Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) provides an update on recent greenfields exploration drilling campaigns (1) on the Corkwood and Wanderrie Camp Scale Targets on its 100% ownedNorth Yamarna tenements (Figure 1).
Highlights
- Targeted definition drilling continues to improve understanding of the geological framework on Ibanez, Santana and Satriani Prospects within both the Corkwood and Wanderrie Camps
- Aircore drilling confirms 11 kilometre strike on the Wanderrie Supergroup Trend
- Wanderrie mineralised intersections:
- Satriani RC 2 metres at 14.74 g/t Au from 73 metres (17WDRC0033) (2)
- SantanaRC1 metreat17.73g/tAufrom68metres(17TARC0028) and5 metres at 2.03 g/t Au from 108 metres (17TARC0025)
- Gilmour- Morello RC 3 metres at 2.03 g/t Au from 114 metres (17WDRC0040)
- Corkwood:
- IbanezDDH 5.59 metres at 0.98 g/tAu from 254.51 metres including 2.49 metres at 1.47 g/t Au from 254.51 (17CWDD0016)
- Ibanez RC 2 metres at 3.06 g/t Au from 54 metres (17CWRC0057)
Gold Road Executive Director ‐ Exploration & Growth Justin Osborne said:“Recent drilling has focussed on improving our understanding of our highest priority and most advanced targets at Santana and Satriani (Wanderrie Camp), and Ibanez(Corkwood Camp). All three Prospects continue to deliver encouraging results with each new drilling campaign which is the most pleasing aspect of our programmes. We are now positioned to start systematic framework drilling with the aim of defining the greater extents of the mineralised systems which will allow a fuller evaluation of each Prospect’s potential. Our aim will be to progress at least one of these
areas to advanced infill drilling in 2018.”
(1) ASX announcement dated 22 February 2017
(2) Refer Appendix 1 -Table 10 for individual grades > 10 g/t Au (all intersections
reported uncut)
Figure 1: North Yamarna tenements showing Corkwood and Wanderrie Camp Scale Targets (South Yamarna tenements excluded)
