Gold Road survey identifies new targets

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has identified 13 new high-priority gold targets from an Airborne Sub-Audio Magnetic (SAM) survey recently conducted within the Pacific Dunes – Corkwood Gold Camp, located approximately 65 kilometres north of the company’s Central Bore gold deposit of the Yamarna Greenstone Belt in Western Australia.

The Pacific Dunes – Corkwood Gold Camp is one of the targets Gold Road labelled as high-priority following a Regional Targeting exercise the company completed throughout 2012 and 2013.

 

Gold Road 100 per cent tenements and Gold Road-Sumitomo South
Yamarna Joint Venture tenements showing location of Gold Camps and Redox
targets. Source: Company announcement

 

The SAM survey covered an area of approximately 60 square kilometres (12km x 5km) covering a distance of approximately 582 line-kilometres with line spacing of 100 metres.

Gold Road described the The Pacific Dunes – Corkwood area as being characterised by the presence of sand and Permian sandstone cover up to 40 metres thick.

The depth of this overburden mas meant the majority of historical surface geochemistry is not effective.

“The identification of these 13 high-priority targets at Pacific Dunes – Corkwood enhances the results from the Regional Targeting exercises undertaken through 2012 – 2013 and the potential for future exploration of the other Gold Camp Targets,” Gold Road Resources chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“SAM is an excellent, quick and cost effective geophysical tool for gathering high-resolution subsurface information over a prospect scale area.”

Gold Road said it had also completed a SAM survey over its Breelya – Minnie Hill Gold Camp, which is within the Gold Road – Sumitomo Joint Venture Southern Tenements.

The interpretation of this survey is now in progress.

Gold Road indicated a drilling program in this area will be undertaken in Q4 2013.