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GOLDEN RIM RESOURCES LTD

ASX: GMR

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Golden Rimís focus is on developing its gold projects in West Africa. The Company has projects in Mali and Burkina Faso and interest in projects in Sweden. Golden Rim also has a 35% interest in Royal Falcon Mining Ė a company formed specifically to acquire new and advanced projects.

In Mali, the Sepola Project has a JORC Inferred Resource of 181,000 oz and an active drilling program is underway. The Companyís project areas are strategically located and in highly prospective greenstone belts.

Golden Rim has a major total land holding in Burkina Faso. The Company is actively drilling and exploring across its numerous projects. The Company believes that its projects provide excellent potential for major gold discoveries as the areas are unexplored or under explored.

Golden Rim has permanent offices in the capital cities of both Mali and Burkina Faso. The Company has experienced management and an extensive local team with the appropriate expertise. This enables Golden Rim to move quickly and efficiently in order to maximise potential opportunities and deliver value to shareholders.

Royal Falcon is jointly owned by Golden Rim and Royal Group of Abu Dhabi. Through the Bergslagen Joint Venture, Royal Falcon is earning an interest in its Swedish Projects. Royal Group is also a major investor directly in Golden Rim.

Golden Rimís board of directors and senior management team are well known in the global mining industry and have a background of success in creating company value and in the discovery and mining of significant mineral deposits.

Yako Project, Burkina Faso

* Previous drill intercepts up to 11m @ 8.73 g/t gold
* Mineralisation open along strike and at depth
* Rock chips up to 49.2 g/t gold
* Multiple parallel gold-bearing quartz veins located over 500m of strike
* RC drilling planned

Sebba Project, Burkina Faso

* 6 granted licences covering 1,369km2
* Major gold-in-soil anomalies defined over at least 22km of strike and 1km wide
* Rock chip samples up to 78.5 g/t gold
* Geochemical sampling and RAB drilling currently underway

Balogo Project, Burkina Faso

* Located on highly prospective Lower Proterozoic Birimian greenstone belt
* Splay off Markoye Fault System
* No modern exploration
* 3 adjoining tenements totalling 546km2
* Gold-in-soil anomaly defined over 2.9km strike and 1,000m wide open to NE and SW
* Rock chips up to 49.9 g/t gold
* Additional geochemical sampling currently underway
* RC drilling planned

Comin Yanga Project, Burkina Faso

* Comprises two licences
* Not previously explored

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Galgouli South Project, Burkina Faso

* Strategically located near the Konkera gold deposit (1.2Moz gold)
* Not previously explored
* Field work scheduled to commence in early 2011

Sepola Project, Mali

* Strategically located between 10Moz operating gold mines (Sadiola and Loulou)
* Total JORC Inferred Resources of 3,756,000 tonnes @ 1.5g/t gold for 181,000 oz of gold
* Significant drill intercepts include 18m @ 8.19 g/t gold, 6m @ 20.87 g/t gold, 7m @ 16.03 g/t gold and 24m @ 4.17 g/t gold

Faraba Project, Mali

* Major regional arsenic soil anomaly
* Soil samples up to 12.6g/t gold
* Located in highly prospective Lower Proterozoic Birimian Volcano-sedimentary rocks
* Emerging new gold province

Sanso Project, Mali

* Strategically located immediately north of Morilla Gold Mine

Mine For

gold

Location of operation(s)

Sweden, Mali, Burkina Faso

Address

Level 2 , 10 Outram Street
WEST PERTH, WA, AUSTRALIA

Phone

(08) 9481 5758

Email

Website


Last Updated

6/4/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.