wider focus & potential - pacific region

Its all FALUN atm, but GMR has Wider Focus & Potential:

1) Sabeto Gold Project, Fiji
(Golden Rim 75%; Mincor Resources NL 25%)

Golden Rim controls the majority of the under-explored Navilawa Caldera (or Navilawa goldfield) in Fiji. The adjacent volcanic centre, the Tavua Caldera, located 35 kilometres to the northeast hosts the giant Vatukoula gold deposit (greater than 10 million ounces of gold), which until recently was operated as a multi-shaft operation with production of some 120,000 ounces of gold per annum. Golden Rim considers the Navilawa Caldera to be just as prospective as the Tavua Caldera.

The Sabeto licence is also prospective for bonanza grade epithermal veining of similar style to the nearby Tuvatu gold deposit (1.64 million tonnes @ 8.5 grams per tonne (g/t) for 450,000 ounces of gold).

A renewal application for the Sabeto licence was recently lodged with the Mineral Resources Department of Fiji.


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2) Webe Creek Gold Project, Vanuatu
(Golden Rim 81.25%, Mincor Resources NL/ Rimfire Resources Ltd 18.75%)

Webe Creek is situated on the Pacific Rim of Fire on the northern Island of Espiritu Santo in Vanuatu.

At the Laonasmata prospect, a 4 kilometre long and 300 metre wide mineralised zone has been identified. Coincident within the zone are outcropping epithermal gold and silver-bearing veins, anomalous gold-in-soil, hydrothermal alteration and geophysical anomalies. The Laonasmata prospect is prospective for a ‘Porgera-style’ (+14 million ounces) gold discovery.

A renewal application for the Webe Creek licence was recently lodged with the Department of Mineral Resources in Vanuatu.

Webe Creek is situated on the Pacific Rim of Fire on the northern Island of Espiritu Santo in Vanuatu and is also subject to Golden Rim’s farm-in agreement with Mincor Resources NL.


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3) Tafuse Gold Project, Vanuatu
(Golden Rim 75%, Mincor Resources NL 25%)

The Tafuse Licence adjoins Webe Creek to the north. Five gold targets have been identified, comprising epithermal alteration zones with gold mineralisation on surface.The most advanced prospect at Tafuse North consists of a series of explosive breccia bodies aligned over 700 metres along an elongated northwest trending zone with a coincident gold (generally greater than 0.5 g/t), arsenic, copper, lead and zinc soil anomaly. Exotic siliceous clasts in the breccia have assayed up to 10 g/t gold and 860 g/t silver.