Emerging West African gold developer, Golden Rim Resources Ltd (ASX:GMR) today announced it had signed a binding agreement giving it the exclusive right to purchase 100% of the Kotouri Exploration Permit, which is 80km2 in area, and adjoins the Kouri Project, in Burkina Faso.
Upon completion of the acquisition, the Kouri area will expand from 245km2 to 325km2 , giving Golden Rim control over all of the high prospective Granite Target area, located 10km NE of the 1.4Moz gold Mineral Resource.
Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets. The company was awarded a 20,000m exploration drilling contract with Golden Rim Resources utilising one multi-purpose rig from the existing fleet. Drilling commenced in May.