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Gold Road Resources Ltd.
Summary
| Project: | Yamarna | |
|---|---|---|
| Deposit: | Gilmour | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Gilmour deposit at the Yamarna project. Drilling results incl. 0.62m @ 117.78g/t Au from 340.55m. Infill and extensional drilling results from 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: | 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 intersections1 (Figures 1 and 2) include. 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 Fault3 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.” | |
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