19 May Golden Rim Resources reports high-grade oxide gold in Guinea
ASX-listed exploration firm Golden Rim Resources has identified shallow, high-grade oxide gold mineralisation at two satellite prospects within the Kada Gold Project in Guinea, after a first round of RC drilling.
So far, assays have been received for six drill holes at the Bereko prospect and four holes at Bereko South, delivering strong intersections including: 10 metres at 5.6 g/t from 5 metres, including 2 metres at 18.9 g/t and 11 metres at 6.3 g/t from 43 metres, including 2 metres at 30.6 g/t.
Notably, these zones of oxide mineralisation sit along the 15 km Kada Gold Corridor, but outside Golden Rim’s 930,000 ounces mineral resource estimate (MRE) area. Managing director Craig Mackay said the initial results ‘suggest both areas will deliver additional oxide gold resources’ that can be added to the MRE.
“Drill testing of our bedrock auger gold anomalies at Kada has been highly successful and we eagerly await the assays from our first drilling at another three prospects along the Kada Gold Corridor – Sadan, Sadan South and Massan South – as well as at Sinin, which sits in a parallel gold corridor to the East,” he said.
Golden Rim will soon commence a 2,000 metres infill programme at Kada, initially focusing on the Bereko and Bereko South prospects. A major IP and ground magnetics geophysical survey of Kada is ongoing and is expected to be completed by the end of May.