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Gold Road Resources Ltd.
Summary
| Project: | Yamarna | |
|---|---|---|
| Deposit: | Yamarna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-6-2017: Gold Road Resources Ltd. announces an Exploration/Drilling Update report for its Yamarna deposit at the Yamarna project. Drilling results incl. 10m @ 28.67g/t Au from 240m. Well‐funded mid‐tier gold development and exploration company, Gold Roa | |
| Resources: | (not mentioned in this report) | |
| 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) is pleased to announce drilling results from its prioritised A$30 million Greenfields exploration drilling campaign2 (Figure 1). In particular, the early stage bedrock results from both the high priority Ibanez and Yaffler South Targets are very encouraging. These two targets are over 100 kilometres apart, north to south, on the same strike of mineralised structures controlled by the regionally extensive Yamarna Shear Zone (200 kilometre strike length). Significant results continue to be returned from YAM14, 25 kilometres to the east, where mineralisation is controlled by the Dorothy Hills Shear Zone (100 kilometre identified strike length). Gold Road Executive Director - Exploration & Growth Justin Osborne said: “It is very pleasing that the hard work and expertise the geology team has put into developing and executing the ranked exploration strategy is bearing early fruit. We are excited to have received a solid set of drill results from our drilling programmes across our 100% owned North Yamarna, and 50% owned Gruyere JV and South Yamarna JV projects. Of particular promise are the high-grade results from the high ranking Ibanez Target where follow up diamond drilling is in progress to establish the geological controls upon which to base further drilling.” Gold Road is pleased to report that its Greenfields exploration strategy is delivering significant bedrock assay results from its prioritised early and advanced staged projects. Assay results are reported from 340 diamond (diamond or DDH), Reverse Circulation (RC) and aircore (AC) drill holes for a total of 18,169 metres (Table 1) over a 100 kilometre strike length of the 200 kilometre long Yamarna Shear Zone, and over a 9 kilometre strike length of the 100 kilometre long Dorothy Hills Shear Zone (Figure 1). The ranked and prioritised drilling programmes focussed on testing bedrock targets with RC and diamond drilling, and early stage anomaly definition and full field testing with AC drilling on its regional projects. Additional resource definition work was carried out on the Gruyere Joint Venture ground. | |
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