jorc - grades & ounces, page-18

Golden Rim Resources closes in on gold resource in Burkina Faso
Friday, January 18, 2013 by Angela Kean


Golden Rim Resources (ASX: GMR) has received assays from recent drilling of the Netiana Lodes within its Balogo Project in Burkina Faso which have further extended the gold mineralisation at depth and along strike.

This has paved the way for the company to begin the estimation of a JORC Resource for the Netiana Lodes, with a preliminary Resource to be released by the end of January followed by a final report in mid-February 2013.

The results from a program of diamond and reverse circulation drilling have confirmed further depth extensions to the Netiana Lodes to 240 metres below surface and the mineralisation remains open at depth.

Drilling has also increased the strike of the mineralisation for an additional 150 metres along strike to the northeast.

New results include 10.8 metres at 1.4 grams per tonne (g/t) gold from 297 metres; 3 metres at 3.2g/t gold from 268 metres; 6 metres at 1.5g/t gold from 141 metres; 8 metres at 1.1g/t gold from 109 metres; and 1 metre at 8.3g/t gold from 7 metres.


High grade gold

A batch of results previously released in late December from the Netiana Lodes included an extremely high grade intercept of 1 metre at 123g/t gold from within a broader intercept of 13 metres at 22g/t gold from 42 metres.

The Netiana Lodes is a near surface, high grade discovery which has produced earlier impressive intercepts of 57 metres at 40.6g/t gold, including 8 metres at 245g/t gold; and 31 metres at 65.6g/t gold, including 6 metres at 308g/t gold.

The average weighted grade at Netiana is 15g/t gold uncut.

Significantly, infill diamond drilling continues to demonstrate the continuity of the very high grade, shallow, oxide gold mineralisation in the Netiana Lodes.

Multiple, stacked, high grade gold lodes continue to be intersected and these lodes remain open at depth and down plunge to the northeast.

These highly positive results demonstrate the potential for Netiana to be a low CAPEX, low cost, high margin open pit operation.


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