Golden Rim Resources Ltd (ASX :GMR; Golden Rim, Company) is pleased to provide its latest Investor Presentation.
The Investor Presentation incorporates new exploration results from the Company’s Kouri Gold Project (Kouri) in Burkina Faso and other corporate activities pertaining to the project.
Golden Rim’s Managing Director, Craig Mackay, said that over the past few months there has been a steady flow of very positive news regarding Kouri.
“Recently we announced a 40% increase to our Indicated and Inferred Mineral Resource to 1.4Moz of gold. We also had a very exciting discovery of a new high grade gold lode adjacent to the Mineral Resource, which returned a spectacular drilling result of 4m at 44.7g/t gold.”
“At Red Hill, only 4.5km from the existing Mineral Resource, further significant gold intersections were received, including 10m at 4.1g/t gold and 11m at 3.4g/t gold.”
“The Company also entered into an agreement to purchase the Goueli and Margouexploration permits which lie to the east of Kouri. While the agreement is subject to conditions including shareholder approval, completion of the acquisition will be transformational, as it increases the Company’s control over the highly prospective Samira Hill Shear Zone from 16km to 40km and provides the Company with the direct north-east strike extensions to the gold mineralisation that comprises the Mineral Resource.”
“As a result of the acquisition, the Pella Group, who have a strong record both in exploration and mine development in Africa, will become our largest shareholder.”
Read more Mining Safety News