Golden Rim (ASX:GMR) boosts ounces at Kada
October 10, 2023Golden Rim Resources significantly increased the confidence of its Mineral Resource Estimate, with more than 40 per cent of oxide gold now indicated within an upgraded resource of over 30 million tonnes for 923,000 ounces of gold across its Massan and Bereko prospects, part of the company’s Kada gold project in Guinea.
The new 30.3Mt at 0.95 g/t gold for 923,000 ounces MRE includes a shallow, central oxide core at the Massan prospect containing 319Koz @ 1.03 g/t.
The boost validates potential low-cost, free-digging, low-strip, open-pit development with metallurgical testwork recovering up to 97% in oxide.
With over 40% of gold oxide now indicated, the company is confident in its potential to grow mineral resources, including at depth, laterally and across the Kada.
“A comprehensive structural study using 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,” Golden Rim Managing Director Tim Strong said.
“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 (0.33g/t Au cut-off for oxide/transitional material and 0.41g/t Au for fresh material), we have added almost 200k Oz (20%) to the gold inventory.”
The next steps will target further oxide growth at several prospective targets, including Sounkou, 13km southwest of Massan, Bereko South, and Sadan.
Mineral Resource 3D perspective view
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