Gold Road Resources stretches Gruyere

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has claimed to have extended the strike potential of the Gruyere prospect.

The Gruyere prospect is located within the Dorothy Hills gold camp, one of the company’s nine targets on the Yamarna gold belt in Western Australia.

Gold Road has received assay results from recently completed aircore drilling program at the Gruyere prospect, which the company said has the potential to extend the previously reported gold system by at least 1,000 metres to the north.

The company considers the results to have outlined a total strike potential of the main Gruyere gold system of up to 2,600m, which remains open to the north and south.

 

Plan view illustrating location of existing RC drill holes and
representation of approximate footprint of current known limits of the
Gruyere prospect. Source: Company announcement

 

Gold Road is currently carrying out follow‐up RC drill testing on the immediate extensional trend to the north with results expected in Q1 2014.

The company indicated it would be conducting further RC testing of identified new targets to the west and north‐west, along with drilling to the south to test a low level anomalism extending up to 1,000m to the south it identified in RAB drilling program completed in 2013.

“This drilling program continues to excite us,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“What we are starting to see is not only a significant increase in the strike potential of the Gruyere gold system, but also evidence of multi ‐ element signatures we can use to identify further extensions to the Gruyere mineralisation, and additional new targets in the Dorothy Hills Gold Camp Target.”

Gold Road has completed detailed re‐logging of RC drilling chips identified arsenopyrite (arsenic sulphide), sphalerite (zinc sulphide), and molybdenite (molybdenum sulphide) as being present as components in the Gruyere mineralised zone.

The company is now of the opinion the delineation of coincident gold‐arsenic‐molybdenum‐zinc low level anomalism derived from aircore drilling can be used as a targeting tool for the Gruyere‐style mineralisation in the Dorothy Hills gold camp target.

The Dorothy Hills Trend is the first of Gold Rod’s regional Gold Camp targets to be drill tested, and has so far yielded the Gruyere and YAM14 gold discoveries.

The discoveries are approximately nine kilometres apart and sitting on the same structural trend, approximately 25 kilometres north‐east, of the company’s more advanced Central Bore project.

Gold Road said its activities have identified two different mineralisation styles not seen before in the Yamarna Belt, leading it to declare Dorothy Hills Trend to have potential to host sizeable gold deposits.

Email: perth@goldroad.com.au

Website: www.goldroad.com.au