Gold Road Resources (ASX: GOR) has confirmed the continuity of high-grade gold mineralisation at the Gilmour deposit after recording intercepts including 4m at 19.61g/t, 8.14m at 7.11g/t and 3m at 12.77g/t. The results confirm Gilmour as one of Gold Road’s most exciting new discoveries across the Yamarna Belt. Resource modelling could begin as early as next year. Gilmour, 100% owned by Gold Road, is south-west of the world-class Gruyere gold mine development (Gold Road 50%).
Results from framework exploration drilling within Gold Road Resources Limited’s (Gold Road or the Company) 100% owned Southern Projects has confirmed continuity of highgrade gold mineralisation at the Gilmour Deposit (Figures 1 and 2). Recent intersections[1] include:
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4 metres at 19.61 g/t Au from 111 metres including 1 metre at 74.98 g/t Au from 113 metres (18WDRC0183)
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8.14 metres at 7.11 g/t Au from 261 metres including 1.23 metres at 31.98 g/t Au from 267.91 metres (18WDDD0024)
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3 metres at 12.77 g/t Au from 170 metres including 2 metres at 18.98 g/t Au from 170 metres (18WDRC0178)
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5 metres at 5.12 g/t Au from 219 metres including 1 metre at 24.06 g/t Au from 221 metres (18WDRC0179)
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Resource definition drilling is underway over a 500 metre strike length
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Mineralisation intersected over 250 metres below surface and is open at depth
The main mineralised shear zone is approximately three to five metres wide and is characterised by coarse visible gold within a highly continuous laminated quartz vein, with moderate alteration and lesser subsidiary goldbearing veins.
A positive conceptual economic assessment has been completed based on a preliminary geological model derived from the current broad drilling information. The encouraging results to date justified an ongoing followup extensional diamond and infill Reverse Circulation (RC) drilling programme which will be completed during the December 2018 quarter.
Gold Road Executive Director Exploration & Growth Justin Osborne commented:
“The Gilmour Deposit is shaping up to be a very interesting discovery on our 100% owned ground, exhibiting excellent continuity of mineralisation characterised by a consistent and predictable goldbearing quartz vein in most intersections. A diligent focus on understanding both the geological controls to mineralisation, and the potential economic value of the discovery has allowed the team to rapidly advance the project to detailed drilling capable of supporting potential future resource modelling activities. The widths, grades, and extent of mineralisation identified to date provide the encouragement to progress Gilmour as one of the priority projects going into 2019.”
[1] Diamond and RC intersections are selected geologically using assay and logging information in conjunction with the interpreted continuity. Generally, this equates to a 0.2 to 0.5 g/t Au cutoff and may include up to 2 or more metres of samples below that cutoff. As a result, intersections will differ slightly from previous announcements. Refer Tables in Appendices for individual grades >10 g/t Au. All intersections reported uncut.
