Gold Road confirms continued deep high-grades at Gruyere
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) released assay results from the remaining Gruyere Updated Resource drilling program.
Gold Road said a majority of holes in the recent drilling had encountered mineralisation consistent with or better than drilling used to compose the Gruyere resource estimate.
The company believes these results have increased its confidence in the geological interpretation, mineralisation controls, and resource classification of the project.
The results have indicated discrete zones of higher‐grade mineralisation continue to more than 50 metres below the current Resource Pit Shell.
Deepest intersections encountered to date below the Resource Pit Shell returned:
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188 metres at 1.5 grams per tonne gold from 611m for 282 gram.metres, including 123m at 1.79g/t gold from 659m for 220 gram.metres.
Strong mineralisation hit from within the resource has confirmed the model estimate, including:
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202m at 1.48g/t gold from 383m for 297 gram.metres, including 69m at 1.96g/t gold from 659m for 134 gram.metres.
With these results in mind Gold Road has commenced a high‐level assessment of the potential for large‐scale underground mining at Gruyere below the open pit operation.
The company outlined the conceptual Underground Mining Study will focus on mining method, size dimensions and grade and/or gold price required for economic extraction.
“The quality of this deposit continues to be demonstrated by these positive drill results, and we look forward to completing the next Gruyere resource upgrade,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.
“We are currently busy with the 2,000 metre West Australian Government co-funded EIS drill hole at Gruyere, which is expected to be completed in late July, and which could be a further indicator of the depth potential of Gruyere.”
Email: perth@goldroad.com.au
Website: www.goldroad.com.au