Gold Road continues to pave its way

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THE DRILL SERGEANT: Gold Road Resources has announced to the ASX the discovery of multiple new gold anomalies across the company’s wholly-owned Yamarna Gold Belt.

The discoveries include the Koopman’s Find high-grade gold patch, which Gold Road identified during an auger drilling program at the Tobin Hill gold trend.

The following new gold anomalies, all located across the Yamarna Belt, have recently been identified through drilling activity:

Koopman’s Find prospect:

–    A new gold discovery located in Tobin Hill area; and

–    Rock chip returned a grade of 40.7 grams per tonne gold.

 

Free gold panned from Koopman’s Find patch at Tobin Hill area. Note floating fine gold. Source: Company announcement

Tatar prospect:

–    Located on the Tamerlane trend between Attila South gold deposit and the Hann prospect; and

–    Gold Road has delineated a 1.5 kilometre long gold anomaly.


VTEM prospect:

–    Located on the Tamerlane trend close to the Alaric 2 gold deposit;

–    Drilling has identified a 500 metre long gold and a 300 metre long arsenic-copper-lead-zinc-nickel anomaly; and

–    Assays and lithology suggest a possibility of VMS style of mineralisation.

Dorothy Hills (north) prospect:

–    Located approximately 23 kilometres north-east of Central Bore;

–    Drilling has identified a broad 100 – 200 metre wide gold anomaly;

–    Gold appears to be hosted by both granite and basalt; and

–    Follow up RAB program will focus on the long granite and basalt contact.

Western Ultramafics prospect:

–    Located 1.5 kilometres west of the Alaric 3 gold deposit;

–    Drilling was designed to test a 1.5 kilometre long zone where sporadic historical drilling identified gold anomalism (the best intercept: 1m at 3.72 g/t gold); and

–    Gold Road’s current drilling confirmed the presence of anomalous gold in the area – full interpretation of the results is in progress.

 

In addition to the above results Gold Road said it has also continued to delineate its Central Bore, Central Bore North, Central Bore South, Justinian, Hann and Khan North projects.

The company has surpassed its 150,000 metre target by drilling in excess of 170,000 metres of RAB, RC and diamond drilling throughout 2011.

Gold Road has already commenced its 2012 drilling campaign with all three rigs in operation and its entire exploration team back on site.