Gold Road Resources (ASX: GOR) says infill and extensional drilling results at its exciting Gilmour deposit in the Yamarna Greenstone Belt has demonstrated remarkable consistency and some exceptional high-grade intersections. They included 0.62m at 117.8 g/t Au, 1.8m at 29.7 g/t, 19m at 2.8 g/t and 8m at 6.2 g/t. The intersections ranged from across depths from 63m to 340m. Gold Road is fast-tracking work at Gilmour to report a maiden resource this year.
Infill and extensional drilling results from Gold Road Resources Limited’s (Gold Road or the Company) 100% owned Gilmour Deposit demonstrate remarkable internal consistency and extension to known high‐grade gold mineralisation. The new intersections[1] include:
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0.62 metres at 117.78 g/t Au from 340.55 metres (18WDDD0031)
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1.78 metres at 29.68 g/t Au from 290 metres including 0.96 metres at 54.59 g/t Au from 290.82 metres (18WDDD0026)
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19 metres at 2.78 g/t Au from 63 metres including 6 metres at 7.08 g/t Au from 76 metres (18WDRC0193)
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8 metres at 6.18 g/t Au from 143 metres including 2 metres at 22.27 g/t Au from 147 metres (18WDRC0210)
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3 metres at 13.99 g/t Au from 124 metres including 1 metre at 40.01 g/t Au from 124 metres (18WDRC0199)
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3 metres at 13.84 g/t Au from 180 metres including 1 metre at 38.23 g/t Au from 180 metres (18WDRC0192)[2]
These contiguous high‐grade results provide considerable scope for strike and down‐dip extensions to known mineralisation.
A diamond drilling programme designed specifically to test the Waters Fault[3] at the north end of the Deposit, returned high‐grade intersections associated with visible gold in quartz veining observed within the fault zone. Additional exploration potential exists in parallel mineralised structures (Figure 2).
Gold Road Executive Director ‐ Exploration & Growth Justin Osborne commented:
“This last round of infill and extensional drilling proved very successful in confirming the high‐grade nature of the mineralisation at Gilmour, with abundant free gold consistently intersected in both diamond and RC drilling. More importantly, the drilling demonstrated a highly predictable geometry to the main shear zone as well as indications of possible parallel structures which only adds to the upside of this exciting new discovery. Our 2019 drilling programmes will kick off in February with diamond and RC drilling targeting further extensions to the currently defined Gilmour footprint prior to commencing detailed drilling for resource assessment.”
[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 cut‐off and may include up to 2 or more metres of samples below that cut‐off. 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
[2] Refer ASX announcement dated 19 December 2019 – gold panned from RC chips (figure on highlights page)
[3] Renamed ‐ previously Gilmour‐Morello Fault
