Gold Road confirms consistency of Gruyere

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THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has received assay results for the remaining 25 drill holes from a program of reverse circulation (RC) drilling the company carried out at its Gruyere prospect, located on the Dorothy Hills Trend in Western Australia.

Gold Road claims gold mineralisation was encountered from 22 of those holes.

The drilling comprised 27drill holes for 3,319 metres, of which assays from two holes (13GYRC0038 and 13GYRC0053) were reported in December 2013.

Highest individual one‐metre assays received included:

1 metre at 8.74 grams per tonne gold from 41 metres (13GYRC0061);

1m at 7.36g/t gold from 30m (13GYRC0042);

1m at 6.7g/t gold from 130m (13GYRC0048);

1m at 6.03g/t gold from 23m (13GYRC0063); and

1m at 5.6g/t gold from 70m (13GYRC0064);

 

Gruyere plan projection illustrating interpreted geology and
significant intersections (0.5g/t gold cut‐off, minimum 2m thickness)
(Hole GYRC0053) results reported in December 2013. Source: Company
announcement

 

“We continue to be very encouraged with the rapid growth of the Gruyere gold system since its discovery in October 2013,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“We made an aggressive call to step‐out the drilling by 500 metres in the December 2013 drilling program and shareholders have been rewarded with the highest‐grade, broad gold interval drilled to date at Gruyere (30m at 3.5g/t).

“The latest drilling program is testament that the gold mineralised system continues with good grades and widths to the north.

“We look forward to testing this gold system further to both the north and south.”

Gold Road indicated it intends conducting further RC drilling this year to delineate a consistent 100m section spacing over the 1,100m strike length of the main discovery area.

Drilling will also follow‐up on high‐grade mineralisation the company intersected in drill hole 13GYRC0053 (Section N) to determine the geometry of mineralisation at this location.

Gold Road also has a program of diamond drilling scheduled to commence in 2014 targeting known mineralised locations to provide additional information to improve its current understanding of the prospect geology.

Email: perth@goldroad.com.au

Website: www.goldroad.com.au