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Gold Road Resources Ltd.
Summary
| Project: | North Yamarna | |
|---|---|---|
| Deposit: | North Yamarna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2017: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its North Yamarna deposit at the North Yamarna project. JV with Gold Fields Ltd. - drilling results incl. 2m @ 14.74g/t Au from 73m. Well‐funded mid‐tier gold deve | |
| Resources: | (Reserve, P+P): 91.57Mt @ 1.20g/t Au for 3.52Moz Au contained at project | |
| 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) provides an update on recent greenfields exploration drilling campaigns1 on the Corkwood and Wanderrie Camp Scale Targets on its 100% owned North Yamarna tenements (Figure 1). Gold Road Executive Director ‐ Exploration & Growth Justin Osborne said: “Recent drilling has focussed on improving our understanding of our highest priority and most advanced targets at Santana and Satriani (Wanderrie Camp), and Ibanez (Corkwood Camp). All three Prospects continue to deliver encouraging results with each new drilling campaign which is the most pleasing aspect of our programmes. We are now positioned to start systematic framework drilling with the aim of defining the greater extents of the mineralised systems which will allow a fuller evaluation of each Prospect’s potential. Our aim will be to progress at least one of these areas to advanced infill drilling in 2018.” Ongoing exploration programmes on the Wanderrie Camp (Figure 2), in the central area of the Yamarna Greenstone Belt, include bedrock testing with RC and diamond drilling of prioritised highest ranked targets, and infill definition of identified anomalies with aircore drilling. A total of five diamond holes (1,177 metres) and 24 RC holes (4,645 metres) have been completed to provide important stratigraphic information in both new target areas and existing prospects, and to target potential mineralised structures (Table 1). | |
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