Gold Road Resources hits mark with Central Bore drilling

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has received assays of up to 171 grams per tonne gold from the second drill hole of an eight-hole deeper diamond drill program completed at the Central Bore project located on the company’s wholly-owned Yamarna Belt in Western Australia.

The hole returned encouraging intersections, including:

–    4 metres at 29 grams per tonne gold from 267 metres including 0.5 metres at 171 grams per tonne gold.

Gold Road conducted the eight hole diamond program to increase its confidence in the deeper sections of the resource ( over 250 metres below surface), expand the current mine life, and establish ore shoot geometry at depth.

 

Central Bore long section showing intercepts from current diamond
drilling program at Imperial Shoot. Source: Company announcement

 

“The last drill hole intersected not only high-grade gold, but also showed a thickening of the lode in this position which is very encouraging,” Gold Road executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

Other results from across the eight hole program include:

–    4m at 29.03g/t gold from 267m, including 0.5m at 171.15g/t gold;

–     1.76m at 34.4g/t gold from 270m, including 0.2m at 219.1g/t gold and 0.2m at 73.6g/t gold;

–    0.4m at 104g/t gold from 328.6m, including 0.2m at 185.2g/t gold;

–    3.2m at 26.9g/t gold from 483m, including 1.2m at 50.6g/t gold and 0.2m at 110.2g/t gold; and

–    0.5m at 24.3g/t gold from 501m.

Gold Road said it is currently evaluating and interpreting all the recent drill data and plans to update the Central Bore resource for inclusion in its Pre-Feasibility Study, which is due for completion in the second quarter 2013.