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Gold Road Resources Ltd.
Summary
| Project: | South Yamarna JV | |
|---|---|---|
| Deposit: | South Yamarna JV | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-2-2017: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its South Yamarna JV deposit at the South Yamarna JV project. JV with Sumitomo - Drilling results incl. 55m @ 0.23g/t Au from 142m. Gold Road Resources Limited (Go | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Gold Road Resources Limited (Gold Road or the Company) is pleased to announce the completion of regional aircore drilling programmes testing the Yaffler South, Riviera and Kingston North targets, located in the Riviera‐Smokebush Camp Scale Target area, and a Reverse Circulation (RC) drilling programme at the Hirono target on the South Yamarna Joint Venture (SYJV) tenements, a 50:50 joint venture with Sumitomo Metal Mining Oceania Pty Ltd (Sumitomo). The infill aircore programme of 193 holes (Figures 1 and 5) targeted anomalism identified by earlier aircore drilling completed at the Yaffler South, Riviera and Kingston North targets (ASX announcement dated 20 September 2016). The new drilling successfully confirmed gold anomalism at Yaffler South and Kingston North with best intersections of 4 metres at 1.24 g/t Au from 46 metres at Yaffler South and 2 metres at 1.29 g/t Au from 56 metres at Kingston North. Follow up programmes are in preparation with further work planned for the first half of 2017. At programme of RC drilling (15 holes) at Hirono Prospect (previously YAM10) returned a broad low‐grade porphyry hosted intersection of 17 metres at 0.40 g/t Au from 142 metres below a previous aircore result of 19 metres at 1.06 g/t Au from 62 metres, with another six holes also intersecting low grade mineralisation. Detailed geological interpretation of the anomalism is in progress to determine the next stage of activity for this Prospect. | |
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