Golden Rim Resources Ltd (ASX: GMR) has discovered a new zone of high-grade gold mineralisation at its Kouri Gold Project in Burkina Faso, West Africa.
The discovery was made when the company drilled a 9m intercept at 3.6g/t gold, from 49m, including 1m at 15.1g/t gold.
Golden Rim’s Managing Director, Craig Mackay, said, that critically, the new zone of mineralisation remains open along strike and at depth.
Mr Mackay said the new high-grade zone lies 1km SW of the zone of high-grade gold mineralisation previously obtained in hole MRC008 (7m at 121.2g/t gold from 41m, including 1m at 783.8g/t gold from 44m) and is associated with a 400m, ENE-trending corridor of intense artisanal workings. Previous rock chip samples from the area returned results of 14.7g/t gold, 6.3g/t gold and 5.5g/t gold.
Follow-up RC drilling on this new high-grade gold zone is planned for January 2020.
“The Kouri Gold Project continues to deliver great results with the discovery of a further new zone of high-grade gold mineralisation at the Diabatou Prospect,” Mr Mackay said.
“The company continues to be busy with numerous exploration programs currently underway at Kouri including diamond drilling, which is progressing well at the Gouéli Permit.
“The diamond programmr is designed to test the northeast strike extent of the gold lodes that comprise the 1.4Moz Mineral Resource. Strong mineralisation has been observed in drilling samples and we eagerly await our assay results from this area.
“Further, our systematic geochemical and geophysical surveys throughout the Margou and Gouéli permit areas are also going well. We expect this work to deliver additional exciting drill targets in what was previously an unexplored area as we head into 2020.”
The company reported that seven additional RC holes for 908m have been completed at the Diabatou Prospect.
Mr Mackay said the holes were designed to test several areas of artisanal workings and the southern end of a previously reported IP chargeability-high anomaly.
Meanwhile, five diamond holes for 773.9m have been completed at the Diabatou to test for extensions to the high-grade gold mineralisation intersected in previous RC drill hole MRC008.
Mr Mackay said more work needs to be done in this area.
“Although we are disappointed by the initial results, we believe the drilling around the bonanza-grade mineralisation may need to be conducted in a different orientation.
“Further studies have identified several cross-cutting structures that may host the high-grade mineralisation and that lie parallel to the current drilling direction. Drill testing of these cross- structures is planned for January 2020.”
Further studies have included a detailed analysis of the core orientation readings in MDH001 and additional geological mapping in the area.
