West African gold explorer Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company) is pleased to announce assay results from four reverse circulation (RC) drill holes (totalling 530m) at its Kada Gold Project (Kada) in Guinea, where Golden Rim is completing resource definition drilling for a maiden Mineral Resource.
Highlights
Resource definition diamond drilling at Kada continues to confirm multiple, broad, sub-parallel zones of gold mineralisation in the Newmont gold resource area.
New gold intersections (0.3g/t gold cut-off) include: o KRC005: 22m at 1.1g/t gold from 41m 32m at 1.2g/t gold from 88m (hole ended in mineralisation)
KRC006: 59m at 1.2g/t gold from 1m
KRC007: 13m at 1.4g/t gold from 1m including 1m at 11.2g/t gold from 1m
24m at 1.1g/t gold from 91m (hole ended in mineralisation)
KRC008: 47m at 1.9g/t gold from 0m including 14m at 4.4g/t gold from 1m
65m at 0.7g/t gold from 55m
Golden Rim's drilling is outlining extensive areas of additional oxide gold mineralisation within large gaps in the previous Newmont drilling.
Assays for 3 diamond, 10 RC and 1,782 auger holes at Kada pending, expected over coming weeks Golden Rim on track to deliver Kada maiden Mineral Resource Estimate in 2HCY21.
Golden Rim's Managing Director, Craig Mackay, said: 'Our thick oxide gold blanket at Kada is growing. The latest drilling results confirm the 100m - 120m deep, soft, oxide gold mineralisation extends up to 700m in width and remains open. We are defining substantial areas of additional mineralisation in large gaps in the previous Newmont drilling, particularly in the southern and western portions of the Newmont gold resource area.
'The new oxide gold intersection of 47m at 1.9g/t gold, including 14m at 4.4g/t gold, is particularly exciting as it is the best intercept so far from the latest round of drilling and this broad zone of mineralisation remains open to the south where there is no previous drilling in the oxide zone.'
Contact:
Craig Mackay
Tel: +61 3 8677 0829
Email: craig@goldenrim.com.au
This announcement was authorised for release by the Board of Golden Rim Resources Ltd.
Competent Persons Statements
The information in this report relating to previous exploration results and Mineral Resources are extracted from the announcements: Golden Rim Hits 46m @ 1.3g/t Gold in Oxide at Kada dated 19 July 2021; Golden Rim Continues to Outline Broad Oxide Gold Area at Kada dated 13 July 2021; Golden Rim Confirms Broad Zones of Oxide Gold in Resource Drillout at Kada dated 29 June 2021; Golden Rim Accelerates Maiden Mineral Resource Drillout at Kada Gold Project dated 31 May 2021; Golden Rim Ramps Up Drilling on West African Gold Projects dated 23 March 2021; Golden Rim Commences Major Exploration Program at Kada dated 25 February 2021; Broad zones of deep oxide gold mineralisation confirmed at Kada dated 16 November 2020. These reports are available on the Company's website (www.goldenrim.com.au). The Company confirms that it is not aware of any new information or data that materially affects the information included in these announcements and, in the case of the Mineral Resource estimate, that all material assumptions and technical parameters underpinning estimate continue to apply and have not materially changed. The information in this report that relates to exploration results is based on information compiled by Craig Mackay, a Competent Person, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Mackay is a full-time employee of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
ASARA RESOURCES LIMITED 
