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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Attila | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 1-5-2017: Gold Road Resources Ltd. announces a Resource Estimation report for its Attila deposit at the North Yamarna project. Mineral resource estimate for Attila Open Pit increased by 46%. Gold Road Resources Limited (Gold Road or the Company) is please | |
| Resources: | (Resource, Total): 6.57Mt @ 1.55g/t Au for 327300oz Au contained at Atilla | |
| CP/QP: | [Resources]: Justin Osborne, John Donaldson, Jane Levett (Internal) | |
| ABSTRACT: | Gold Road Resources Limited (Gold Road or the Company) is pleased to announce the completion of an update to the Attila Open Pit Mineral Resource estimate in accordance with the 2012 JORC Code. The updated Mineral Resource includes new information derived from the 2016 diamond and Reverse Circulation (RC) drilling programmes which contributed to the refinement of the geological understanding at Attila (Figures 2, 3, 5 and 6). Modifying factors used in reporting the Mineral Resource include lowering the cut-off grade in line with mining cost estimates derived from the Gruyere Feasibility Study (Gruyere FS4 ), and an increase in the gold price to reflect the change in gold price since the previous Mineral Resource was declared. Gold Road Executive Director - Exploration & Growth Justin Osborne said: “This update reflects the great work of the Gold Road exploration team in application of smart geology and efficient drilling to extend this historic resource. We have more than 14 kilometres of known mineralisation along the Attila-Alaric Trend of which we are developing a much more detailed understanding. Given the success at Attila, and further north at Alaric, we have a high level of confidence that other recognised zones along this Trend may offer similar upside exploration potential. It is an exciting time for the Joint Venture as these deposits have the potential to add significant value to the Gruyere Project. Additionally, we have identified more than 150 kilometres along this same Trend extending into our own 100% owned North Yamarna Project, and the South Yamarna Project (a joint venture with Sumitomo). Our 2017 exploration programmes will be aggressively testing this well-endowed Trend over the coming months.” | |
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