West African gold explorer,
Highlights
Agreement to acquire up to a 75% interest in the Damissa Koura and
Acquisition of the Damissa Koura permit (Damissa Koura) expands Golden Rim's advanced
As with Kada,
Best previous gold intersections at Damissa Koura included: o 4m at 8.0g/t gold from 38m & 16m at 3.0g/t gold from 54m (DKAC064) o 10m at 1.9g/t gold from 10m & 38m at 1.9g/t gold from 30m (DKAC067)
8m at 4.5g/t gold from 48m (DKRC001)
36m at 1.2g/t gold from 8m (DKRC016)
32m at 1.7g/t gold from 24m (DKRC019)
28m at 2.0g/t gold from 34m (DKRC034)
17m at 2.0g/t gold from 53m (DKRC035)
Interpreted mineralised zones extend for 500m and remain open along strike and at depth.
Golden Rim expects to deliver a maiden JORC Mineral Resource for Kada during the
Acquisition of the Damissa Koura and
Comment from the Managing Director
Golden Rim's Managing Director,
Damissa Koura
The Damissa Koura permit covers an area of 98.5km2 and adjoins the eastern boundary of the Kada permit. With the inclusion of Damissa Koura, the Kada project area increases to approximately 300km2 . As with the Kada permit,
Best previous gold intersections at the Damissa Koura prospect included:
4m at 8.0g/t gold from 38m & 16m at 3.0g/t gold from 54m (DKAC064)
10m at 1.9g/t gold from 10m & 38m at 1.9g/t gold from 30m (DKAC067)
8m at 4.5g/t gold from 48m (DKRC001)
36m at 1.2g/t gold from 8m (DKRC016)
32m at 1.7g/t gold from 24m (DKRC019)
28m at 2.0g/t gold from 34m (DKRC034)
17m at 2.0g/t gold from 53m (DKRC035)
The interpreted mineralised zones extend for 500m and remain open at depth. Approximately 300m along strike to the south-southeast anomalous rock chip samples up to 6.2g/t gold were obtained by Golden Rim from several zones of intense bedrock quartz vein mineralisation located in artisanal workings. To date, Golden Rim has collected 62 rock chip samples from the Damissa Koura prospect. Mineralisation is strongest in quartz vein breccias containing carbonates and iron oxides.
In addition, artisanal miners have discovered significant gold in laterite 1km to the north-northwest of the
Most of the bedrock within Damissa Koura has shallow laterite or soil cover. Outcrop is rare. It is highly encouraging that where outcropping bedrock has been located it has generally been strongly mineralised (Photograph 1). As such, Golden Rim's initial exploration at Damissa Koura will include a systematic auger drilling program over the entire permit area to outlined areas of bedrock beneath the shallow cover with anomalous gold.
Auger drilling has been highly successful for Golden Rim in
The Kankan West permit covers an area of 96.1km2 and lies 60km south of Kada . No previous exploration has been conducted. A site visit confirmed that the bedrock at Kankan West is covered by soil and laterite.
Acquisition Terms
Golden Rim and its Kada Joint Venture partner, Elta Madencilik Ticaret Anonim STI (Elta), have executed a binding Letter Agreement to acquire up to 100% of shares in Ara Exploration SARLU (Ara Exploration) (Letter Agreement). Ara Exploration is a
About the
There is considerable exploration upside at Kada. The gold mineralisation in the
Forward Looking Statements
Certain statements in this document are or maybe 'forward-looking statements' and represent Golden Rim's intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim's actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.
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