Guinea Gold Project Grows By 15km
West African gold explorer Golden Rim Resources Ltd (ASX: GMR) auger drilling has more than tripled the broad, north-south-trending, bedrock gold corridor at its Kada Gold Project in Guinea.
Drilling has expanded the corridor through the Newmont gold resource area at Kada from 4.7km to 15km.
Managing Director, Craig Mackay, said the company believes the bedrock gold corridor is now interpreted to be sitting on a major regional gold trend that extends 35km north to AngloGold Ashanti’s +10Moz gold Siguiri Mine.
“Golden Rim’s major regional auger programme at Kada has proved to be hugely successful. Extensive areas of strongly anomalous bedrock gold have been identified outside the Newmont gold resource area,” Mr Mackay said.
“These anomalous areas are highly prospective for additional oxide gold mineralisation.
“We expect to commence a second round of resource definition drilling at Kada in September. As well as infill drilling within the Newmont gold resource area, Golden Rim plans to utilise an RC drill rig to test priority target areas along the bedrock gold corridor.
“Any additional mineralisation in the initial drilling is expected to be included in the maiden Mineral Resource, which is on track for delivery this calendar year.”
Golden Rim recently completed a regional auger drilling programme (30,506m for 2,921 holes) at Kada to explore for gold mineralisation outside the Newmont gold resource area. New assays for 1,782 holes (18,904m of drilling) are reported in this announcement.
All assays for the auger program have now been received. The new auger results significantly extend the broad, north-south-trending corridor of anomalous bedrock gold in the western portion of the Kada permit from 4.7km to 15km
The Newmont gold resource area, where Golden Rim’s resource definition drilling is intersecting strong oxide gold mineralisation, only covers 800m of this gold corridor. The bedrock gold corridor is highly prospective for additional oxide gold mineralisation, including direct extensions to the oxide mineralisation within the Newmont gold resource area.
Regionally, the Kada bedrock gold corridor is interpreted as sitting on major regional gold trend that extends 35km north to AngloGold Ashanti’s +10Moz gold Siguiri Mine.
The gold mineralisation at Siguiri Mine and Kada is similar. Gold is associated with quartz – sulphide – tourmaline stockwork veins and hosted in turbidite sequences that comprise pelite and greywacke rocks. Weathering is deep with soft saprolite (oxidised bedrock) extending to >100m below surface.
At present, the Kada bedrock gold corridor extends for 10km north and 4.2km south of the Newmont gold resource area.
To the north, the best auger results in the corridor include 930ppb, 837ppb, 830ppb, and 720ppb gold and to the south, the best auger results include 740ppb and 680ppb gold, both within 1.6km of the Newmont gold resource area.
A priority for follow-up drilling is an area of new anomalous auger gold results and historical anomalous soil gold results (up to 2,265ppb gold) located 3km to the south of the Newmont gold resource area and adjacent to a small granite intrusion.
There is potential to significantly increase the Kada gold corridor to the south. There is a large gap in the auger drilling across the interpreted position of the gold corridor approximately 5km south of the Newmont gold resource area. The southern-most line of auger drilling is located 8.5km south of the Newmont gold resource area and returned strong results up to 510ppb and 530ppb gold.
This suggests the gold corridor is still open to the south and Golden Rim’s Bamfele permit boundary is located 3km further south of this auger line.
Approximately 1km east of the Kada gold corridor, Golden Rim has defined a parallel 3km long zone of bedrock gold. At the northern end of this zone, auger results up to 1,880ppb gold and Newmont soil results up to 22,470ppb gold (22.5g/t gold) have been obtained.
For further information please visit: https://www.goldenrim.com.au