Gold Road drills high gold grades at Gruyere.

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has received further encouraging drilling results from the Gruyere prospect, located within the company’s Dorothy Hills Trend in Western Australia.

Gold Road said the recent round of diamond drilling had confirmed the presence of localised high‐grade gold mineralisation.

 

Geological interpretation illustrating flat east‐dipping higher
grade mineralised zones developing in response to reverse‐shearing
regime in Gruyere Tonalite, and location of high grade gold
mineralisation in drill hole 14GYDD0004. Source: Company announcement

 

The company said three new diamond holes it had completed have produced assay results which demonstrate the grade continuity and scale of, what it considers to be, a very large gold system.

Total mineralised intersections encountered by the diamond holes include 162 metres at 0.99 grams per tonne gold (14GYDD0002), 150.9m at 1.02g/t gold (14GYDD0003), and 247m at 1.20g/t gold from 8m (14GYDD0004).

Gold Road explained the broad intercepts include zones of non‐mineralised internal dykes, and higher‐grade mineralised zones including:

Hole 14GYDD0004:
24m at 5.01g/t gold from 174m, including 6m at 17.21g/t gold from 186m;

1m at 52.13g/t gold (187m to 188m), 1m at 17.98g/t gold (190m to 191m);

1m at 24.28g/t gold (191m to 192m.

20m at 1.33g/t gold from 33m, including 8m at 2.32g/t gold from 45m; and

30m at 1.22g/t gold from 83m, including 22m at 1.47g/t gold from 91m.

Hole 14GYDD0002:
23m at 1.77g/t gold from 96m, including 11m at 2.73g/t gold from 100m, and 2m at 2.39g/t gold from 116 metres;

7m at 2.22g/t gold from 150m; and

24m at 1.50g/t gold from 160m, including 21m at 1.62g/t gold from 161m.

Hole 14GYDD0003:
23.9m at 1.90g/t gold from 3.1m, including 14m at 2.61g/t gold from 5m;

34m at 1.09g/t gold from 37m; and

13m at 1.36g/t gold from 118m, including 11m at 1.53g/t gold from 118m.

Gold Road said the intersection encountered by 14GYDD0004 of 6m at 17.21g/t gold, within 24m at 5.01g/t gold is the highest grade the company has recorded to date at the Gruyere prospect.

“Each diamond drill hole has shown outstanding consistent gold mineralisation and we are confident that further exploration of this new discovery will confirm the potential of the Dorothy Hills Trend,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“We are encouraged that the diamond holes to date are confirming both the continuity of the gold mineralisation at depth within this large gold system, and intercepting higher‐grade gold mineralisation at several points over, at least, 300 metres of strike.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au