viewGold Road Resources Ltd

Gold Road Resources confirms gold mineralisation with further high-grade intersections at Yamarna and Gruyere

The results have added impetus to the strategy of discovering standalone economic deposits or groups of deposits.

aerial shot of mine site in construction
Gruyere is scheduled to deliver first gold at the beginning of Q2 2019

Gold Road Resources Ltd (ASX:GOR) has received positive assay results from ongoing exploration at its 100%-owned Yamarna project and 50%-owned Gruyere joint venture in Western Australia.

Additional high-grade gold mineralisation was intersected at Yamarna’s Smokebush and Wanderrie camps while new gold anomalies were defined at Tamerlane.

Pre-feasibility infill drilling at the Gruyere JV has confirmed continuity of mineralisation, with high grades and potential extensions.

Extensive mineralisation at Yamarna

At Yamarna diamond and reverse circulation drilling has added strike length to the already more than 1.3 kilometres of mineralisation hosted in differentiated dolerite at Smokebush.

Best intercepts include: 0.51 metres at 22.49 g/t gold from 157.5 metres internal to 2.74 metres at 4.40 g/t from 156.61 metres at a 0.1 g/t cut-off; and 2 metres at 4.71 g/t from 61 metres.

The existence of high-grade mineralised shear zones was confirmed at the Wanderrie camp, with intersections including 10.53 metres at 4.19 g/t from 165 metres; and 7 metres at 2.24 g/t from 152 metres.

Aircore drilling at Tamerlane identified 8 kilometres of shear related gold anomalies ready for bedrock testing.

READ: Gold Road Resources targeting multi million ounce gold deposits adjacent to Gruyere

Gold Road executive director exploration and growth Justin Osborne said the company was making good progress with its strategy to test defined bedrock mineralisation in anticipation of resource-definition drilling next year.

Osborne said: “Of the targets tested so far this year we are particularly encouraged by the continuity and consistent high-grade mineralisation emerging from Smokebush as well as the results at nearby Wanderrie.

“Assay results from recently completed diamond drilling at our high priority Ibanez target in Northern Yamarna are expected in coming weeks along with assays from several other exciting targets in Southern Yamarna.”

Drilling at Gruyere consistent with mineral resource

Definition drilling has been completed at the Montagne prospect at the Gruyere JV, comprising 32 drill holes for a total of 3,120 metres.

Returned assays confirm location, thickness and tenor of mineralisation consistent with the current 2018 mineral resource.

One hole returned the highly significant intersection of 4 metres at 51.29 g/t, including 1 metre at 202.84 g/t from 9 metres downhole.

Quick facts: Gold Road Resources Ltd

Price: 1.3125 AUD

Market: ASX
Market Cap: $1.15 billion

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