Gold Road adds growth potential by extending Attila mineralisation

/in /by

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has completed infill and extensional drilling at the Attila deposit, located approximately 27 kilometres south-west of the company’s 6.2 million ounce Gruyere gold project in Western Australia.

Gold Road Resources explained the latest drilling program to be part of a larger effort targeting high-margin gold deposits to supplement ore feed from the planned Gruyere open pit.

According to the company the drilling has confirmed extensions to mineralisation outside the existing 220,000 ounce Attila open pit Mineral Resource.

A program consisting twenty Reverse Circulation (RC) and nine diamond (DDH) holes infilled and extended continuous structurally controlled gold mineralisation over more than 1.5 kilometres of strike.

Results included:

16ATDD0006
9 metres at 4.3 grams per tonne gold from 130m, including 3.9m at 9.4g/t gold;

16ATDD0017
9m at 3.5g/t gold from 160m, including 1m at 25g/t gold;

16ATRC0015
8m at 2.2g/t gold from 75m; and

16ATRC0014
13m at 1.9g/t gold from 96m.

Gold Road indicated potentially economic mineralisation has been identified on the Main Shear, as well as Hangingwall and Footwall Structures, below and to the north of the 2015 open pit Mineral Resource, which is constrained within a $1,600 per ounce pit shell.

“Our first drilling at Attila in almost five years has identified significant zones of mineralisation within the current resource and at unexplored depths,” Gold Road Resources executive director – exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“The high-grade nature of some zones, and very thick intersections at lower grade in other areas, suggest we have significant potential to expand on our existing 220,000 ounce gold resource.

“Our team is now working on an update to allow us to assess the potential of the resource to contribute additional value to our recently completed Gruyere Feasibility Study.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au