or soil cover, throughout the bulk of the project area not previously tested by Newmont. It will initially be carried out on 400-metre spaced lines, with 50-metre spaced sample points along each line and hole depths are expected to average five metres. Auger drilling will primarily focus on a prominent north-south magnetic corridor that links Kada with AngloGold Ashanti’s 10-million-ounce Siguiri Mine and the first results are expected in March 2021. “Excited to begin fieldwork” Golden Rim’s managing director Craig Mackay said: “We are excited to begin fieldwork at Kada after our acquisition of a stake of the project last month. “We are on track to deliver a maiden mineral resource for Kada this year and this drilling is a vital step in that process. “Auger drilling is the first step in systematically exploring the weathered bedrock beneath the shallow laterite and soil cover that covers most of the project area. “To date, only 2% of the bedrock at Kada has been tested and this drilling has intersected strong oxide gold mineralisation.” A successful method Mackay added: “Auger drilling has been highly successful for Golden Rim in West Africa and was instrumental in the company’s two gold discoveries in Burkina Faso being our indicated and inferred mineral resource of 50 million tonnes at 1.3 g/t gold for 2 million ounces gold at Kouri deposit and an Inferred resource of 900,000 tonnes at 6.8 g/t for 200,000 ounces at Balogo deposit. “Auger drilling was also successfully utilised by Predictive Discovery Ltd (ASX:PDI) in its recent significant Bankan discovery within the Siguiri Basin in Guinea.” Maiden mineral resource Golden Rim has engaged RPM Advisory Services Pty Ltd to produce a 3D geological model for the predominantly oxide gold mineralisation in the previous Newmont non-JORC gold resource area. The company will use the new geological model to determine locations for infill diamond and RC drilling required to prepare a maiden mineral resource estimate at Kada. This work will include twin hole drill hole analysis, validation of the current drilling database of around 300 holes, geological interpretation, wireframing of the gold mineralisation and statistical analysis of the geological domains. The company is aiming to deliver the estimate during the second half of 2021. Damisa Koura permit Golden Rim has acquired up to a 75% interest in the Damissa Koura permit adjacent to Kada and the addition of Damissa Koura will expand the project area to 300 square kilometres. The transaction is subject to the execution of a joint venture agreement and Guinean government approval, which are progressing as planned.