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Market:	ASX
Sector:	Gold Mining
EPIC:	GMR
Latest Price:	0.18 (2.94% )
52-week High:	0.23
52-week Low:	0.10
Market Cap:	62.89M

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Golden Rim Resources

Golden Rim Resources (ASX: GMR) is focused on exploring and developing gold and copper resources in West Africa and Sweden, and is currently active on several projects.

Golden Rim Resources commences geophysical Survey Commences in Mali

Monday, November 09, 2009

West Africa copper-gold explorer Golden Rim Resources (ASX: GMR) has kicked off a busy period after starting a high resolution aeromagnetic and radiometric survey over areas of the company’s Farada Project in southern Mali.

The Farada Project comprises three licences, Farada, Kadiouni and Niaouleni West with a total area of 99 km2, and covers areas of highly prospective Lower Proterozoic Birimian volcano-sedimentary rocks which are hosts for major gold deposits in western Africa.

It is expected the airborne geophysical survey will cover two licences - Farada and Kadiouni.

The company has contracted Xcalibur Airborne Geophysics of South Africa to undertake the airborne geophysical survey, which will be flown with a nominal ground clearance of 35 metres and along lines spaced at 75 metres. A total of approximately 1,160 line kilometres will be flown during the
course of the survey.

During the mid to late 1980’s a number of soil geochemical surveys funded by international aid organisations were carried out over the region.

The surveys outlined a number of significant surface arsenic anomalies in the lateritic soil cover. Throughout the region significant artisanal gold workings, both active and historic, are found associated with these arsenic anomalous areas.

A major north-east trending arsenic-in-soil anomaly extends for over 8 kilometres through the Farada
and Kadiouni licences.

Immediately south of the Kadiouni licence African Gold Group have recently defined an Inferred Resource of 5,560,000 tonnes at 3.02 g/t gold for 540,933 ounces beneath a major arsenic anomaly at their Kobada prospect.

Arsenic anomalies in the Farada Project area range from 100 ppm to 2,414 ppm arsenic. The magnitude of the anomalism within the Farada Project is equivalent to that associated with the Kobaba gold resource.

No drilling has ever been conducted to test for basement gold mineralisation beneath any of the significant arsenic anomalies within the Farada Project area.

The objective of the geophysical survey is to gain a better understanding of the primary geological controls of gold and arsenic mineralisation in the Farada pProject area, as the region has practically no outcropping rocks.

It is expected that this enhanced understanding of the area will result in significant new gold exploration drilling targets.

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