Gold Road Resources drilling reinforces Central Bore continuity
THE DRILL SERGEANT: Gold Road Resources has started 2013 on a happy note by intersecting 185 grams per tonne from its first drill hole of the year at the company’s Central Bore project located on its wholly-owned Yamarna Belt in Western Australia.
The drillhole was completed in late January 2013, and is the seventh hole of the eight-hole deeper diamond drill program the company has designed to:
– Increase its confidence in the deeper sections of the resource;
– Expand the mine life; and
– Establish ore shoot geometry at depth.
Central Bore drilling. Source: Company announcement
“We are extremely pleased with this high-grade assay that further reinforces the continuity of the high-grade Imperial Shoot at depths beyond 250 metres,” Gold Road Resources chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.
“There is a sharp and distinctive visible contact between the lode and the waste.
“The high-grade gold zone located in the hanging wall is associated with the presence of elevated molybdenite which is easily identified visually and quantified using a hand-held XRF Analyser.
“This drill hole together with the ones previously reported in January 2013 show the success of this eight-hole deeper drilling program (deeper than 250 metres).”
Drilling throughout the current program has intercepted:
– 1.76m at 34.4 grams per tonne gold from 270 metres, including 0.2 metres at 219.1 grams per tonne gold and 0.2 metres at 73.6 grams per tonne 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 1.23m 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 also indicated it had encountered a further intercept at 616m where the Imperial Shoot lode continues to be visible in the diamond core.
The company has taken confidence from this and considers this system continues below the 600m mark.