Golden Rim speeds up exploration at Kouri with visible gold found in first diamond drill hole
Golden Rim Resources is undertaking a 21,000m drilling campaign across its Kouri gold project.
Exploration has accelerated at Golden Rim Resources’ (ASX: GMR) Kouri gold project in Burkina Faso with visible gold intersected in the first drill hole at the Diabatou prospect.
Initial assays from the re-started drilling program are expected in three weeks and will confirm the thickness and grade of the observed gold mineralisation.
A 21,000m reverse circulation and diamond drilling program kicked-off at Kouri last week and will comprise about 100 holes all up.
The first diamond drill hole, which intersected visible gold, was completed to an 80m depth and twinned a previous RC hole, which unearthed 7m at 121.2 grams per tonne gold from 41m, including 1m at 783.8g/t gold from 44m, and 3m at 7.2g/t gold from 56m.
A second diamond hole is currently being drilled to a 160m depth and is designed to test previously intercepted high-grade mineralisation during RC drilling.
The RC hole uncovered 4m at 23.2g/t gold from 67m, including 1m at 65.7g/t gold.
In addition to the RC and diamond drilling campaign, an auger drilling program is also underway in conjunction with ground magnetic and geophysical surveys.
The auger program will total 15,000m for 3,750 holes and will cover Diabatou then extend to other targets including the newly acquired Margou permit.
Expanded tenement holding in west Africa
In June this year, Golden Rim quadrupled its Kouri tenement package in west Africa by acquiring Lafi Gold and its assets.
The acquisition boosted the Kouri project from 58 square kilometres to 245sq km and gave Golden Rim ownership of Margou and Goueli.
Prior to the acquisition, Golden Resources had firmed up 1.4 million ounces of contained gold in resources at Kouri.
Last month, Golden Rim revealed it had discovered additional gold mineralisation along strike and adjacent to the current resource.
The company’s strategy is to build a resource inventory exceeding 2Moz across the project.
Shares in Golden Rim were up 7.14% to $0.015 by early afternoon.