Gold Road Resources Continues to Add Value to Gruyere Gold Project

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THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) announced results from bedrock drilling being carried out at the Gruyere Joint Venture (Gold Road 50%).

The 144 square kilometre Gruyere JV tenements are a 50:50 joint venture with Gold Fields.

Complementing this is the North Yamarna project (100% Gold Road), and the South Yamarna Joint Venture is a 50:50 joint venture with Sumitomo Metal Mining Oceania.

Gold Road Resources explained the ongoing program is focussed on discovering and defining high margin mining projects within 25 kilometres of the Gruyere mill and open pit mine, both of which are currently under construction.

The company reported that the drilling encountered high‐grade gold along the strike length of both the Attila ‐ Alaric and Gruyere ‐ YAM14 trends at the Gruyere JV.

The best intersections achieved at the Attila ‐ Alaric Trend from the 14 kilometres of strike include:

Argos RC drilling:

17ALRC00194
8 metres at 4.95 grams per tonne gold from 205m; and

17ALRC0200
3m at 11.87g/t gold from 123m.

Attila RC drilling:

17ATRC0032
11m at 2.89g/t gold from 20 metres; and

17ATRC0027
5m at 5.16g/t gold from 114m.

Alaric DDH drilling:

17ALDD0007
1.6m at 11.56g/t gold from 276m.

Along the 11 kilometres of strike of the Gruyere ‐ YAM14 Trend, the best intersections included:

Gruyere DDH drilling:

17GY0336
40m at 2.51g/t gold from 417m.

YAM14 DDH drilling:

17DHDD0014
11 metres at 2.46g/t gold from 85m.

YAM14 RC drilling:

17DHRC0066
8m at 2.9g/t gold from 88m; and

17DHRC0067
18m at 1.26g/t gold from 104m.

Gold Road said it was encouraged by these results, believing that the widths and grade of gold mineralisation may be a source of higher-grade ore feed to supplement the Gruyere mine as outlined in the Gruyere Feasibility Study.

Gold Road is manager of the exploration program that is part of the company’s extensive Greenfields exploration drilling campaign on the Yamarna and Dorothy Hills Greenstone Belts.

“Taking projects to advanced stages within the Gruyere JV tenements substantiates our exploration strategy of targeting high margin mill feed which will add value and mine life to the Gruyere Gold Project,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“These results provide a solid foundation of resource development and bolster our exploration efforts on the joint venture ground.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au