Golden Rim Resources Ltd.
Golden Rim’s focus is on developing its gold projects in West Africa. The Company has projects in Mali and Burkina Faso and interest in projects in Sweden. Golden Rim also has a 35% interest in Royal Falcon Mining– a company formed specifically to acquire new and advanced projects.
In Mali, the Sepola Project has a JORC Inferred Resource of 181,000 oz and an active drilling program is underway. The Company’s project areas are strategically located and in highly prospective greenstone belts.
Golden Rim has a major total land holding in Burkina Faso. The Company is actively drilling and exploring across its numerous projects. The Company believes that its projects provide excellent potential for major gold discoveries as the areas are unexplored or under explored.
Golden Rim has permanent offices in the capital cities of both Mali and Burkina Faso. The Company has experienced management and an extensive local team with the appropriate expertise. This enables Golden Rim to move quickly and efficiently in order to maximise potential opportunities and deliver value to shareholders.
Royal Falcon is jointly owned by Golden Rim and Royal Group of Abu Dhabi. Through the Bergslagen Joint Venture, Royal Falcon is earning an interest in its Swedish Projects.
Royal Group is also a major investor directly in Golden Rim.
Golden Rim’s board of directors and senior management team are well known in the global mining industry and have a background of success in creating company value and in the discovery and mining of significant mineral deposits.
The Company’s Australian offices are in Perth, Western Australia and Box Hill, Victoria.
The Sebba Project is located in northeastern Burkina Faso and is comprised of 6 exploration permits covering approximately 1,369km2.
The permits are located on several greenstone belts which are traversed by major deep-seated shear zones and are considered highly prospective for the discovery of significant gold mineralisation. Active artisanal mining can be found on each of the permits.
Significant high grade gold rock chip sample assays and highly anomalous soil sample assays have been obtained from the Sebba Project.
The Balogo Project consists of 3 contiguous tenements covering 546km2 and is located in southern Burkina Faso. It covers part of a highly prospective Lower Proterozoic Birimian greenstone belt and is traversed for 25km by a significant north-east-trending fault splays which are connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, such as Taparko / Bouroum (1.5 Moz), Kiaka (2.6 Moz), Bomboré (2.7 Moz) and Essakan (5.2 Moz).
The Sepola Project in western Mali lies approximately 40km southeast along strike from the Sadiola and Yatela gold mines (greater than 15Moz of gold) and approximately 40km northwest of the Loulo gold deposit (12Moz gold).
The Sepola Project comprises 5 tenements totaling approximately 300km2.
The Sepola Project hosts a JORC Inferred Resources totaling 3,756,000 tonnes at 1.5 g/t gold for 181,000 oz of gold from two prospect areas (Mogoyafara South and Linnguekoto). The resource is open along strike and at depth. Additional drilling is expected to expand the number of ounces in this resource base.
The Faraba Project lies 120km south-southwest of Mali’s capital city, Bamako.
The Faraba Project covers highly prospective Lower Proterozoic Birimian volcano-sedimentary rocks which host major gold deposits throughout West Africa. At the Faraba Project, these rocks are covered by laterite which varies in thickness from several metres to several tens of metres.
In the licence directly south of Golden Rim’s Faraba licence, a Canadian-listed junior resource company, African Gold Group (AGG), has defined a significant gold resource lying beneath a major north-eastern trending arsenic soil anomaly. AGG have completed over 35km of drilling into the Birimian basement rocks beneath this anomaly and have announced a National Instrument 43-101 compliant Inferred Resource of 5,560,000 tonnes at 3.02g/t gold for 540,933 oz of gold at their Kobado prospect. The gold mineralisation at Kobado is associated with arsenopyrite (hence the arsenic anomalism in the over-lying lateritic soil) and is hosted within quartz veining found within a major north-northeast trending structural corridor.
The Sanso Project covers an area of 4km² and lies on the northern boundary of the Morila Gold Mine. It is in a similar geological setting to that of the Morila Gold Mine. The Morila Gold Mine lies approximately 3km south of this boundary. By June 2006, the Morila Gold Mine had processed a total of 18.7 million tonnes of ore at an average grade of 7.5 g/t producing 4.1Mozs of gold. The Mine is currently producing more than 300,000 ozs of gold per year and its treatment life is currently planned to continue until 2012.
The close proximity of the Sanso Project to the Morila Gold Mine also offers scope for Golden Rim to investigate the option for the toll treating of ore, should exploration be successful.
Golden Rim Resources Ltd
A.B.N. 39 006 710 774
Level 2, 10 Outram St
West Perth WA 6005
PO Box 378
West Perth WA 6872
Tel: + 61 8 9481 5758
Fax: + 61 8 9481 5759