Extensional diamond drilling results from around the Gruyere Gold Mine in the Central Project Area included:
- 149.6 metres at 1.46 g/t gold from 437.4 metres;
- 91.2 metres at 1.47 g/t gold from 275.7 metres;
- 41.4 metres at 2.52 g/t gold from 372.3 metres; and
- 159.5 metres at 1.25 g/t gold from 418.9 metres.
Positively, the results enable the potential conversion of Inferred to Indicated Mineral Resource below the current Ore Reserve pit design.
In the Southern Project Area, highlights include 13 metres at 1.98 g/t gold from 56 metres and 18 metres at 1.33 g/t gold from 18 metres from the Warbler Prospect.
Further drilling along this newly identified trend, which hosts the Warbler and Yaffler South prospects is planned for the first quarter of 2020.
Regional exploration within the Yamarna Project continues to suggest that the Southern Project Area could host additional gold deposits.
JORC resource updated expected early 2020
Gold Road’s executive director of discovery & growth Justin Osborne said: “We are pleased to have finished the 2019 exploration program.
“We are confident the excellent results from the Gruyere extensional drilling will have a positive impact on the next Mineral Resource update anticipated in early 2020.
“We are in the process of reviewing the results from our ongoing Yamarna exploration which confirmed gold mineralisation in multiple locations.
2020 exploration to focus on Southern Project Area
“The work completed this year confirmed our belief in the Southern Project Area as having the greatest prospectivity.
“We anticipate the majority of the 2020 exploration budget will be focussed on this area with drilling scheduled to commence in January on our re-ranked high priority targets.”