Perth-based gold miner Golden Rim Resources has acquired an additional two gold exploration permits (Kourori and Koro-Sud) in Burkina Faso, West Africa adding to the 14 permits already in place, amounting to an area of 3,220 square kilometers.
Perth-based gold miner Golden Rim Resources has acquired an additional two gold exploration permits (Kourori and Koro-Sud) in Burkina Faso, West Africa adding to the 14 permits already in place, amounting to an area of 3,220 square kilometers.
Combined with its gold properties in neighbouring Mali, Golden Rim has a gold portfolio covering over 3,590km2 in West Africa - often referred to as the fastest growing gold producing region in the world.
Golden Rim managing director Craig Mackay said "following six months of intensive project evaluation, our strategy to acquire a large area of highly prospective and under-explored ground in Burkina Faso has been very successful."
Full announcement below:
Golden Rim Resources today announced it has finalised agreements to acquire two additional gold exploration permits (Kourori and Koro-Sud) in Burkina Faso in West Africa.
Golden Rim now has 14 carefully chosen gold exploration permits in Burkina Faso, covering an area of 3,220 km2. Combined with its gold properties in neighbouring Mali, Golden Rim has a quality gold portfolio covering over 3,590km2 in West Africa - the fastest growing gold producing region in the world.
Mr Craig Mackay, Managing Director of Golden Rim, said "following six months of intensive project evaluation, our strategy to acquire a large area of highly prospective and under-explored ground in Burkina Faso has been very successful."
The terms of the agreements for the two additional permits are similar to those which the Company has already entered into in Burkina Faso.
All of the permits are strategically located on multiple greenstone belts highly prospective for the discovery of significant gold mineralisation. They were selected based on their association with major mineralising structures (most of the large gold deposits in Burkina Faso have been discovered near these major mineralising faults).
Exploration on the Burkina Faso permits will be fast tracked. A highly experienced local geological team, lead by Country Manager, Richard Zongo, is in place. The Company's Burkinabe and Australian geologists are completing reconnaissance visits to all of the permit areas. Detailed geological mapping and rock chip sampling is expected to commence in Gonsin within the next week.
The Gonsin Permit is directly adjacent and along strike from Cluff Gold PLC's Kalsaka gold operation. Depending on rig availability, a scout reverse circulation drilling program is planned to commence within the Gonsin Permit in mid June.
Golden Rim will continue to draw on its regional expertise and review additional opportunities in Burkina Faso. "We expect to finalise additional permit acquisition agreements by the end of the June Quarter," said Mr Mackay.
