14/06/2012 - 14:16

Golden Rim stocks fly on drilling results

14/06/2012 - 14:16

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Shares in Golden Rim Resources are soaring on the Australian Securities Exchange, after the Perth-based gold explorer announced significant new gold intercepts at its Balogo project in Burkina Faso.  

Golden Rim managing director Craig Mackay said assay results from its third program of RC drilling at Balogo’s Netiana Shear had revealed significant gold intercepts, including 31 metres at 27.8g/tonne gold, and 22 metres at 13.6g/t gold along strike from previous high-grade intercepts.

“We continue to be encouraged by the broad widths and the high grade of the multiple gold lodes at Netiana and we look forward to receiving the assays for the remainder of the infill RC drilling and the recent diamond drilling,” Mr Mackay said.

At 2:00PM, WST, Golden Rim stocks were up 33 per cent, trading at 14 cents.

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