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Gold Road Resources Ltd.
Summary
| Project: | South Yamarna JV | |
|---|---|---|
| Deposit: | Toppin Hill, Smokebush | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-9-2016: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Toppin Hill, Smokebush deposit at the South Yamarna JV project. JV with Sumitomo - drilling results incl. 19m @ 1.06g/t Au from 62m. Gold Road Resources Limited (G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Gold Road Resources Limited (Gold Road or the Company) is pleased to announce that a regional aircore (AC) drilling programme has recently been completed over its South Yamarna Joint Venture (SYJV) tenements at the Riviera‐Smokebush and Breelya‐Toppin Hill camp‐scale targets. Given the highly significant results a Reverse Circulation (RC) drilling programme will begin testing the priority targets in the December 2016 quarter. The SYJV is owned 50:50 by Gold Road and Sumitomo Metal Mining Oceania Pty Limited (Sumitomo). The AC programme consisted of 328 holes for 16,500 metres of drilling designed to test RAB‐Interface anomalies identified through 2015 and 2016, and new conceptual structural targets not previously tested by drilling. The programme successfully intersected anomalous bedrock gold mineralisation over widespread areas, with 30 drill holes returning gold grades greater than 0.1 g/t Au. Four target areas have been identified for priority follow‐up RC drilling, YAM10, Riviera, Yaffler South and Kingston North (Figure 1). The highest priority target is the YAM10 Prospect with a best intersection of 19 metres at 1.06 g/t Au from 62 metres, including 3 metres at 5.16 g/t Au from 63 metres (including 1 metre at 13.67 g/t Au from 65 metres) and 1 metre at 2.90 g/t Au from 69 metres. The mineralisation at YAM10 is hosted in a highly sheared and altered Gruyere‐style felsic porphyry intruding a basalt‐volcaniclastic sequence, and displays features most analogous to Gruyere so far found at South Yamarna. Planning for the follow‐up RC drilling at YAM10 and the three other targets is in progress. | |
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