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Golden Rim Resources Ltd announced that it has commenced a third program of reverse circulation drilling on its Balogo Project in Burkina Faso.
The third phase of drilling will comprise 30,000m and is being conducted by Forages Technique-Eau Burkina SARL, a Canadian owned drilling company. The drilling program will infill and test the strike extensions of significant gold and copper mineralisation identified in previous drilling along the Cobra Shear Zone, the Netiana Shear Zone, and within a porphyry intrusion at the Balogo Hill Prospect. The drilling will also test a parallel structure with strong gold-in-soil geochemistry located to the NW of Balogo Hill. The infill and extensional drilling at the Balogo Hill Prospect will follow-up the following zones of mineralisation: - Cobra Shear Zone: copper and gold mineralisation associated with magnetite and high-grade gold-bearing sulphidic quartz veins hosted in a major shear structure. Previous intercepts include, 11m @ 2.15 g/t gold, 2.75% copper, including 3m @ 5.83 g/t gold and 8.15% copper, and 6m @ 9.97 g/t gold. Drilling will also be completed along the 3km of untested strike of the Cobra Shear Zone to the NE. This part of the shear zone lies under shallow soil cover and is defined by a coincident induced polarization conductive anomaly and a ground magnetic high anomaly.
- Netiana Shear Zone: copper and gold mineralisation associated sulphidic quartz veining hosted in a parallel shear zone located 200m southwest of the Cobra Shear Zone. Previous intercepts include: 5m at 32.55 g/t gold, 0.14% copper, including 1m at 138.8 g/t gold, and 8m @ 5.75 g/t gold.
- Porphyry: broad zones of disseminated copper and gold mineralisation which are possibly related to a non-magnetic intrusive unit, with a previous intercept of 24m @ 1.43 g/t gold, 0.88% copper (EOH).
Drilling will also be conducted approximately 1.5km to the NW of Balogo Hill, to test another major shear zone that was identified from Golden Rim’s high resolution aeromagnetic geophysical survey. This shear zone has been traced for over 7km and lies mainly under shallow soil cover. Some very high gold-in-soil sample results, including 2,502 ppb gold and 1,198 ppb gold, have been obtained in this area, where no drilling has been conducted to date. Golden Rim’s Managing Director, Mr Craig Mackay, said that “the aim of the infill drilling at Balogo is to demonstrate that the gold and copper mineralisation intercepted in the drilling to date is continuous and predictable, thereby allowing a maiden resource estimate to be calculated.” “The Company’s overriding goal is to deliver at least one robust gold resource project in West Africa to shareholders by the end of this field season.” Mr Mackay said. |
