Resource estimate update on Kada Gold Project in Guinea released
Golden Rim Resources has announced an updated Mineral Resource Estimate (MRE) for its Kada Gold Project in Guinea. The Kada Gold Project is situated in eastern Guinea and covers an area of 150 square kilometers. It is centrally located in the Sigiuri Basin, which is known for its high prospectivity in the region.
The project is positioned 35 kilometers to the south of the AngloGold Ashanti’s Siguiri Mine Complex, which has a gold resource exceeding 10 million ounces. The MRE contains a maiden resource for the Bereko prospect, and an update for the Massan prospect and the results indicates positive progress and potential for the project.
Kada Gold Project
Massan had an Inferred Mineral Resource previously announced in 2022. However, additional drilling has improved the structural understanding of the deposit, leading to an increased level of confidence and the conversion of a substantial part of the resource into the Indicated category.
A comprehensive structural study, involving oriented diamond core drilling at Massan, has refined the geological modeling of the deposit. This enhancement has been a key factor in upgrading the resource estimate from Inferred to Indicated. Over 40% of the oxide material is now classified as Indicated.
By applying the same cut-off parameters as their maiden MRE (0.33 g/t Au cut-off for oxide/transitional material and 0.41 g/t Au for fresh material), Golden Rim Resources has added nearly 200,000 ounces (20%) to the overall gold inventory.
The company’s Managing Director, Tim Strong, outlined future plans, which include targeting further oxide growth at various prospective targets, such as Sounkou (13 km southwest of Massan), Bereko South, and Sadan. Moreover, there’s an option to increase resources at Massan by conducting additional drilling at the margins, as mineralization extends beyond the current MRE boundaries.
