Gold Road claims Gruyere-style gold discovery at YAM 10
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has received more encouraging results, this time from a recently completed regional aircore (AC) drilling program over South Yamarna Joint Venture (SYJV) tenements at the Riviera‐Smokebush and Breelya‐Toppin Hill camp‐scale targets.
The SYJV is owned 50:50 by Gold Road and Sumitomo Metal Mining Oceania Pty Limited.
The AC program consisted of 328 holes for 16,500 metres of drilling designed to test RAB‐Interface anomalies the JV identified through 2015 and 2016, and new conceptual structural targets not previously tested by drilling.
The program intersected anomalous bedrock gold mineralisation over widespread areas, with 30 drill holes returning gold grades greater than 0.1 gram per tonne gold.
Four target areas have been identified for priority follow‐up RC drilling, YAM10, Riviera, Yaffler South and Kingston North.
The YAM10 prospect has emerged as the highest priority having produced a best intersection of:
19m at 1.06 grams per tonne gold from 62m, including 3m at 5.16g/t gold from 63m, including 1m at 13.67g/t gold from 65 m; and
1m at 2.9g/t gold from 69m.
The results from the RC drilling program have provided the impetus for the company to begin testing the priority targets in the December 2016 quarter.
Planning for the follow‐up RC drilling at YAM10 and the three other targets is in progress.
“We set out to test a variety of geological settings, looking for both Gruyere analogue targets, and sheared mafic‐hosted gold mineralisation more typical of Yilgarn gold deposits.
“The identification of the YAM10 prospect as a true Gruyere look‐alike, although preliminary in nature, is extremely encouraging, and represents the combined efforts of the SYJV geologists.
“Drill testing is expected to start shortly and we are looking forward to what we might learn from the next program of RC drilling.”
Email: perth@goldroad.com.au
Website: www.goldroad.com.au