Golden Rim Resources Limited is an ASX listed exploration company with a portfolio of advanced minerals projects in Guinea and Burkina Faso, West Africa and in Chile, South America.
The Company’s flagship project is the advanced Kada Gold Project in eastern Guinea. Guinea remains one of the most under-explored countries in West Africa. Golden Rim has outlined a maiden Inferred Mineral Resource of 25.5Mt at 1.1g/t gold for 930Koz, the majority of which is shallow oxide gold mineralisation. Most of the 200km2 project area remains poorly explored and there is considerable upside to expand the oxide gold inventory. The next drilling campaign with focus evaluating newly discovered oxide gold mineralisation (11m @ 6.3g/t & 10m @ 5.6g/t gold) north of the Mineral Resource. A Mineral Resource update is scheduled for the end of Q1/CY2023 and the Company plans to complete a Scoping Study by end of Q2/CY2023.
The Company discovered and has outlined an Indicated and Inferred Mineral Resource of 50Mt at 1.3g/t gold for 2Moz at the Kouri Gold Project, located in north-east Burkina Faso. Kouri covers 325km2 of highly prospective Birimian greenstones. With the focus on Kada, work is currently on hold and the Company is evaluating options to realise value.
In northern Chile, Golden Rim has the Paguanta Copper and Silver-Lead-Zinc Project. Historically a silver mine, the Company has outlined a Measured, Indicated and Inferred Mineral Resource of 2.4Mt at 88g/t silver, 5.0% zinc and 1.4% lead for 6.8Moz silver, 265Mlb zinc and 74Mlb lead at the Patricia Prospect. The Mineral Resource remains open.
At the adjacent Loreto Copper Project in Chile, Golden Rim has signed a US$17.6M Option and Joint Venture agreement with Teck Chile whereby Teck Chile can acquire up to a 75% interest in the project.