New gold discovery in Burkina Faso

Golden Rim Resources has made a new gold discovery in Burkina Faso.

Australian company Golden Rim Resources announced that it has made a new gold discovery at the Red Hill prospect, part of the company’s Kouri project in Burkina Faso.

The announcement follows the company’s rerelease of the results of a new round of reverse circulation (RC) drilling at Red Hill, which is a prospect about 4.5km south-west of the maiden one-million-ounce resource at the Banouassi prospect, which also forms part of Kouri.

According to Craig Mackay, managing director at Golden Rim, two RC holes were drilled to test the anomalies at Red Hill; both drill holes returned significant gold intercepts.

“We are very excited to have made a new gold discovery with our first follow-up RC drilling,” says Mackay. “The two holes drilled so far intersected broad zones of significant gold mineralisation that remain open at depth and along strike,” he adds.

Mackay says that follow-up RC drilling was expected to begin in about a week’s time, with ASX-listed mining services business Ausdrill contracted to remobilise to Kouri. That programme is expected to consist of 12 holes for about 2 000m.

The Kouri Project (formerly called Korongou) covers an area of 57km2 and is about 230km north east of Ouagadougou, in the Lower Proterozoic Birimian ‘Samira Hill’ greenstone belt. It is traversed by a significant north-east (NE) trending fault splay which is connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, including Kiaka (5.9Moz gold), Bomboré (5.2Moz gold) and Essakane (6.2Moz gold). The mineralised fault system extends into western Niger where the 2Moz Samira Hill is located.

More than 20 gold mineralised, parallel, NE-trending shear structures have been identified in trenches, pits and drilling within a 1km wide corridor in the eastern portion of Kouri. The mineralisation lies in a package of highly altered volcanic and volcanoclastic host rocks and is associated with a major auger gold anomaly and a prominent 6km long dilational structural jog along a regional NE-trending shear zone.

 

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