The Kada Gold Project (Kada) comprises two exploration permits (Kada and Bamfele) and covers an area of 200km2 in eastern Guinea. It is located in the central Siguiri Basin and lies 36km along strike from (to the south of) the 10Moz Siguiri Gold Mine operated by AngloGold Ashanti.
Kada is an advanced gold project, having previously been explored by Newmont (2007 - 2012). Newmont completed 33,857m of drilling (297 holes) and outlined a non-JORC gold resource at Kada. Significant results include:
With infill drilling, Golden Rim believes it can calculate a maiden JORC Mineral Resource in the near-term.
There is considerable exploration upside at Kada. The gold mineralisation in the Newmont gold resource area remains open along strike and at depth. Only around 2% of the project area has been subjected to any exploration drilling and approximately 90% of the gold-in-soil anomalies remain untested at Kada, including sample sites that have returned values up to 22,470ppb gold (22.5g/t gold). Granite contact targets are considered a priority for exploration.
Kada Project gold in soil geochemistry