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Golden Rim Resources Ltd (ASX: GMR) discovers more oxide gold in Kada exploration drilling

Golden Rim Resources Ltd (ASX: GMR) is pleased to announce latest gold assay results for 12 reverse circulation (RC) drilling holes (totalling 1,716m) from exploration drilling at the Kada Gold Project (Kada) in Guinea has discovered new oxide gold zones located up to 1.2km north and 400m south of the MRE area along the Kada Gold Corridor.

Following the announcement, shares in Golden Rim Resources Ltd rose 1.90% to $0.11/share.

When a mining company announces a new resource discovery it’s exciting times for shareholders.

A lot of capital goes into exploration and when a new deposit is found there’s usually a share price boost.

Discovery is the reward stage for investors, particularly of junior mining stocks, searching for undiscovered deposits of natural resources.

When discussing new resource discoveries it’s beneficial to know the difference between greenfield and brown exploration.

Greenfield exploration is looking for mineral deposits in areas that have not been explored.

In brownfield exploration deposits are being sought near or next to an already existing mine.

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