Beauty, I was sure something was cooking with this...
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Column 1 0 Kouri Gold Project area increases from 58km2 to 245km2. Control over the Samira Hill Shear Zone (SHSZ) increases from 16km to 40km. To date, Golden Rim has outlined a Mineral Resource of 1.4Moz of gold along the SHSZ over only approximately3.2km or less than 10% of the strike length. Bulk of the SHSZ within the new Margou and Goueli permits remains unexplored. RC drilling has already commenced on the Granite Target area within the Margou Permit. As a strong vote of confidence in the project, the Pella Group agreed to take Golden Rim shares as considerationfor the Lafi Transaction and have become a significant shareholder in the Company (~8%). The Pella Group have a strong track record in exploration and development in Africa and investments incompanies including Petra Diamonds Limited (LSEDL, Mkt Cap £175m), Tharisa plc (JSE:THA & LSE:THS,Mkt Cap £283m) and Toro Gold Ltd (150,000 oz/yr producer in Senegal).
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