Following the three year period, the licence can again be renewed by Golden Rim Resources for a further three years, providing up to a total of six years of additional tenure.
Babonga is located 70 km north east of Golden Rim Resources’ primary project in Burkina Faso, the Kouri gold project, where the company is currently conducting a reverse circulation drilling programme with an objective of defining a JORC resource by the end of 2017.
Golden Rim Resources believes that any future mine development at Kouri could potentially involve the treatment of gold mineralisation from Babonga.
Babonga has a highly coherent gold-in-soil anomaly approximately 2.1 km long and 300 m wide, which was defined in the southern part of the licence.
The anomaly is coincident with a major regional fault that is connected to the major fault zone that hosts gold mineralisation at Kouri.
Earlier this year, Golden Rim Resources conducted an air core drilling programme at Babonga. The drilling intersected widespread bedrock gold mineralisation and discovered a coherent zone of bedrock gold mineralisation, over an area of 1 km x 200 m, and comprising a series of stacked gold mineralised veins.
Peak values included:
- 7 m at 1.6 g/t gold from 28 m depth; including 1m at 4.8 g/t gold
- 2 m at 3.1 g/t gold from 4 m depth; including 1m at 5.4 g/t gold
- 6 m at 1.1 g/t gold from 14 m depth
- 2 m at 3.0 g/t gold from 12 m depth
Many of the air core holes were stopped before the planned depth of 50 m because the drilling reached blade refusal at fresh rock. The company is considering undertaking a small follow-up reverse circulation drilling programme, capable of penetrating into fresh rock to fully test the significant gold mineralisation.
Feature image credit: Golden Rim Resources