West African gold explorer, Golden Rim Resources Ltd (ASX: GMR) (Golden Rim, Company), is pleased to provide its latest drilling results from its Kouri Gold Project (Kouri) in Burkina Faso.

Assays have been received for 10 reverse circulation (RC) drill holes for a total of 1,046m. Three RC drill holes were located within the Mineral Resource area (BARC365, GRC007 tail, GRC010); two drill holes (MRC027 - MRC028) located at the Diabatou Prospect, and 5 drill holes (MRC029 - MRC033) located at the Perga Prospect.

Diabatou Prospect

In the southern portion of the Diabatou Prospect, assay results have been received for an additional two RC drill holes (MRC027 - MRC028) completed around previous drill hole MRC016 which discovered high-grade gold (9m at 3.6g/t gold from 49m, including 1m at 15.1g/t gold from 50m). The high-grade gold mineralisation is associated with an extensive east-northeast-trending zone of artisanal workings that extend over 200m. Previous rock chip sampling of mineralisation exposed in the artisanal workings returned results up to 14.7g/t gold.

New drill hole MRC027 intersected the same zone of high-grade mineralisation 25m beneath drill hole MRC016 with a drill intersection of 4m at 12.6g/t gold from 77m, including 2m at 22.5g/t gold from 78m (0.5g/t gold cut-off) or 8m at 6.5g/t gold from 76m, including 2m at 22.5g/t gold from 78m (0.3g/t cut-off). The intercept in drill hole MRC027 indicates the gold grade of the mineralisation may be increasing at depth where its extent remains open.

Drill hole MRC028 intersected the same zone of high-grade mineralisation 50m along strike to the west of drill hole MRC016 and 25m west of the artisanal workings with drill intersections of 2m at 1.1g/t gold from 47m and 3m at 6.1g/t gold from 54m, including 1m at 15.5g/t gold from 54m (0.5g/t gold cut-off) or 10m at 2.1g/t gold from 47m, including 1m at 15.5g/t gold from 54m (0.3g/t gold cut-off).

With previous drill hole MRC027, which intersected 6m at 9.5g/t gold from 63m (50m east of MRC016), the potential highgrade gold shoot has now been outlined over at least 100m in strike length. The mineralisation remains open along strike and the gold grade within the potential shoot may be increasing along strike to the east where the artisanal workings extend for a further 120m past the current drilling.

The high-grade gold mineralisation, at this stage, shows excellent continuity and is associated with a distinct zone of intense shearing, up to 10m wide, within the granite country rocks which offers a clear target for follow-up drilling. The gold mineralised zone strikes 070 - 0750 and dips 650 south. Further RC drilling is planned at this target as soon as exploration re-commences.

Mineral Resource Area

Infill RC drilling has been conducted on a 50m x 50m spacing in the northern portion of the 1.4Moz Mineral Resource beneath Guitorga Hill and extensional RC drilling has been conducted on a 100m x 50m spacing at the Kogodou Prospect for 550m along strike to the northeast of the Mineral Resource.

Samples for infill drill hole (BARC365) and one new drill hole (GRC010) completed at the Kogodou Prospect have been received. In addition, samples for an 18m extension to previous drill hole GRC007 at the Kogodou Prospect which ended in mineralisation (3m at 3.3g/t gold from 117m) were received.

The best intercepts from these new drill holes include: 1m at 3.2g/t gold from 44m (BARC365) 9m at 0.9g/t gold from 53m (BARC365) 13m at 0.6g/t gold from 2m (GRC010) (drill hole commenced in gold mineralisation) No significant gold results were obtained in the extension of GRC007. Samples for a further four RC drill holes (GRC011, GRC014, GRC015 and GRC017) completed at the Kogodou Prospect are at the laboratory in Ouagadougou (Burkina Faso) and assays are pending.

Perga Prospect

Assays were received for 5 RC drill holes (MRC029 - MRC33) completed at the Perga Prospect, located 10km northeast of the Mineral Resource. Recent geological mapping identified an extensive zone of quartz vein mineralisation within strongly altered volcanic rocks at the Perga Prospect. Previous rock chip samples from the Perga Prospect include 22.2g/t gold, 18.9g/t gold and 13.0g/t gold.

Commenting on the latest drilling results, Golden Rim's Managing Director, Craig Mackay, said: 'We have now hit continuous high-grade gold in four holes at Diabatou and we may have discovered a gold shoot. The high-grade gold mineralisation has now been delineated for 100m along strike and to 70m below surface and remains open in all directions.

We have seen the immensely positive impact the discovery of a high-grade gold shoot had on West African Resources' (ASX:WAF) Sanbrado Gold Project, which is located only 100km down the road from Kouri. West African Resources announced its first gold pour at Sanbrado on 18 March 2020 and is expected to produce more than 300,000 ounces of gold in the first 12 months at AISC of less than US$600/ounce. We now have a very clear target to follow up as soon as we are able to re-commence drilling and we eagerly look forward to determining the extent of the high-grade gold mineralisation at Diabatou.'

Contact:

Tel: +61 3 9836 4146

About Golden Rim Resources

West African gold explorer, Golden Rim Resources Limited (ASX: GMR), is focused on the discovery and development of gold projects in West Africa. With a decade of experience working in Burkina Faso, the Company is well placed to turn discoveries into real value for shareholders. The Kouri Gold Project, located in north-east Burkina Faso, contains over 1.4Moz in defined Mineral Resources, with significant upside potential to grow. Kouri is traversed by a significant NE-trending fault splay that is connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, including Kiaka (5.9 Moz gold), Bombore (5.2 Moz gold), Essakane (7 Moz gold) and Sanbrado (2.8 Moz gold). The mineralised fault system extends into western Niger where the 2.5 Moz Samira Hill is located. For more information: www.goldenrim.com.au

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