Gold Road Resources (ASX: GOR) has received positive assay results from the ongoing 2018 exploration campaigns at its wholly-owned Yamarna Project and its 50 per cent-owned Gruyere Joint Venture. Additional high-grade gold mineralisation has been intersected at both the Smokebush and Wanderrie Camps, and new gold anomalies have been defined at Tamerlane. Infill drilling as part of Pre-Feasibility Studies on the Gruyere JV supports existing resource models.
Yamarna Project (100% Gold Road) Highlights
- Drilling results from the Smokebush, Wanderrie and Tamerlane areas (Figure 1 and Table 1) have added impetus to the Gold Road strategy of discovering stand-alone economic deposits or groups of deposits at Yamarna.
- Smokebush – Diamond and RC drilling adds strike length to the >1.3 kilometres of high-grade gold mineralisation hosted in a differentiated dolerite, with new intersections including:
- 0.51 metres at 22.49 g/t Au from 157.50 metres (18SMDD0006)[1] internal to 2.74 metres at 4.40 g/t Au from 156.61 metres at 0.1 g/t Au cut-off
- 2 metres at 4.71 g/t Au from 61 metres (18SMRC0006)
- Wanderrie – Diamond drilling confirms the existence of high-grade mineralised shear zones at the Gilmour-Morello Prospect at the south end of the 14 kilometre long Supergroup Trend. Best intersections include:
- 10.53 metres at 4.19 g/t Au from 165 metres and 7 metres at 2.24 g/t Au from 152 metres (18WDDD0021)
- Tamerlane – Aircore drilling identifies eight kilometres of shear related gold anomalies ready for bedrock testing, between Wanderrie and the Golden Highway at Tamerlane.
Gruyere Joint Venture (50% Gold Road) Highlights
- Golden Highway – Pre-feasibility RC infill drilling on the Montagne Deposit confirms continuity of mineralisation, and identifies high-grade mineralisation and potential extensions, with best intersections including:
- 4 metres at 51.29 g/t Au from 9 metres (18ALRC0266) including 1 metre at 202.84 g/t Au from 9 metres
- 19 metres at 5.16 g/t Au from 34 metres (18ALRC0252) including 1 metre at 60.83 g/t Au from 37 metres and 1 metre at 19.88 g/t Au from 44 metres
Well-funded mid-tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) reports receipt of positive assay results from the ongoing 2018 exploration campaigns on the 100% Gold Road Yamarna Project and the 50% Gruyere Joint Venture (Gruyere JV). Additional high-grade gold mineralisation has been intersected at both the Smokebush and Wanderrie Camps, and new gold anomalies have been defined at Tamerlane. Infill drilling as part of Pre-Feasibility Studies on the Gruyere JV supports existing resource models as well as identifying potential for higher grade zones in the Montagne Deposit.
Gold Road Executive Director – Exploration & Growth Justin Osborne commented: “As we approach the half way mark of our 2018 exploration programme we continue to make good progress with our strategy to test defined bedrock mineralisation in anticipation of resource definition drilling in 2019. Of the targets tested so far this year we are particularly encouraged by the continuity and consistent high-grade mineralisation emerging from Smokebush as well as the results at nearby Wanderrie. Assay results from recently completed diamond drilling at our high priority Ibanez target in Northern Yamarna are expected in coming weeks along with assays from several other exciting targets in Southern Yamarna.”
[1] Diamond and RC intersections reported at 0.5 g/t cut-off including up to 2 metres of samples below that cut-off, aircore intersections reported at 0.1 g/t cut-off including up to 4 metres of samples below that cut-off, unless otherwise stated. Refer Tables in Appendices for individual grades >10 g/t Au. All intersections reported uncut.