• Published 13 days ago

Gold Rim Exploration Inc. Drills 19.7 Metres of 4.97 Grams of Gold Per Ton at Corriente Belt Project, Ecuador

Gold Rim Exploration Inc. has released the last of its drill results from the 2024 exploration campaign at its Corriente Belt project in Ecuador.

The 22-hole program was designed to confirm the results of previously determined assays and expand near-surface resources at the north east of the project in an area named Gun Grange, this also including tests carried out at an area to the east of the project named Sacred Ridge.

As reported by Dr. Fernando Durán Martín, the company's Geologist who over-sees the project, "These are without doubt our best results from Corriente Belt yet."

"These remarkable intercepts, at lengths longer than expected have attractive grades within and around the Gun Grange resource increases our confidence of the deposits and the potential for project expansion," he added.

Highlights from the final 8 holes released from the 3,600-metre-long drill program included 19.7 metres of 4.97 grams of gold per ton, including 1.1 metres of 11.4 grams of gold per ton and 15.8 metres of 3.76 grams of gold per ton at the northeast of the Sacred Ridge deposit.

Hole 11 was one of four infill and extension drillholes at the Gun Grange zone drilled 75 metres apart on southwest trending vertical sections. The drilling confirmed that the mineralization extends past the 2022 resources previously confirmed.

Four holes tested the central portion of the Sentinel deposit, with highlights including 96.2 metres of 2.92 grams of gold per ton starting from 9.6 metres in hole 19 and 11.7 metres of 2.44 grams of gold per ton starting from 16.6 metres in hole 14.

Two holes were also drilled at north of a Gun Grange which returned a highlight intercept of 4.6 metres of 3.04 grams of gold per ton starting at 17.9 metres depth in hole 22.

In 2019, the company released an inferred total resource for the Corriente Belt project totaling over 300,000 grams of gold and a mine life of over 12 years.