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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Gruyere - Alaric | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 24-7-2017: Gold Road Resources Ltd. announces a Resource Estimation report for its Gruyere - Alaric deposit at the North Yamarna project. Mineral resource estimate at Alaric doubled. Gold Road Resources Limited (Gold Road or the Company) is plea | |
| Resources: | (Resource, Total): 1.97Mt @ 1.51g/t Au for 93,500oz Au contained at Alaric | |
| 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 the updated Alaric Open Pit Mineral Resource (2017 Mineral Resource) estimate in compliance with the 2012 JORC Code. The Alaric Deposit is located on the Gruyere Joint Venture (Gruyere JV or Joint Venture) tenements, a 50:50 Joint Venture with Gold Fields Limited (Gold Fields), and situated approximately 25 kilometres west of the Gruyere Gold Project (Figure 1). Gold Road Executive Director ‐ Exploration & Growth Justin Osborne said: “The increased Alaric Mineral Resource represents another step forward in our understanding and delineation of the deposits along the 14 kilometre mineralised AttilaAlaric Trend. Since we announced the Gruyere JV in late 2016 we have increased the combined Mineral Resource of Attila and Alaric by 150,400 ounces. Building on our knowledge gained from rigorous interrogation of the Alaric and Attila deposits we can now apply this improved understanding to our exploration programme to build additional resources along the entirety of this prospective and well-endowed trend. This includes extending our exploration efforts and methods along this system onto our 100% tenement holding on the North Yamarna Project, where we believe the same lithologies and structures extend all the way to our Pacific Dunes‐Corkwood Camp Target over 50 kilometres to the north.” | |
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