MC $9M
Cash $2.5M at 30 Sep.
Top shareholders are Acorn Capital and HSBC Nominees.
Mentioned on 9th Nov as the cheapest ASX goldie. Those who loaded up last week at 0.2c made 100% last Fri. SP currently at less than 2% of its 2012 highs, so thats a 50 bagger if they get back up there as just explorers. This time they intend to be producers with their current projects so 100 bags +? .
This is a savvy company that is cash efficient and seems to always find the sweet spots. The last 3 project in Sweden, Chile, and Burkina Faso have all netted high grades. The Chile Zinc project is up for sale JORC 2012 Mineral Resource of 2.4Mt at 8.0% Zinc Equivalent and has very good Lead and Silver grades also. They also have three gold projects in Burkino Faso. Now politically stable and the fastest growing gold mining area of Africa. Again Golden Rim are getting outstanding results.
KOURI Project ( Banouassi prospect is focus of current operations.)
Approx 20 parallel gold zones previously mined for 20,000 oz at 5.2 g/t gold
Initial Exploration Target of approximately 500,000oz to 611,000oz of gold
max drill depth 120m (shallow)
round the clock drilling now - 2 rigs for 15,000m RC drilling. Results plus maiden JORC expected early Dec.
RC drill intercepts include: 21m at 5.6g/t gold; 10m at 11.0g/t gold; 7m at 8.4g/t gold; 2m at 45.6g/t gold; 2m at 11.6g/t gold; 8m at 3.0g/t gold; 10m at 4.5g/t gold and 9m at 3.2g/t gold.
YAKO Project
RC drilling significant intercepts include: 15m at 5.0g/t gold, including 3m at 20.3g/t gold; 12m at 5.7g/t gold; and 19m at 4.1g/t gold, including 3m at 20.3g/t gold
BABONGA Project
Auger drilling peak auger results include: 7m at 1.6g/t gold; 2m at 3.1g/t gold; 6m at 1.1g/t gold; and 2m at 3.0g/t gold
