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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Attila | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-11-2016: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Attila deposit at the North Yamarna project. Drilling results incl. 9m @ 4.3g/t Au from 130m. Gold Road Resources Limited (Gold Road or the Company) is pleased to | |
| Resources: | (Reserve, P+P): 81.1Mt @ 1.22g/t Au for 3.17Moz Au contained at Gruyere | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Gold Road Resources Limited (Gold Road or the Company) is pleased to announce completion of infill and extensional drilling at the Attila Deposit, approximately 27 kilometres south-west of the 6.2 million ounce Gruyere Gold Project in Western Australia. This programme, which is part of a larger effort targeting high-margin gold deposits to supplement ore feed from the planned Gruyere Open Pit, has confirmed significant extensions to mineralisation outside the existing 220,000 ounce Attila open pit Mineral Resource. Twenty Reverse Circulation (RC) and nine diamond (DDH) holes successfully infilled and extended continuous structurally controlled gold mineralisation over more than 1.5 kilometres of strike. Potentially economic mineralisation has been identified on the Main Shear, as well as Hangingwall and Footwall Structures, below and to the north of the 2015 open pit Mineral Resource, which is constrained within a A$1,600/oz pit shell. The resource shell is limited in part by depth of historic drilling which rarely extended more than 90 metres below surface. A recently completed deep diamond hole has intersected mineralisation 240 metres below surface, demonstrating the significant potential to extend mineralisation along the entire length of the resource of almost two kilometres strike. Ongoing Geological interpretation is aiming to refine high-grade mineralisation controls within multiple parallel ore zones, and to improve modelling of the intersection zone between the Main and Footwall structures, where mineralisation increases to widths in excess of 80 metres at lower-grades. An update to the Attila Mineral Resource is planned for first half of 2017. The Company will then commence Pre-Feasibility Studies to determine appropriate approach to exploiting the deposit. | |
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