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ASARA RESOURCES LIMITED — Capital/Financing Update 2013
Feb 19, 2013
64427_rns_2013-02-19_3ec72dab-0de9-45a6-a444-8741b8b4a20b.pdf
Capital/Financing Update
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ASX/Media Announcement
20 February 2013
Golden Rim Completes its Due Diligence to Acquire the Korongou Gold Project
Golden Rim Resources Ltd ( Golden Rim ; ASX: GMR) today announced that it finalised its due diligence investigations under the agreement with Epsilon Gold Mines Ltd ( Epsilon ) and will proceed to acquire 90% of the Korongou gold project in Burkina Faso.
The project area covers 315km[2] and is located 230km NE of Ouagagougou, the capital of Burkina Faso. More than 70km of potential gold mineralised structures have been mapped by Epsilon or exposed in artisanal workings within the Korongou Permit and these structures are ready for drilling.
The Company is pleased to have secured the Korongou Project as it has been one of the most sought after gold properties in Burkina Faso. The Company is confident of the project’s gold resource potential and is planning a drilling program for the project area.
-ENDS-
For further information, please contact:
Hayley Butcher Anna Staples Golden Rim Resources AMN Corporate Company Secretary +61 400 205 433 +61 8 9481 5758 [email protected]
Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6005, Australia I PO Box 378, West Perth WA 6872, Australia www.goldenrim.com.au I [email protected] I T + 61 8 9481 5758 I F + 61 8 9481 5759
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The information in this public report that relates to exploration results and mineral resources is based on information compiled by Mr Craig Mackay who is a member of The Australasian Institute of Mining and Metallurgy. Mr Mackay is an employee of Golden Rim Resources Ltd. Mr Mackay has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Further Company Information
E: [email protected] W:goldenrim.com.au
Capital Structure
Issued Shares: 458,706,231 Unlisted Options: 33,950,000
Major Shareholders
Royal Group, Abu Dhabi 12.4% Acorn Capital 7.6%
Share Registry
Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6153 AUSTRALIA
T: + 61 8 9315 2333 F: + 61 8 9315 2233 E: [email protected] W: securitytransfer.com.au
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