Golden Rim Resources more than triples Kada bedrock gold corridor to 15 kilometres following aircore drilling

Golden Rim Resources more than triples Kada bedrock gold corridor to 15 kilometres following aircore drilling

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Golden Rim Resources Ltd (ASX:GMR) has more than tripled the Kada bedrock gold corridor at its flagship project in Guinea, West Africa, to 15 kilometres, a considerable increase from the initial 4.7 kilometres. The expansion is a result of auger drilling across 1,782 holes totalling 18,904 square kilometres through the Newmont gold resource area. Drilling has extended the bedrock gold corridor 10 kilometres north and 4.2 kilometres south of the Newmont gold resource area, with auger results up to 930ppb, 837ppb, 830ppb and 740ppb gold, providing priority targets for additional oxide gold mineralisation. A newly defined 3-kilometre-long parallel bedrock gold zone is also a priority target for high-grade gold with auger results up to 1,880ppb gold and soil results up to 22,470ppb (22.5g/t gold). "Hugely successful" Speaking to the drilling results, managing director Craig McKay said: “Golden Rim’s major regional auger program at Kada has proved to be hugely successful. “These anomalous areas are highly prospective for additional oxide gold mineralisation. “We expect to commence a second round of resource definition drilling at Kada in September. “As well as infill drilling within the Newmont gold resource area, Golden Rim plans to utilise an RC drill rig to test priority target areas along the bedrock gold corridor. “Any additional mineralisation in the initial drilling is expected to be included in the maiden mineral resource, which is on track for delivery this calendar year.” Maiden estimate on track  Golden Rim has paused its resource definition drilling for a short time so it can receive and assess the outstanding assays before commencing additional drilling. The company expects to commence a second round of drilling in September 2021 which will include additional infill drilling in the Newmont gold resource area and drilling along strike in the Kada gold corridor. This additional mineralisation could be incorporated in the Kada maiden JORC mineral resource estimate which remains on track for delivery in the second half of 2021. Looking ahead  Assays for three diamond and 10 RC holes from the resource definition drilling program at Kada pending, expected over coming weeks. Golden Rim has planned a further 10,000 metres of auger drilling at Kada which will include both infill drilling and drilling to extend the auger drilling coverage into the southern portion of the Bamfele permit and the eastern portion of the Kada permit. This is expected to commence in November 2021. The company awaits approval from the Government of Guinea for the acquisition of the Damissa Koura and Kankan West permits and is in the process of extending the time for approval.

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