Golden Rim Resources Ltd (ASX:GMR, OTC:GMRMF) has intersected 17 metres at 1.3 g/t gold in the very first hole of a maiden reverse circulation (RC) drill program at Sounkou Prospect within the flagship Kada Gold Project in Guinea.
Notably, the new result provides a ‘prime target’ for the company as it seeks to expand its 930,000-ounce resource at the Kada Project.
In mid-December, GMR kicked off a 10,000-metre RC drilling program, which comprised exploration drilling at the Bereko Prospect and north of the mineral resource estimate (MRE) area within the Massan Prospect, as well as some resource extension and infill drilling around the margins of the MRE.
The company is also progressing a 3,500-metre diamond drilling program and a 3,000-metre aircore drilling program testing newly discovered targets up to 13 kilometres south of Massan.
Looking ahead, preparations for the updated Massan MRE and maiden Bereko MRE are on track for delivery in 2023.
“Significant opportunity”
GMR managing director Tim Strong said: “We are pleased to report the first results back from the recently discovered Sounkou prospect.
“This area represents a significant opportunity to increase the resource footprint at Kada, and to intercept 17 metres at 1.3 g/t in the very first hole is very encouraging.
“We used aircore drilling to target some isolated auger anomalies along the 15-kilometre-long Kada Gold Corridor, which has provided additional targets to follow up with RC drilling planned during the next field season.
“Diamond drilling is ongoing and providing critical further structural information as we progress towards defining a maiden mineral resource at Bereko, and an updated resource at Massan.”
Forward plan
RC drilling at Bereko and Massan is now complete, with assays pending for the final seven holes at Massan.
Three RC holes have also been drilled at Nounkoun, with results for these holes and final trenches at Massan expected during May.
Meanwhile, aircore drilling results are expected in May, and diamond drilling will continue until around the end of May.
Subsequently, GMR will then analyse results will then be analysed over the coming wet season in preparation for an MRE upgrade at Massan and a maiden MRE at Bereko.