Completion of Burkina Faso Gold Permits Acquisition http://news.iguana2.com/riedel/ASX/RIE/585151 http://www.goldenrim.com.au/IRM/Company/...RimCompletesDealwithRiedel -------------------------------------------------- HIGHLIGHTS • Acquisition consideration to Golden Rim of: ─ Cash payment of US$875,000, and; ─ Scrip payment of 12,500,000 fully paid ordinary shares in Riedel, all scrip consideration will be escrowed voluntarily for 12 months from issue. • Imminent commencement of field programmes including 5,000 metre auger drilling programme at the Gonsin Project and detailed aeromagnetic surveys and sampling over Gonsin, Galgouli South, Tagou and Moaga Permits. • Full geological team already assembled including in-country representation and supporting exploration management team. • Multiple drilling targets already identified within each of the Galgouli South, Gonsin, Keri, Moaga and Tagou Permits which collectively cover 1,076km2 and are characterised by: ─ major regional structures; ─ favourable Birimian Greenstone Belt host rocks; ─ areas of artisanal mining; ─ proximity to major gold deposits including Konkera (3.1M oz Au), Youga (1.1M oz Au), Kalsaka (0.6M oz Au), and; ─ high potential for the discovery of significant gold deposits with numerous ‘gold-in-soil’ anomalies and rock chip samples up to 65g/t Au. |