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Gold Road Resources has best intersection yet at Gruyere

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Gold Road Resources’ (ASX: GOR) diamond drilling at the Gruyere Prospect in Western Australia has confirmed higher grade gold mineralisation with a best intersection of 38.8 metres at 2.13 grams per tonne gold from 149.4 metres.

It also confirmed the higher grade mineralisation trend and stacked lode structures along the eastern portion of the Gruyere Tonalite.

Meanwhile, deepening of an existing hole has extended mineralisation by 100 metres to 600 metres vertically below surface and confirmed interpreted structural shoot controls.

A drilling program has been designed to provide consistent 100 metre section spacing along the 1,800 metres strike, with drill holes at 40 to 80 metres on section drilled to a maximum depth of approximately 350 metres below surface.

Additional deep diamond holes have also been planned to test the depth continuity of interpreted higher‐grade shoots below 500 metres.

Gold Road is planning to complete the drilling in the June 2014 quarter; receive assays early in the September 2014 quarter and aims to have the maiden Mineral Resource estimate finalised for release during the same quarter.

 

Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Price: 1.16 AUD

ASX:GOR
Market: ASX
Market Cap: $1.02 billion
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