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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | Ibanez, Santana, Satriani, YAM14 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-1-2017: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Ibanez, Santana, Satriani, YAM14 deposit at the North Yamarna project. Drilling results incl. 8m @ 6.80g/t Au from 32m at YAM14. Following completion of the Gruyer | |
| Resources: | (Reserve, P+P): 91.57Mt @ 1.20g/t Au for 3.52Moz Au contained at Gruyere project total | |
| CP/QP: | [Overall Report]: J Osborne (Internal) | |
| ABSTRACT: | Following completion of the Gruyere Project Joint Venture (GJV) transaction with Gold Fields Ltd (Gold Fields) in December 2016, Gold Road Resources Limited (Gold Road or the Company) can now refocus activities on its core strength of discovering gold deposits on the Yamarna Greenstone Belt. Gold Road is also pleased to announce results of the final regional diamond, Reverse Circulation (RC) and aircore drilling programmes for 2016 providing immediate follow‐up targets to be further tested in 2017. Assay results from RC drilling were received from the Ibanez Prospect within the Pacific Dunes‐Corkwood Camp Scale Target (Camp #3) and the Santana and Satriani Prospects within the Sun River‐Wanderrie Camp Scale Target (Camp #4), both located on the 100% owned North Yamarna tenements (Figure 1). Continuity of high‐grade bed rock mineralisation was confirmed at both Ibanez (best intersection of 19 metres at 2.52 g/t Au from 94 metres, including 3 metres at 13.41 g/t Au, in hole 16CWRC0024) and Santana (best intersection of 8 metres at 3.12 g/t Au from 234 metres, including 2 metres at 8.24 g/t Au in hole 16TARC0012). | |
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