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Gold Road Resources Ltd.
Summary
| Project: | Gruyere JV | |
|---|---|---|
| Deposit: | Gruyere | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-9-2019: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Gruyere deposit at the Gruyere JV project. Drilling results incl. 73.4m @ 1.80g/t Au from 288.6m. Mid‐tier gold producer and exploration company Gold Road R | |
| Resources: | ||
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Mid‐tier gold producer and exploration company Gold Road Resources Limited (Gold Road) reports positive diamond and reverse circulation (RC) assay results (Figure 1 and Table 1) from recent exploration programmes. Gold Road Executive Director ‐ Exploration & Growth Justin Osborne commented: “The high‐grade results from Yaffler South demonstrate the benefit of good geological work and persistence. This prospect was first identified in 2016 during the previous South Yamarna Joint Venture and it is only recently that we have had opportunity to complete targeted bedrock drilling based on sound geological re‐interpretation and funding availability. The high‐grade shear zone and favourable dolerite geology are very encouraging first‐pass indicators supporting immediate follow‐up programmes. These results confirm the Southern Project Area as the area of greatest prospectivity and will remain our priority exploration project. Drilling at Gruyere has intersected the expected mineralisation below the current Reserve pit shell providing confidence that the Gruyere JV will be able to extend the current Indicated Resource. We look forward to the assay results from the remaining 14 holes of this programme in support of an update to the Mineral Resource estimate scheduled for 2020. Improved resource confidence will allow future assessment of mining options and potential optimisation of the mine plan at Gruyere to benefit both JV partners.” | |
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