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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Gruyere | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2016: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Gruyere deposit at the North Yamarna project. Drilling results incl. 172.39m @ 1.27g/t Au from 652m. Gold Road Resources Limited (Gold Road or the Company) | |
| Resources: | (Reserve, P+P): 81.1Mt @ 1.22g/t Au for 3.17Moz Au contained at Gruyere | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Gold Road Resources Limited (Gold Road or the Company) is pleased to announce the results of a deep diamond drill hole and up‐dip wedge which successfully tested the extension of the southerly plunging internal high‐grade zone, confirming the interpreted trend. The high‐grade zone in this sense refers to a coherent zone of mineralisation approximately 25 to 30% higher grade than the Gruyere Resource average grade. The parent hole, 16GY0330, intersected 87.57 metres at 1.66 g/t Au from 736.82 metres within a mineralised porphyry intersection of 172.39 metres at 1.27 g/t Au from 652 metres. The wedge, 16GY0330‐W1, drilled up‐dip of the parent hole, intersected 85 metres at 1.53 g/t Au from 699 metres within a mineralised porphyry intersection of 146 metres at 1.38 g/t Au from 638 metres (Figure 1). The results confirm the southerly plunge of the higher grade mineralisation within the Gruyere Deposit. Holes 16GY0330 and 16GY0330‐W1 intersect the deposit at a similar vertical depth to a previous hole 15GY0107 (123 metres at 1.79 g/t Au from 659 metres1 ) and have extended the strike of the high‐grade zone by 175 metres to the south. Grade and width is consistent with expectation of this coherent high‐grade shoot which is internal to the main Gruyere Porphyry. | |
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