West African gold explorer Golden Rim Resources Ltd (ASX: GMR) has identified significant potential to grow its Kouri Gold Project in Burkina Faso following the receipt of the latest drilling results from a major exploration campaign.
“We believe the potential to considerably expand the Mineral Resource at Kouri is huge,” Managing Director, Craig Mackay, said in releasing the results.
“At present, we are systematically stepping out to the east of the existing 1.4Moz Mineral Resource at Kouri, along a major cross-structure and completing fences of drill holes at 100m intervals.
“To date, we have drilled holes over 700m to the east of the Mineral Resource. The results so far have been impressive and we still have a further 3km along this cross-structure to explore.
“There are also an additional three cross-structures that we have identified to the east of the Mineral Resource that have returned high-grade gold in rock chip samples and which are yet to be drilled.”
Mr Mackay said the current 9,200m reverse circulation (RC) and 4,000m diamond drilling programme is progressing well, with 2,774m of RC drilling (22 holes) and 1,011m of diamond drilling (seven holes) completed to date.
A major recent target at Kouri is the Kogodou Prospect which extends for four km to the east of the current 1.4Moz Mineral Resource. Previous rock chip sample results include 42.8g/t gold, 41.2g/t gold, 32.3g/t gold, 32.1g/t gold and 29.2g/t gold.
Assay results have been received for six diamond holes at Kogodou and for three RC holes.
Mr Mackay said these results have confirmed eastern strike extensions of at least 350m to the multiple, parallel gold lodes that comprise the Mineral Resource. The best intercepts from this extensional drilling include:
- 15m at 1.2g/t gold from 7m, including 1m at 11.6g/t gold;
- 8m at 2.2g/t gold from 106m, including 1m at 14.3g/t gold;
- 11m at 0.8g/t gold from 10m
; § 4m at 1.4g/t gold from 81m;
- 4m at 1.1g/t gold from 27m, and 3m at 3.3g/t gold from 117m; and
- 15m at 0.3g/t gold from 23m and 3m at 1.8g/t gold from 76m.