Golden Rim returns encouraging Kada gold results with 46 metres at 1.3 g/t in oxide

Golden Rim Resources Ltd’s (ASX:GMR) resource definition drilling has returned assay results of up to 46 metres at 1.3 g/t from 51 metres and 13 metres at 1.9 g/t from 73 metres at its Kada Gold Project in Guinea. The diamond drilling continues to confirm multiple, broad, sub-parallel zones of gold mineralisation in the Newmont gold resource area with the company on track to deliver its maiden mineral resource estimate in the second half of 2021. The latest assay results are from four infill reverse circulation (RC) holes KRC001–KRC004 totalling 506 metres. Notably, the 46-metre intersection in KRC001 also included 11 metres at 3.1 g/t from 69 metres which in turn included 1-metre at 15.7 g/t while the hole also returned 11 metres at 1.8 g/t from 12 metres. Furthermore, in hole KRC004, the 13-metre intersection also included 1-metre at 9.2 g/t from 73 metres with this hole ending in mineralisation. “Potential to extend zones” Golden Rim managing director Craig Mackay said: “Our new gold intersection of 46 metres at 1.3 g/t gold from Kada is the best so far from the first round of resource definition drilling. “It is exciting that it lies on the most northern section of drilling included in the Newmont gold resource and that the mineralisation is completely open to the north. “Golden Rim’s auger drilling has identified anomalous gold in bedrock for a further 1.4 kilometres to the north of the Newmont resource and we believe there is excellent potential to substantially extend the gold zones along strike beyond the area.” First round of resource definition drilling Golden Rim has completed eight diamond drill holes (KDH004-KDH011) for 1,798 metres and 18 reverse circulation (RC) drill holes (KRC001-KRC012, KRC012R, KRC013-KRC017) totalling 2,252 metres in its first round of resource definition drilling at Kada. Assays for diamond holes KDH004-KDH008 have been previously reported with remaining assays expected in coming weeks. Other notable results from the recent assays from holes KRC001-004 include: 8 metres at 0.8 g/t gold from 28 metres; 17 metres at 0.4 g/t from 112 metres; 7 metres at 1.1 g/t from 114 metres; 11 metres at 1.1 g/t from 126 metres; and 3 metres at 2.1 g/t from 61 metres. Intersections in deep oxidised zones Golden Rim’s latest gold results lie 400 metres north of the previously reported results and previous Newmont RC and aircore holes are interpreted to have been drilled down-dip. The best new gold intersections are in fully or partially oxidised material and are open to the north. These new intersections lie sub-parallel to a previous Newmont oxide intersection of 4 metres at 28.9 g/t from 20 metres, including 1-metre at 95.7 g/t from 21 metres. The gold intersections in the deep oxidised zones continue to be higher in grade and wider than the gold intersections in fresh rock with follow-up drilling to be focused on defining extensions to the shallow oxide-transition mineralisation. Strong gold anomalous bedrock Golden Rim’s auger drilling has identified strongly gold anomalous bedrock in the corridor for 1.4 kilometres north and 2.4 kilometres south of the Newmont gold resource area, suggesting there is potential to extend the gold zones along strike. The company’s recently completed regional auger drilling program totalling 30,506 metres across 2,921 holes aims to explore gold mineralisation outside the resource area. Assays for 1,782 holes are pending and are expected shortly. The drilling program also included three RC holes (KRC015-KRC017) to the north and south of the Newmont resource area to initially test several areas with gold anomalous auger results. Golden Rim has paused its resource definition drilling for a short period so that a considerable number of outstanding assays can be received and assessed before additional drilling is conducted. The company expects to commence a second round of drilling in September 2021. - Ephrems Joseph