Gold Road extends Smokebush Dolerite with high-grade intersect

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) released the results of the final hole (15SYDD0008) in a recent five‐hole diamond drilling program completed at the Smokebush Dolerite prospect.

The Smokebush Dolerite occurs in the Riviera‐Smokebush Gold Camp Scale Target, which is within the South Yamarna Joint Venture Gold road has with Sumitomo Metal Mining Oceania.

Sumitomo is earning up to a 50 per cent interest in the Joint Venture.

According to Gold Road the final hole intersected a seven metre zone of quartz‐ sulphide mineralisation with visible gold observed in quartz veins.

The hole returned a preliminary high‐grade gold intercept of:

6.76 metres at 15.85 grams per tonne gold from 167.71m, including individual assays of 191.36g/t gold (0.4m) and 50.83g/t gold (0.47m) coincident with zones of visible gold.

Gold Road said the intersection extends the known strike of mineralisation at the Smokebush Dolerite prospect to approximately 1.3 kilometres and remains open to the north.

“It is very exciting to intersect true high‐grade gold mineralisation in the Smokebush prospect area,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“We had the belief the geology displayed all the ingredients required for significant gold mineralisation, which has been confirmed by this drill hole.

“The team is now working on putting the broader geological framework together to identify the focus of our next drill phases.

“With mineralisation remaining open to the north and down dip, there is tremendous scope for a very significant discovery in this area, which would be the first in our JV with Sumitomo.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au