GMR - Golden Rim Resources - Aussie Stock Forums

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  1. #1

    Post GMR - Golden Rim Resources

    Hi folks,

    GMR ..... obviously a leaky bucket here, ahead of several positive
    time cycles over the next few weeks:

    25-28072008 ..... minor cycle

    05-06082008 ..... significant and positive cycle

    08-11082008 ..... significant and positive news expected here

    18082008 ..... minor cycle

    21-22082008 ..... positive spotlight on GMR .....

    29082008 ..... 2 cycles and minor news expected here.

    have a great day



  2. #2

    Smile Re: GMR - Golden Rim

    has anybody been watching GMR last few days it has starting trading well
    any ideas... any news coming out shortly

  3. #3

    Smile GMR - Golden Rim

    Time to wake this thread up.

    GMR has a new life and a serious new Dubai based major shareholder and JV partner in the Royal Group with $Billion invested in property and industrial enterprises in the middle east and Africa.

    They are now expanding in resources, main focus in gold and have picked up control of GMR to buld a serious mostly African based mining house.

    The projects target are advanced brownfields with potential to be 1 million ounces or greater.

    Obviously funding is not an issue, the group has a large balance sheet and the deal flow accross its desk is heavy.

    There are a nimber of large projects yet to come but the two intial ones are seriously good. Drilling in mali starts this month.

    the Swedish project (obviously not Africa) is an absolute cracker and this was picked up from Oz minerals after it got into financial problems.

    Small market cap, $3M about to be plonked in the bank from a raising and major upside potential.
    Last edited by prawn_86; 6th-June-2009 at 10:03 AM.

  4. #4

    Smile GMR - Golden Rim

    Ok, the Swish project is a cracker but we are drilling the Mali project (which has just been greatly increased in area with the recent acquisition of an adjacent parcel of land).

    We already have 160,000 sitting at surface with enormous potential to grow this resource big time with the drilling program which kicks off this month.

    Here is a sample of what the ground has thrown up in the past:

    Previous Drilling

    Selected high grade gold intercepts at Sepola
    include: 18 m @ 8.19 g/t gold, 6 m @ 20.87 g/t gold, 7 m @ 16.03 g/t gold, 24 m @ 4.17 g/t gold and 7 m @ 6.68 g/t gold. The 18m @ 8.19 g/t was never followed up by the previous owner.

    Recent Rock Chips collected by GMR are whoppers.

    1205 g/t (38.7 oz/t), 28.6 g/t, 15.3 g/t and 11.7 g/t Au

    GMR is already calling this baby a million ounce potential deposit. They believe they have got the model right and are pretty sure the ore body runs South and downwards (previous owner had a different view on inferior data)

    So we have two cracking good projects in the bin already and more in the pipeline.

  5. #5

    Default Re: GMR - Golden Rim

    Decided to buy into GMR. To quote Pub Lunch Man on another board, GMR has the following to support my purchase:

    Sepola Gold Project in Mali

    * The 3,000m reverse circulation drilling program (commenced today) is designed to extend and infill the current Inferred Resource of 3,084,000 tonnes at 1.64 g/t gold for 162,000 oz of gold- major expansion in resources is expected with additional drilling

    * Previous drill hole intersected 18 m at 8.19 g/t gold and where Golden Rim’s rock chip sampling of an 80 cm wide quartz vein returned an assay of 1205 g/t (38.7 oz/t) gold

    * Aiming to have enough oxide gold resources to consider mine feasibility within 12 months- operating mines in region generally have low cashcosts (

    * Near major number multi‐million ounce gold deposits- Sadiola (13.5 Moz @ 2.4 g/t gold), Yatela (2.0 Moz @ 2.8 g/t gold), Loulo (11.4 Moz @ 4.1 g/t gold)

    Royal Falcon Mining LLC (GMR 35%; Royal Group 65%)

    * Established to acquire major mineral projects- acquisition or partnership negotiations are advanced on several major projects

    * Owned by members of the Abu Dhabi Royal Family, Royal Group is one of largest business and investment houses in UAE and is a conglomerate of over 60 companies and over 10,000 employees

    Falun Gold–Copper‐Zinc Mine (Sweden)

    * One of the world’s great ore‐bodies; once supplied 2/3 of
    world’s copper- past mining concentrated on the “copper‐rich” massive sulphide ore (in the centre of the deposit)

    * Siliceous copper and gold ores east and west of the massive sulphide ore not considered by past miners and large areas of mineralisation remain- historically this ore was too hard to extract

    * Previous mining to 450m depth- deep drilling has found additional ore at 850m depth. This deeper ore offers an attractive future exploration target

    * Past drilling shows there are sub‐vertical continuous zones of massive to disseminated copper and gold mineralization to at least 1000m depth

    * The limited assays from this drilling show this mineralisation can grade between 1 – 5% copper and 1 – 30 g/t gold. There are local bonanza gold grades (500 – 800 g/t )

    * Drilling is expected to commence in the third quarter of 2009


    As a BESBS PLayer, GMR ticks some boxes.

    - it is now cashed up after the SPP
    - it has an attractive target to drill
    - drilling is now starting so no long delay before action.

    As always, risk is present and DYOR.

    Bought in at 3.8c average

    BESBS Player

  6. #6

    Default Re: GMR - Golden Rim

    Interesting to see that the SP has risen 10-15% in the last day or so. Given it looks a little more difficult to find stock on the market, I am wondering if Pattersons might have slowed/finished selling their placement stock??? Guess we will see over the next few days.

    Happily holding GMR at 3.8c

  7. #7

    Talking Re: GMR - Golden Rim


    I believe Patterson's have finished selling GMR. News of drilling results very soon in Mali and after that the drilling starts in Sweden in one of the longest lived mines in the world. This one just keeps giving. And they are targeting the rock that was simply too hard to touch for hundreds of years and is expected to contain lots of the good stuff.

    Not to mention the Middle East connection so funding will be of no concern.

    I hold and am trying to find more cash to accumulate. Check out the website.


  8. #8

    Default Re: GMR - Golden Rim

    Hi Max.
    Agree with your comments.

    Just seen the ASX announcement regarding the high grade gold mineralisation at the Falun mine in Sweden! The start of a profitable journey???

    Holding GMR

  9. #9

    Talking Re: GMR - Golden Rim

    Hi BESBS,

    Unexpected announcemnt. Topped up as soon as I could. Great news. Sweden will make this company, and Mali could too. Glad I'm in. Glad its gold


  10. #10

    Default Re: GMR - Golden Rim

    Hi Max,

    Yes, caught me by surprise as well. I do like nice surprises especially announcements to the ASX involving high grade gold!
    The market appears to have liked the announcement as well given the 15%+ SP increase.

    Happily Holding GMR

  11. #11

    Default Re: GMR - Golden Rim

    Great to see that GMR has managed to increase in value as the scale of the gold results from Falun (Sweden) have come to light.
    Nice to see that management are supporting the stock as well.
    IMHO, GMR could get another boost when other mineral results come in from Sweden - remember that it is only gold that has been tested and released to the market at this point.
    The Mali to follow...

    Happily Holding GMR at 3.8c

  12. #12

    Default Re: GMR - Golden Rim

    End of the week anddespie a few profit-takers understandably locking in some funds if they need them for business, GMR has had a superb week. Defying the red market conditions for much of the week, the SP has finished just under 8c (touching 9c at one point earlier on) and is now up over 100% on my entry price posted below.

    With more results to come from Sweden (remember that we have only had the gold results to date) and then Mali, the potential for more good news is here (although risk is always attached to waiting for drilling results).

    Happy to ride the GMR train a while yet

    Holding GMR at 3.8c

  13. #13

    Default Re: GMR - Golden Rim

    Just read this on another thread and thought that it gave an excellent summary of GMR at present. Credit to Pub Lunch Man for the following:

    For all GMR holders I believe it’s important to profile the company’s current initiatives. The below information is designed to benefit existing holders and potential new investors. Part 2 regarding GMR's Royal Falcon JV will follow soon...


    Sepola, Mali

    * The Sepola Gold Project in western Mali lies approximately 40 kilometres southeast along strike from the Sadiola and Yatela gold mines (greater than 15 million oz of gold) which are jointly owned by AngloGold Ashanti and IAMGOLD Corporation and approximately 40 kilometres northwest of the Loulo gold deposit (12 million oz of gold) which is owned by Randgold

    * The close proximity of these Sepola gold resources to the Sadiola Mine and several other major gold mines offers scope for Golden Rim to investigate the option for the toll treating of ore and generating an early cash flow, should the planned exploration be successful.

    * Selected high grade gold intercepts at Sepola
    include: 18 m @ 8.19 g/t gold, 6 m @ 20.87 g/t gold, 7 m @ 16.03 g/t gold, 24 m @ 4.17 g/t gold and 7 m @ 6.68 g/t gold.

    * Golden Rim believes that the high grade nature of these rock chip sample provides additional evidence that there is considerable scope to locate additional higher grade gold mineralisation at Sepola to add to the existing Inferred Resource base of 3,084,000 tonnes at 1.64 g/t gold for 162,000 oz of gold.

    * During the quarter an additional licence, Tintinba West, was acquired and extends the Sepola Project area in the east by 32 square kilometres. A review of aeromagnetic data shows that several major structures are located within the new licence area. Golden Rim believes these structures offer interesting targets for the location of significant new gold mineralisation. Structures with similar orientations host the major gold deposits at Sadiola and Loulo.

    Mogoyafara South

    * The Mogoyafara South gold deposit is located in the southeast corner of the Sepola Project area. Key controls for significant gold deposits in the area include the intersections of major northwest-trending structures with northeast orientated faults, and the presence of igneous intrusions at or near these structural intersections. The Mogoyafara Prospect shares these geological characteristics with the multi-million ounce Sadiola and Yatella deposits.

    * Drilling by the previous owner produced an Inferred Resource of 2,800,000 tonnes at 1.6 g/t gold for 144,000 oz of gold which is currently open at depth and along strike.

    Linnguekoto Prospect

    * Very high gold results including 1205 g/t (38.7 oz/t), 28.6 g/t, 15.3 g/t and 11.7 g/t gold were obtained from quartz veining currently being mined by artisanal miners at Linnguekoto. Drilling by the previous owner produced an Inferred Resource of 284,000 tonnes at 2.0 g/t gold for 18,000 oz of gold which is also open at depth and along strike.

    Sanso Gold Project, Mali

    The Sanso licence covers 4 square kilometres and lies on the northern boundary of the Morila gold mine lease in a similar geological setting. The Morila gold mine lies approximately 3 kilometres south of this boundary and is jointly owned by AngloGold Ashanti and Randgold Resources. By June 2006, a total of 18.7 million tonnes of ore had been processed at the mine at an average grade of 7.5 g/t producing 4.1 million oz of gold. The Morila mine is currently producing 430,000 oz of gold per year and its treatment life is currently planned to continue until 2012.

    * The close proximity of project to the Morila mine also offers scope for Golden Rim to investigate the option for the toll treating of ore, should the exploration be successful.

    Farada Project

    * The licences cover an area of 99 km2 over highly gold prospective Birimian volcano-sedimentary rocks.

    * The company holding an adjoining licence recently defined a significant Inferred Resource of 5,560,000 tonnes at 3.02 g/t gold for 540,933 ounces beneath a major arsenic soil anomaly.

    * This same major arsenic soil anomaly extends for over 8 km through Golden Rim’s Farada Project area.


    * A reverse circulation drilling program comprising 25 holes (3,430 m) commenced at the Mogoyafara South Prospect on 23 June 2009 (assay results due from 7 holes this week). The drilling is designed to extend the current gold resource and upgrade a portion of the current Inferred Resource ounces to Indicated Resource status. Further drilling will be conducted early-October 2009

    * A detailed aeromagnetic survey (75 m line spacing and 3,600 line kilometres) is planned for the entire Sepola Project area. This data is expected to greatly refine the Company’s geological and structural understanding and to generate additional targets. Costs for this survey are expected to be shared between Golden Rim and several of the major gold companies that are operating in the region. The survey is scheduled for late August and should take around 6 days to complete.

    * A geological mapping and surface geochemical sampling program is planned for the next quarter at the Sanso Gold Project.

    * Auger drilling followed by reverse circulation drilling at the Farada Project is scheduled for October 2009, immediately following the rainy season


    Holding GMR happily at 3.8c

  14. #14

    Default Re: GMR - Golden Rim

    Nice to see some good results coming in from Mali.
    This is a real bonus but Sweden is the gem here IMHO.

    Happily holding GMR at 3.8c

  15. #15

    Default Re: GMR - Golden Rim

    the release today made for pleasing reading, and like you besbs, i have been happily waiting for falun -my own feeling based on what i have read on gmr website is that this could be a good story in the making, but dyor as always,plenty to read on the website.

  16. #16

    Default Re: GMR - Golden Rim

    Looks like GMR are leaving the station again...now north of 10c.

    With Sweden underway and more announcements likely in the next few weeks, time to enjoy the gravy train...

    Holding GMR at 3.8c

  17. #17

    Default Re: GMR - Golden Rim

    GMR, i bought into.. after the investor presentations shouldnt see prices like these again.. happy holdings..

    very excited regarding this share

  18. #18

    Default Re: GMR - Golden Rim

    This has great potential and upside with a number of quality projects. It also has great backing with credible partners...

  19. #19

    Default Re: GMR - Golden Rim

    Liked the nnement out today.
    While nothing confirmed at one level, the identification of 2 new targets and the commitment to drill them in 2009 provides continuing drilling action and added possibilities of good news in the last quarter of 2009.

    Happily holding GMR at 3.8c

  20. #20

    Default Re: GMR - Golden Rim

    Interesting to see the SP progress of GMR. As drilling is slowly occurring, looks like the punters do not want to be out of GMR when they release results. The SP has risen to 18c on a red-market day...always a good sign for growth potential .

    Still happily holding this from 3.8c when I posted here in late June.

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