(Ecofin Agency) - The ASX-listed company Golden Rim Resources published yesterday May 3 a first resource estimate of its Kouri gold project in Burkina Faso. According to the document, the mine hosts 20.8 million tons grading 1.5 g/t of gold, corresponding to 1 million oz of gold.

The assessment which was entrusted to RPM Advisory Services was reportedly made at a cut-off grade (minimum grade above which a deposit is economically viable) of 0.5 g/t gold. It revealed that about 15.3% of the total resource was classified as “indicated” and the remainder as “inferred”.

The CEO Craig Mackay said that this first estimate is a milestone for the company as it is far beyond expectation guidance and nearly the double of the company’s exploration target. He added that “the next step at Kouri is to continue drilling to further extend the mineral resource, which has only been estimated to around 90 m below surface and remains open at depth’.

Louis-Nino Kansoun