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Gold Road Resources Ltd.
Summary
| Project: | Yamarna | |
|---|---|---|
| Deposit: | Gilmour | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2018: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Gilmour deposit at the Yamarna project. Drilling results incl. 4m @ 19.61g/t Au from 111m. Results from framework exploration drilling within Gold Road Resources | |
| Resources: | (Resource, Total): 143.46Mt @ 1.27g/t Au for 5.88Moz Au contained at Gruyere | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Results from framework exploration drilling within Gold Road Resources Limited’s (Gold Road or the Company) 100% owned Southern Projects has confirmed continuity of high¬grade gold mineralisation at the Gilmour Deposit (Figures 1 and 2). Recent intersections1 include: The main mineralised shear zone is approximately three to five metres wide and is characterised by coarse visible gold within a highly continuous laminated quartz vein, with moderate alteration and lesser subsidiary gold¬bearing veins. A positive conceptual economic assessment has been completed based on a preliminary geological model derived from the current broad drilling information. The encouraging results to date justified an ongoing follow¬up extensional diamond and infill Reverse Circulation (RC) drilling programme which will be completed during the December 2018 quarter. Gold Road Executive Director ¬ Exploration & Growth Justin Osborne commented: “The Gilmour Deposit is shaping up to be a very interesting discovery on our 100% owned ground, exhibiting excellent continuity of mineralisation characterised by a consistent and predictable gold¬bearing quartz vein in most intersections. A diligent focus on understanding both the geological controls to mineralisation, and the potential economic value of the discovery has allowed the team to rapidly advance the project to detailed drilling capable of supporting potential future resource modelling activities. The widths, grades, and extent of mineralisation identified to date provide the encouragement to progress Gilmour as one of the priority projects going into 2019.” | |
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