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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Gruyere - Alaric | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-9-2017: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Gruyere - Alaric deposit at the North Yamarna project. Gruyere JV - Drilling results incl. 40m @ 2.51g/t Au from 417m. Well‐funded mid‐tier gold development an | |
| Resources: | (Reserve, P+P): 76.70Mt @ 1.22g/t Au for 3.00Moz Au contained at Gruyere | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) is pleased to announce bedrock drilling results from the Gruyere Joint Venture (Gruyere JV) (Figure 1). The ongoing programme is focussed on discovering and defining high margin mining projects within an approximate 25 kilometre radius of the Gruyere Mill and Open Pit Mine now in construction (Figure 2). These latest results are particularly encouraging as the widths and grade of gold mineralisation may be a source of higher grade ore feed to supplement the Gruyere mine as outlined in the Gruyere Feasibility Study2 . The exploration program is managed by Gold Road as part of its significant Greenfields exploration drilling campaign on the Yamarna and Dorothy Hills Greenstone Belts. The Gruyere JV tenements (~144 km2 ) are a 50:50 joint venture with Gold Fields Limited (Gold Fields), the North Yamarna Project (~2,500 km2 plus ~ 650 km2 under application) is 100% Gold Road, and the South Yamarna Joint Venture (~2,400 km2 ) is a 50:50 joint venture with Sumitomo Metal Mining Oceania Pty Ltd (Figure 1). Gold Road Executive Director ‐ Exploration & Growth Justin Osborne said: “Taking projects to advanced stages within the Gruyere JV tenements substantiates our exploration strategy of targeting high margin mill feed which will add value and mine life to the Gruyere Gold Project. These results provide a solid foundation of resource development and bolster our exploration efforts on the joint venture ground.” | |
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