GMR 0.00% 1.6¢ golden rim resources ltd

placement

  1. 326 Posts.
    Company has just done a quick placement for $900K
    so it can swing a drill rig into a new target area that have returned some amazing surface samples. Very limited past work done by previous owners (like 1 hole which was a hit plus some surface exploration work)who lost interest after they hit the jackpot in Nickel back in Australia (this is Fiji).

    GMR will drill targets early 2008.

    Banana Creek Fiji

    Previous drill intercept 0.4m @ 23.4 g/t (only a few holes were drilled by previous owners and no follow up despite this initial encouraging result).

    Take a gander at these

    GMR's new work"

    1km x 0.4km gold-in-soil anomaly

    Rock chip samples up to 72.4 g/t

    Trench 2m @ 18.9 g/t

    Soil Samples grading up to 17.3 g/t

    With a low market cap, this is a most attractive little company (chaired by Rick Crabb of Paladin).
 
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