Gold Road finds more gold targets
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has identified two further gold trends hosting six gold anomalies located on the Pacific Dunes‐Corkwood Gold Camp Scale Target in the north of the company’s Yamarna tenement package in Western Australia.
Gold Road said the new targets, which have a combined strike length in excess of 25 kilometres, were identified during a recently conducted reconnaissance drilling program.
Plan view of the Pacific Dunes‐Corkwood Targets derived from Aircore
drilling, based on coincident geological and geochemical anomalism.
Source: Company announcement
“The identification of these six new targets on the previously untested Pacific Dunes‐Corkwood Gold Camp Scale Target further demonstrat the high prospectivity of the approximately 5,000 square kilometre Yamarna Belt,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.
“The continued success of our regional drilling programs underpins our ongoing exploration strategy of finding and proving up a number of quality gold deposits throughout Yamarna – signifying the gold region’s strong prospectivity.”
Gold Road described the six gold targets to be variably associated with shear zones at favourable lithological contact boundaries and intersections with large‐scale regional cross‐cutting structural trends.
The company also pointed out the identification of Banded Iron Formations and cherts, which it emphasised are integral host rocks in many major gold deposits in the Western Australian goldfields.
The latest work also identified broad zones of gold and pathfinder anomalism associated with large felsic intrusive bodies with the central part of the target area hosting a thick ultramafic unit characterised by a cobalt-copper-chromium-nickel suite with a pyroxenitic signature.
While being difficult to articulate this apparently has been interpreted as a komatiitic unit, which has been either structurally thickened, or a lava channel environment, potentially favourable for nickel mineralisation.
Gold Road indicated this will be further assessed for its nickel potential.
Email: perth@goldroad.com.au
Website: www.goldroad.com.au