Golden Rim says Kada has potential to be high-profit operation

About this update from Gelum Resources Ltd.

[{"type":"text","content":"Golden Rim says Kada has potential to be high-profit operation\n \n \n (NewsDirect)\n \n \n Golden Rim Resources\nLtd (ASX:GMR, OTC:GMRMF) MD Tim Strong speaks with Proactive after\nannouncing an updated mineral resource estimate (MRE) of 30.3 million\ntonnes at 0.95 g/t for 923,000 ounces of contained gold across the\nMassan and Bereko prospects at the company’s Kada Gold Project in\nGuinea. The updated MRE for Kada contains a maiden resource for the\nBereko prospect and an update for the Massan prospect. After the\nresource upgrade, a significant portion of Massan is now classified as\nindicated, which includes more than 40% of oxide material and 24% of\nMassan resources.\n \n \n Strong said: “The updated mineral resource estimate at Kada\nconfirms the potential of this exciting deposit.\n \n \n “A comprehensive\nstructural study using an orientated diamond core at Massan allowed us\nto refine our modelling and has resulted in a significant portion of\nthe mineral resource being classified as Indicated, including over 40%\nof the oxide material.\n \n \n “For the new MRE, we have deliberately chosen to use a higher\ncut-off and a more conservative pit shell to increase confidence in\nthe potential for Kada to be a high-profit operation.\n \n \n “Applying the same cut-off parameters as\nour maiden MRE (0.33 g/t gold cut-off for oxide/transitional material\nand 0.41 g/t for fresh material), we have added almost 200,000 ounces\n(20%) to the gold inventory.\"\n \n \n \n Contact\nDetails\n \n \n \n \n Proactive Investors\n \n \n \n Jonathan\nJackson\n \n \n +61 413 713 744\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2209,"tagName":"div"}]

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