AMN - BURKINA FASO: Golden Rim targets resource increase

Golden Rim Resources is confident it has the exploration upside to significantly upgrade the recently announced maiden, 1 million ounce mineral resource at its Kouri Gold Project in Burkina Faso. This potential has been highlighted by further exploration.

Addressing the recent Paydirt Africa Down Undermining conference in Western Australia, Golden Rim managing director Craig Mackay said the May milestone of the initial Indicated and Inferred mineral resource of 20.8 million tonnes at 1.5 g/t gold at the Banouassi prospect within its Kouri project area was “just the beginning”.

“We believe there is tremendous upside at Kouri. Our push is to continue an exploration program to see just how big this thing can be,” he said.

Golden Rim recently announced that recent RC drilling had intersected a number of high-grade gold intercepts in a campaign targeting extensions to the gold mineralisation in the immediate mineral resource area at Kouri.

Best intersections were: 6 metres at 25.2 g/t; 16 metres at 1.7 g/t from 104 metres, including 1 metre at 15.5 g/t; 1 metre at 61.7 g/t from 71 metres and 6 metres at 4.6 g/t from 87 metres, including 1 metre at 11.8 g/t; 1 metres at 21.6 g/t from 73 metres; and 2 metres at 10.9 g/t from 76 metres.

Additional drilling 100 metres south of the mineral resource has also confirmed the existence of a number of significant new gold lodes that extend for at least 400 metres of strike and that remain open along strike and at depth.

Craig Mackay said that many of the gold lodes in the mineral resource area remained open along strike, with the potential for discovery of new gold lodes outside the resource.

He said Golden Rim planned to conduct further RC and diamond drilling in the immediate resource area along with systematic exploration of the new regional target areas to the southwest of the resource that have been identified by auger drilling.

www.goldenrim.com.au