Ann: Golden Rim Quadruples Kouri Gold Project, page-3

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bevter

25,513 Posts.

1201

28/06/19

12:02

Post #: 39285871

Beauty, I was sure something was cooking with this...
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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).

	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).