Friday, April 26th 03:28 PM IST

Golden Rim begins 4000m drilling program in Burkina Faso

# Golden Rim  # ASX: GMR  # Gold  # Gold Mining  

The drilling program will comprise approximately 26 RC drill holes with an average depth of 150m per hole.

PERTH(BullionStreet): Golden Rim Resources Ltd (ASX: GMR) has announced that it has commenced a program of 4,000m of reverse circulation (RC) drilling to test priority target areas at the Banouassi and Namagdo prospects at the Korongou Project in Burkina Faso.

The drilling program will comprise approximately 26 RC drill holes with an average depth of 150m per hole.

The 315 square kilometre Korongou Project, which is being acquired from Epsilon Gold Mines, was one of the most sought after gold properties in Burkina Faso.

Extensive zones of gold mineralisation have been identified and over the past decade, Epsilon received offers to purchase the property from more than 20 companies, including several of the gold majors.

The project is believed to have the potential to quickly produce a gold resource in excess of 1 million ounces.

Korongou covers part of the highly prospective Birimian greenstone belt in Burkina Faso and is traversed by a significant northeast trending fault that connects to the major Markoye fault system.

This fault controls a number of major gold deposits including the 5 million ounce Kiaka, the 5.2 million ounce Bombore, the 5.6 million ounce Essakane and the 2 million ounce Samira Hill.

More than 70 kilometres of potential gold mineralised structures have been mapped by Epsilon or exposed in artisanal workings within the Korongou permit, and these structures are ready for drilling.

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