Gold Road confirms Toppin Hill gold mineralisation
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has drilled the first Western Australian Government Exploration Incentive Scheme (EIS) co‐funded diamond hole (15SYDD0003B) at the Toppin Hill Dolerite prospect.
The Toppin Hill Dolerite occurs in the Breelya‐Toppin Hill Gold Camp Scale Target, which is within the company’s South Yamarna Joint Venture with Sumitomo Metal Mining Oceania Pty Limited.
Sumitomo is earning up to a 50 per cent interest in the JV.
Gold Road said the drilling has confirmed mineralisation that had been identified in previous RC drilling, which was announced in May 2014, achieving an intersection of:
9.14 metres at 3.48 grams per tonne gold from 143m, including 3.48m at 6.44g/t gold from 143.82m.
Gold Road explained that drill‐hole 15SYDD003B was drilled as a standalone deep stratigraphic hole designed to drill through a differentiated dolerite sill to provide detailed stratigraphic and structural data.
The hole intersected the previously reported gold mineralisation, confirming an earlier RC intercept of 12m at 4.65g/t gold (14SYRC0002), which was within 10m of the co-funded diamond hole.
Mineralisation is clearly hosted within a discrete shear zone with quartz‐sulphide lode structures coincident.
Grades from the drilling included a central higher‐grade zone of 3.48 metres with sequential grades returned of 5.44g/t, 7.04g/t, and 9.46g/t, for an intercept grade of 6.44g/t gold.
The mineralised structure is hosted within a north‐west striking shear zone that cuts through a differentiated dolerite sill located between two north striking felsic intrusions.
Strike length of identified gold mineralisation is 800 metres, which remains open down dip.
Gold Road indicated it is now conducting a comprehensive geochemical sampling, downhole geophysical surveying and structural analysis to produce a structural and geological model for the Toppin Hill Dolerite, and assist in targeting follow up drilling under consideration for 2016.
“This new drilling has confirmed the detailed geology of the Toppin Hill discovery as being hosted within a very prospective differentiated dolerite sill,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.
“The discrete nature of the shear zone, and visually obvious gold mineralisation provides us with a very good target model to follow up on.
“Along with the high‐grade discovery recently made at Smokebush in a similar dolerite, we now have two exciting projects to focus JV attention on going into 2016.”
Email: perth@goldroad.com.au
Website: www.goldroad.com.au