Criteria

JORC Code Explanation

Explanation

Sampling

Techniques

 Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the

broad meaning of sampling.

 Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

 Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

 All of the sampling described in this

report refers to power auger drill samples.

 The hole was drilled to the top of weathered bedrock. The bottom of each hole was sampled as a 1m interval down the hole.

 Location of each hole was recorded by hand held GPS with positional accuracy of approximately +/- 5 metres. Location

data was collected in WGS 84, UTM zone

30N or 31N.

 All auger samples were submitted to BIGS Laboratory in Ouagadougou for preparation and gold analysis by 12 hour BLEG with a 1ppb detection limit.

Drilling

techniques

 Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,

auger, Bangka, sonic, etc) and details

(eg core diameter, triple or standard tube, depth of Diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).

 The drilling was carried out using a 4WD- mounted power auger rig.

Drill sample

recovery

 Method of recording and assessing core and chip sample recoveries and results assessed.

 Measures taken to maximise sample recovery and ensure representative nature of the samples.

 Whether a relationship exists between sample recovery and grade and

whether sample bias may have

occurred due to preferential loss/gain of fine/coarse material.

 Sample recovery is not assessed for auger drilling as it is a geochemical method.

 In general recoveries are good because the hole has to be cleared in order for the screw-type drill rods to advance downwards.

Logging

 Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource

estimation, mining studies and

metallurgical studies.

 None of these sample results will be used in for Mineral Resource estimation.

 The bottom metre of each auger hole was geologically logged in a qualitative

fashion.

Criteria

JORC Code Explanation

Explanation

 Whether logging is qualitative or quantitative in nature. Core (or costean,

channel, etc) photography.

 The total length and percentage of the relevant intersections logged.

Sub-sampling techniques and sample preparation

 If core, whether cut or sawn and whether quarter, half or all core taken.

 If non-core, whether riffled, tube sampled, rotary split, etc and whether

sampled wet or dry.

 For all sample types, the nature, quality and appropriateness of the sample preparation technique.

 Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

 Measures taken to ensure that the sampling is representative of the in situ material collected, including for

instance results for field

duplicate/second-half sampling.

 Whether sample sizes are appropriate to the grain size of the material being sampled.

 The entire sample is submitted for assay, so no sub-sampling is required and the sample is representative of what is in the hole.

 Samples were transported by road to

BIGS Laboratory in Ouagadougou.

 At the laboratory all samples were weighed, dried and crushed to -2mm in a jaw crusher. A split of the crushed sample was subsequently pulverised in a ping

mill to achieve a nominal particle size of

85% passing 75um.

 Field QC procedures involve the use of certified reference material as assay standards. The insertion rate of these averaged 1:30.

 The sample sizes are considered to be appropriate for this early stage of exploration and the commodity being targeted.

Quality of assay data and laboratory tests

 The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered

partial or total.

 For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

 Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

 The laboratory used a bulk leach extractable gold (BLEG) method for gold analysis.

 No geophysical tools were used to determine any element concentrations.

 Internal laboratory QAQC checks are reported by the laboratory.

Verification of sampling and assaying

 The verification of significant intersections by either independent or

alternative company personnel.

 The use of twinned holes.

 Documentation of primary data, data entry procedures, data verification, data

storage (physical and electronic)

protocols.

 Discuss any adjustment to assay data.

 Twin holes were not used to verify results.

 Sample data is compiled and digitally captured by Golden Rim geologists.

 The compiled digital data is verified and validated by the Company's database geologist.

 Reported results are compiled by the Company's Senior Geologist and the Managing Director.

 There were no adjustments to the assay data.

Criteria

JORC Code Explanation

Explanation

Location of data points

 Accuracy and quality of surveys used to locate drill holes (collar and down-

hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

 Specification of the grid system used.

 Quality and adequacy of topographic control.

 Collar locations were recorded by hand held GPS with positional accuracy of approximately +/- 5 metres. Location data was collected in WGS 84, UTM zone 30N or 31N.

 All holes were drilled vertically. Given the shallow reconnaissance nature of the holes, no downhole surveying was undertaken.

Data spacing and distribution

 Data spacing for reporting of

Exploration Results.

 Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

 Whether sample compositing has been applied.

 The drill holes are spaced 25m apart

along N-S orientated lines, either 100m or

200m apart.

 This type of drilling is not appropriate for the calculation of any Mineral Resource estimate.

 There was no sample composting.

Orientation of data in relation to geological structure

 Whether the orientation of sampling achieves unbiased sampling of

possible structures and the extent to

which this is known, considering the deposit type.

 If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

 The auger drill lines are orientated at approximately 90 degrees to the general strike direction.

Sample security

 The measures taken to ensure sample security.

 Samples are stored on site prior to road transport by Company personnel to the laboratory in Ouagadougou, Burkina Faso.

Audits or reviews

 The results of any audits or reviews of sampling techniques and data.

 There has been no external audit or review of the Company's techniques or data.

Criteria

JORC Code explanation

Explanation

Mineral tenement and land tenure status

 Type, reference name/number, location and ownership including agreements or

material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or

national park and environmental

settings.

 The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

 The auger drilling results are from the Korongou permit. Golden Rim is in an agreement to acquire 90% of the Project.

 Tenure is in good standing.

Criteria

JORC Code explanation

Explanation

Exploration done by other parties

 Acknowledgment and appraisal of exploration by other parties.

 The area that is presently covered by the Korongou permit has undergone some previous mineral exploration.

Geology

 Deposit type, geological setting and style of mineralisation.

 The Korongou Project covers part of a highly prospective Lower Proterozoic Birimian, Samira Hill Greenstone belt and is traversed by a significant NE- trending fault splay which is

connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, including Kiaka (5.9

Moz), Bomboré (5.2 Moz) and

Essakan (6.2 Moz).

 The mineralisation lies in a package of highly altered volcanic and volcaniclastic host rocks and is associated with a major gold-in-soil anomaly and a prominent dilational structural jog along a regional NE- trending shear zone.

Drill hole

Information

 A summary of all information material to the understanding of the exploration

results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill

hole collar

o dip and azimuth of the hole

o down hole length and interception

depth

o hole length.

 If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

 Auger drilling is a reconnaissance exploration technique. Typically the last meter of each auger hole represents in situ material. As such, results are presented as end of hole point samples for each auger hole.

 Drill hole intersections are not reported in this announcement. Tabulation of drill hole data is not considered material to understanding of the reported results.

 Appropriate locality maps for some of the holes accompany this announcement.

Data aggregation methods

 In reporting Exploration Results, weighting averaging techniques,

maximum and/or minimum grade

truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

 Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

 The assumptions used for any

 Drill hole intersections are not reported in this announcement.

 Metal equivalent values are not reported in this announcement.

Criteria

JORC Code explanation

Explanation

reporting of metal equivalent values

should be clearly stated.

Relationship between mineralisation widths and intercept lengths

 These relationships are particularly important in the reporting of Exploration Results.

 If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

 If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg

'down hole length, true width not

known').

 The reported results are from early stage reconnaissance exploration; as such the orientation of geological structure is uncertain.

 Drill hole intersections are not reported in this announcement.

 Results are presented graphically as point samples in the attached maps and plans.

Diagrams

 Appropriate maps and sections (with scales) and tabulations of intercepts

should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and

appropriate sectional views.

 Maps are provided in the main text.

Balanced reporting

 Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low

and high grades and/or widths should

be practiced to avoid misleading reporting of Exploration Results.

 Results are presented graphically as point samples in the attached maps and plans.

Other substantive exploration data

 Other exploration data, if meaningful and material, should be reported

including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results;

bulk density, groundwater, geotechnical

and rock characteristics; potential deleterious or contaminating substances.

 Other previously reported exploration data (including geological mapping, rock chip sampling and RC drill collars) has been included in the attached plans.

Further work

 The nature and scale of planned further work (eg tests for lateral extensions or

depth extensions or large-scale step- out drilling).

 Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

 Further auger drilling is planned to follow up the results reported in this announcement.

 Promising results will then be followed up (where practical) with trenching

and RC drilling.