Guinea's gold potential is relatively unexplored with the Country better known for its iron ore and bauxite production. Guinea has large areas of gold prospective geology and remains one of the most under-explored countries in West Africa.
Gold is becoming an important commodity in Guinea and interest from international explorers continues to grow. The Country's Ministry of Mines reports that Guinea has potential gold reserves estimated at approximately 630 tonnes, with annual production of 5-7 tonnes.
Golden Rim recently announced an agreement to acquire up to a 75% interest the Kada Gold Project in eastern Guinea. Kada covers 200km2 in the central Siguiri Basin, 36km along strike from the 10Moz Siguiri Gold Mine.
Kada is an advanced gold project, having been previously explored by Newmont who completed 34km of drilling and defined a non-JORC gold resource. With infill drilling, Golden Rim believes a maiden JORC Mineral Resource can be defined at Kada in the near-term.
Location of Golden Rim's Kada Project in Guinea