West African gold explorer, Golden Rim Resources Ltd (ASX: GMR) continues to report drilling success from its major exploration campaign currently underway at the Kouri Gold Project in Burkina Faso.
The company said assays from the first five infill, reverse circulation (RC) drill holes received to date have all highly positive results.
Managing Director, Craig Mackay, said the drilling Golden Rim is conducting for the next Mineral Resource update at Kouri is delivering very positive results.
“We are targeting the update for the June 2020 quarter and our objective is a significant expansion of the current 1.4Moz gold Mineral Resource,” Mr Mackay said.
“We are looking to extend the Mineral Resource along strike to the northeast. Our drilling has now confirmed the gold lodes that comprise the Mineral Resource extend for a further 550m and remain open.
“We are also looking to extend the Mineral Resource at depth and by infill drilling of gaps that exist in the Mineral Resource in a number of areas.
“Our initial deeper and infill drilling in the northern portion of the Mineral Resource has produced exciting results.
We are seeing broader and higher grade gold mineralisation with strong depth continuity, suggesting considerable upside to the Mineral Resource may exist in this area.”
Mr Mackay said the assay results confirm that the multiple gold lodes that comprise the Mineral Resource continue with strong continuity along strike and at depth, beneath Guitorga Hill.
Five significant gold lodes have been identified in a more intensely mineralised 120m wide corridor that lies directly beneath the hill. At present, these lodes have been traced up to 200m down-dip or 160m below surface and remain open at depth.
A broad intersection of 18m at 3.4g/t gold from 54m, including a zone of high-grade gold, 1m at 42.7g/t gold, from 65m of was discovered in drill hole BARC361. A previous drill hole (BARC131) drilled 50m along strike to the southwest returned 18m at 1.2g/t from 28m, including 1m at 16.5g/t gold from 37m. This broad gold lode is open at depth and to date has only been drilled to 40-50m below surface.
Mr Mackay said there is excellent potential for the lode to add additional gold mineralisation to the Mineral Resource and a follow-up drill hole 50m beneath BARC361 is planned.
The best new gold intercepts within the Mineral Resource area include:
- 18m at 3.4g/t gold from 54m; including 1m at 42.7g/t gold from 65m
- 4m at 1.2g/t gold from 139m
- 9m at 1.1g/t gold from 147m
- 13m at 1.1g/t gold from 92m
- 13m at 1.2g/t gold from 125m
- 4m at 1.6g/t gold from 38m
- 5m at 2.5g/t gold from 60m
- 6m at 1.5g/t gold from 87m
- 8m at 1.1g/t gold from 35m
