Golden Rim says Kada has potential to be high-profit operation

Cloud PRWire

–News Direct–

Golden Rim Resources Ltd (ASX:GMR, OTC:GMRMF) MD Tim Strong speaks with Proactive after announcing an updated mineral resource estimate (MRE) of 30.3 million tonnes at 0.95 g/t for 923,000 ounces of contained gold across the Massan and Bereko prospects at the companys Kada Gold Project in Guinea. The updated MRE for Kada contains a maiden resource for the Bereko prospect and an update for the Massan prospect. After the resource upgrade, a significant portion of Massan is now classified as indicated, which includes more than 40% of oxide material and 24% of Massan resources.

Strong said: The updated mineral resource estimate at Kada confirms the potential of this exciting deposit.

A comprehensive structural study using an orientated diamond core at Massan allowed us to refine our modelling and has resulted in a significant portion of the mineral resource being classified as Indicated, including over 40% of the oxide material.

For the new MRE, we have deliberately chosen to use a higher cut-off and a more conservative pit shell to increase confidence in the potential for Kada to be a high-profit operation.

Applying the same cut-off parameters as our maiden MRE (0.33 g/t gold cut-off for oxide/transitional material and 0.41 g/t for fresh material), we have added almost 200,000 ounces (20%) to the gold inventory."

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

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