logo
powered-by-canningspurple
Navigation
logo powered-by-canningspurple
  • Insight
  • Companies
    • Artemis Resources
    • BLK Auto
    • BMG Resources
    • ChemX Materials
    • Core Lithium
    • Dreadnought
    • FBR
    • Finbar
    • Focus Minerals
    • Gold Road Resources
    • Hastings Technology Metals
    • Hyzon Motors
    • Jupiter Mines
    • Lykos Metals
    • Mineral Resources
    • Northern Minerals
    • Northern Star
    • NRW Holdings
    • Paydirt
    • Rand Mining
    • Raven SR
    • Rox Resources
    • St George Mining
    • Sundance Resources
    • Tribune Mining
    • Vimy Resources
    • VRX Silica
  • Industries
    • Broking Firm
    • Clean energy
    • Copper
    • Gold
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Zinc
  • Video
  • About
  • Contact
  • Subscribe

Home / Gold / Gold Road – Thick High-Grade Mineralisation Intersected at Yam14

Gold Road Resources

  • ASX: GOR
    • Au

Gold Road – Thick High-Grade Mineralisation Intersected at Yam14

  • 15 May

Well‐funded mid-tier gold development and exploration company, Gold Road Resources has intersected significant mineralisation in YAM14 RC drilling including 64m at 3.73 g/t Au from 79 metres, including 28 metres at 6.50 g/t Au from 79m, with 18m at 9.78 g/t Au from 87m or 8m at 19.16 g/t Au from 90 metres. YAM14 is located eight kilometres south of the Gruyere Mill, currently under construction, and has potential to improve Gruyere economics as an additional source of mill feed. Further drilling is planned in late May, with a Maiden Resource evaluation likely in second half of 2017.


HIGHLIGHTS

  • Significant mineralisation intersected in YAM14 RC drilling including:
  • 64 metres at 3.73 g/t Au from 79 metres, including 28 metres at 6.50 g/t Au from 79 metres, with 18 metres at 9.78 g/t Au from 87 metres, or 8 metres at 19.16 g/t Au from 90 metres (16DHRC0060)
  • 39 metres at 1.52 g/t Au from 119 metres, including 13 metres at 2.24 g/t Au from 119 metres, with 7 metres at 3.55 g/t Au from 123 metres (16DHRC0061)
  • 22 metres at 1.81 g/t Au from 57 metres, including 14 metres at 2.63 g/t Au from 57 metres (16DHRC0059)
  • YAM14 is located eight kilometres south of the Gruyere Mill currently under construction
  •  Potential to improve Gruyere economics as additional source of mill feed
  • Strike length extended to one kilometre and open to north and down dip
  • Further infill and extensional drilling planned to commence in late May
  • Maiden Resource evaluation planned for second half 2017

Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) is pleased to announce the results of Reverse Circulation (RC) drilling designed to test the source of high‐grade mineralisation intersected in aircore drilling reported in January 2017(1) . The YAM14 Prospect is located on the Gruyere Joint Venture (Gruyere JV or Joint Venture) tenements, a 50:50 Joint Venture with Gold Fields Limited (Gold Fields), and situated approximately eight kilometres south of the Gruyere Gold Project (Figure 1). The new results highlight the great potential to improve the economics and mine life of the Gruyere Gold Project through the addition of higher grade satellite mill feed.

Gold Road Executive Director ‐ Exploration & Growth Justin Osborne said: “These results confirm a significant zone of mineralisation at the YAM14 Prospect, with one of the best RC drill intersections we have ever had at Yamarna. Following this drilling we now have over one kilometre of gold mineralisation at shallow depths in very close trucking distance to the Gruyere Mill site. We are now planning both infill and extensional drilling targeting the depth and strike extents which remain open, and to provide resource level drill densities. This is a very exciting set of drill results which potentially offers great upside to the Gruyere Joint Venture Project, and a better understanding of what to look for in our target areas on the Dorothy Hills Shear Zone to the south on our 100% North Yamarna tenements.”

Drilling Programme, Geology and Intersection Details

The 1,020 metre six hole RC programme was designed to test and extend existing significant aircore results(2) located approximately 500 metres north (section 6,895,800, Figure 2) of the known 500 metre long mineralised zone defined by RC and diamond drilling(3) at YAM14. Results from the new drilling has successfully extended the strike length to over one kilometre of shallow gold mineralisation which remains open to the north and down dip.

The existing geological interpretation has been confirmed by this latest drilling programme, with mineralisation occurring in the immediate hanging wall of a sheared rhyolitic tuff (see Table 1, Appendix 2 for more detailed geological interpretation commentary). Logging of the RC chips confirms elevated gold grades associated with shearing, increased quartz veining and albite‐chlorite‐pyrite‐arsenopyrite alteration. The stratigraphic units and mineralised units were intersected deeper than initially interpreted resulting in several holes ending in mineralisation (Figure 2). These holes will be re‐entered with planned diamond drilling to determine the full width of the mineralised package. Best intercepts are illustrated below in Table 1 and Figure 2.

High‐grade mineralisation is intimately associated with the most intense zone of shearing and alteration, with thickening associated with a major jog in the shear zone resulting in a potential significant shoot (Figure 2). A shallow northerly plunge to this high‐grade shoot (Figure 3) is interpreted based on relationships observed in diamond drilling to the south, and an interpreted strong reverse‐sinistral control to mineralisation intersected on section 6,895,800. Diamond drilling has been planned to define the detailed structural controls on both localised high‐grade zones and the larger scale shoot development, and additional RC drilling will test the northern and southern extensions to the interpreted plunge.

Future Work

Further RC and diamond drilling is planned this quarter to extend and infill the mineralisation, and to define the plunge orientation of interpreted high‐grade shoots. The results from this program will add to the existing drilling to allow evaluation of a Maiden Mineral Resource planned for completion in the second half of 2017. Drilling at depth and along strike into the Toto area to the north of YAM14 (between YAM14 and Gruyere) will be evaluated once a better understanding of the mineralisation controls and economics have been developed, and new geophysical analysis is completed by Gold Fields, whose technical expertise the Company now has access to under the Gruyere Joint Venture.

(1)  ASX announcement dated 17 January 2017
(2)  ASX announcement dated 17 January 2017
(3)  ASX announcement dated 10 October 2016 

View full announcement

Peter Klinger

  • Contact

Share

  • LinkedIn
  • Twitter
  • Facebook

Most Read

  • 1 November

Nickel, cobalt anomalies at Sockovac; large new gold, copper anomalies at Sinjakovo

  • ASX:LYK
    • Ni
    • Cu
  • 28 September

Core Lithium – Primero Group Awarded EPC Contract for Finniss DMS Plant

  • ASX: CXO
    • Li
    • Clean energy
  • Insight
  • 26 June

Picking winners – the portfolio approach that offers blue-sky potential

  • ASX: ARV
    • Clean energy
    • Cu

Related

  • 29 June

Robert Ryan joins Rox board

  • ASX: RXL
    • Au
    • Broking Firm
  • 29 June

BMG Resources diamond drilling commences at Abercromby, AC results pending

  • ASX: BMG
    • Au
  • 28 June

Northern Star provides KCGM mill optimisation PFS update

  • ASX: NST
    • Au
  • 24 June

Gold Road to proceed with compulsory acquisition of DGO Gold

  • ASX: GOR
    • Au

NEWSLETTER

Get news, as it happens

Sign up to receive our weekly roundup, and releases of interest, as they happen.

  • This field is for validation purposes and should be left unchanged.
logo

Investor Insight, powered by Cannings Purple, delivers the stories that matter to the people who matter – across your preferred communications platform.

From breaking news to analysis, opportunities and thought leadership, Investor Insight is your window into some of Australia’s most exciting listed and non-listed companies.

  • Insight
  • Companies
    • Aeris Resources
    • Altrad
    • Argonaut
    • Artemis Resources
    • BLK Auto
    • BMG Resources
    • Buru Energy
    • Catalyst Metals
    • ChemX Materials
    • Core Lithium
    • DDH1 Drilling
    • Dreadnought
    • FBR
    • Finbar
    • Focus Minerals
    • Gold Road Resources
    • Hastings Technology Metals
    • Hyzon Motors
    • Jupiter Mines
    • Lykos Metals
    • Mineral Resources
    • Northern Minerals
    • Northern Star
    • NRW Holdings
    • Paydirt
    • Rand Mining
    • Raven SR
    • Rox Resources
    • St George Mining
    • Sundance Resources
    • Torrens Mining
    • Tribune Mining
    • Vimy Resources
    • VRX Silica
    • Westgold Resources
    • Zenith Minerals
  • Industries
    • Broking Firm
    • Clean energy
    • Copper
    • Gold
    • Insight
    • Iron ore
    • Lithium
    • Manganese
    • Mining Services
    • Nickel
    • Oil & Gas
    • Property
    • Rare Earths
    • Silica Sand
    • Technology
    • Uranium
    • Zinc
  • Video
powered-by-canningspurple
  • About
  • Contact
  • Subscribe
  • Cannings Purple
  • Privacy Policy
  • Disclaimer

Copyright 2022 Cannings Purple