Agreement to acquire up to a 75% interest in the Kada Gold Project (Kada) in Guinea.• Advanced gold project previously explored by Newmont Mining Corporation (Newmont).• Broad parallel zones of gold mineralisation have been identified at Kada. Notable Newmont drill results include:▪ 27m at 4.4g/t gold from 96m, including 2m at 26.6g/t gold from 112m (NSAC066);▪ 20m at 3.0g/t gold from 0m, including 2m at 17.1g/t gold from 9m (NSAC074);▪ 27m at 2.5g/t gold from 80m (NSAC098);▪ 9m at 8.4g/t gold from 78m, including 1m at 49.9g/t gold from 78m (NSAC168);▪ 41m at 2.1g/t gold from 0m (NSC003);▪ 4m at 28.9g/t gold from 20m, including 2m at 55.1g/t gold from 20m (NSC006); and▪ 32m at 2.3g/t gold from 42m (NSRC245).• Considerable exploration upside. Gold mineralisation remains open along strike and at depth.• ~90% of the gold-in-soil anomalies at Kada, including sample sites that have returned values up to 22.5g/t gold,remain untested.• Potential for near-term maiden JORC Mineral Resource to add to Golden Rim’s growing gold inventory in WestAfrica
GMR Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
