Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) provides an update on recent activities completed on the South Yamarna Joint Venture tenements (South Yamarna JV) a 50:50 joint venture with Sumitomo Metal Mining Oceania Pty Ltd (Sumitomo) (Figure 1).
Highlights
Drilling at Yaffler South (Breelya‐Toppin Hill Camp) extended the strike length of the anomaly to 1.4 kilometres, best bedrock intersections1 include:
- 2 metres at 4.34 g/t Au from 142 metres (17SYRC0113)
- 15 metres at 0.68 g/t Au from 40 metres, including 1 metre at 5.84 g/t Au from 49 metres (17SYRC0111)
At Kingston North (Spearwood Camp), new anomalies have been delineated, best intersections include:
- 12 metres at 0.38 g/t Au from 72 metres, including 4 metres at 1.00 g/t Au from 80 metres (17SYAC0961)
A total of 12 Reverse Circulation (RC) and 103 aircore drill holes, for a combined total of 9,228 metres, have been completed over the Breelya-Toppin Hill, Spearwood and Kurrajong Camp Scale Targets.The programmes aimed to follow up aircore anomalism, further infill aircore drill spacing, and to test the depth to bedrock in some areas of the tenement package.
Gold Road Executive Director ‐ Exploration & Growth Justin Osborne said: “Our exploration efforts at South Yamarna continue to focus on selective testing of our priority targets.The bedrock mineralisation intersected at Yaffler South, in the Breelya‐ Toppin Hill Camp, is of particular interest, with two significant parallel shear zones delineated at both contacts of a sedimentary unit which we believe can be identified in magnetics. The strike length of 1.4 kilometres of mineralisation so far identified provides us with considerable scope for follow‐up drilling which will be planned for 2018, and adds to our growing portfolio of advanced drilling targets on this joint venture project”.
