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Gold Road Resources Ltd.
Summary
| Project: | Yamarna | |
|---|---|---|
| Deposit: | Yamarna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2018: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Yamarna deposit at the Yamarna project. Drilling results incl. 3m @ 34.07g/t Au from 111m. Drilling results from across the Yamarna Greenstone Belt during the Sept | |
| Resources: | (Resource, Total): 143.46Mt @ 1.27g/t Au for 5.88Moz Au contained at Gruyere | |
| CP/QP: | [Overall Report]: Justin Osborne (Internal) | |
| ABSTRACT: | Drilling results from across the Yamarna Greenstone Belt during the September 2018 quarter add impetus to the Gold Road strategy of discovering stand-alone economic deposits or groups of deposits (Figure 1 and Table 1). Golden Highway – Pre-feasibility infill and extensional bedrock drilling confirms continuity of mineralisation and identifies potential resource growth with best intersections of 3 metres at 18.05 g/t Au from 137 metres at Argos (18ALRC0285) and 9.16 metres at 2.89 g/t Au from 77 metres at Montagne (18ALDD0030). Well-funded mid-tier gold development and exploration company Gold Road Resources Limited (Gold Road or the Company) reports receipt of positive assay results from diamond, reverse circulation (RC) and aircore drilling from the ongoing 2018 exploration programmes on Gold Road’s 100% owned Yamarna Project and the 50% owned Gruyere Joint Venture (Gruyere JV). Multiple intersections of high-grade bedrock mineralisation and new gold anomalies have been defined in both the Southern and Northern Project areas of Yamarna. Follow-up framework RC and diamond drilling is ongoing at the high-priority Smokebush and Gilmour projects with results expected for release in the December 2018 quarter. On the Gruyere JV Golden Highway deposits drilling continuesto infill and extend mineralisation on existing Mineral Resources at Montagne and Argos as part of Prefeasibility Studies in support of possible Ore Reserve estimates. | |
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