Golden Rim Resources unearths bonanza gold at Kouri

Golden Rim Resources ASX GMR gold Kouri Burkina Faso drilling chips
Drilling by Golden Rim Resources has recovered high-grade gold intercepts of up to 784 grams per tonne from the Diabatou granite in West Africa.

West Africa-focused Golden Rim Resources (ASX: GMR) has recovered bonanza gold grades of up to 784 grams per tonne of gold from a major drilling campaign at its Kouri gold project in Burkina Faso.

To date, the gold explorer has completed 7,827m (62 holes) of a planned 17,000m reverse circulation drilling and 4,000m diamond drilling program at Kouri.

The company today revealed exceptional high-grade gold intercepts returned from drilling at the new Diabatou (granite target) and Mare prospects.

These new results are near-surface with highlights comprising: 7m at 121.2g/t gold from 41m, including 1m at 783.8g/t gold from 44m at Diabatou; 4m at 9.2g/t gold from 44m including, 1m at 22.8g/t gold from 45m at Mare; and 15m at 3.8g/t gold from 53m, including 1m at 38.7g/t gold from 54m at Mare.

According to Golden Rim managing director Craig Mackay, these are the “best drilling results” the company has seen at Kouri so far.

“The first drilling program at Diabatou has provided spectacular high-grade gold intersections hosted in granite at a shallow depth,” he said.

“At Mare, we have discovered further high-grade gold, also at a shallow depth, only 1.5km west of the 1.4 million-ounce gold mineral resource and associated with a prominent 4km long IP chargeability geophysical anomaly,” Mr Mackay added.

Expanding potential

Mr Mackay also noted that this drilling campaign has only explored a small portion of the entire granite area within which Diabatou is located.

Last month, Golden Rim signed an agreement to purchase 100% of the Kotouri exploration permit, located adjacent to and north of Kouri.

As well as expanding the Kouri project area to 325sq km, the permit covers the remainder of this granite area.

This is in addition to the Goueli and Margou permits the company acquired in June.

“The new high-grade gold intersections again demonstrate the extraordinary exploration upside at Kouri and the potential for additional grassroots gold discoveries,” Mr Mackay said.

The company is currently awaiting assay results from an additional nine holes that have been completed around the high-grade mineralisation at Diabatou and Mare.

Drilling at Kouri has now been suspended for the remainder of the rainy season, with Golden Rim planning to re-commence exploration in mid-September.

This will involve diamond drilling in the new high-grade gold zones at Diabatou and Mare, as well as a regional auger drilling campaign to explore the entire Diabatou granite area, along with the remainder of the Margou and Goueli permit areas.

Danica has extensive experience writing and editing business news in the Oceanic and Southeast Asian regions. She has written across a range of industries including oil and gas, mining, energy, science and research, retail and travel. Danica has covered small and large cap companies listed on the Australian, Singapore, Hong Kong, Indian, London and Toronto exchanges.