Gold Road hits broader, higher grades at Gruyere

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has received assay results for the remaining 26 drillholes from the recent RC drilling program conducted on the Gruyere prospect on the Dorothy Hills Trend in Western Australia.

Gold Road said the drilling has returned the best RC intersections so far at the Gruyere prospect with wide zones of consistent higher‐grade mineralisation intersected in two holes.

14GYRC0034:
91 metres at 1.86 grams per tonne gold from 69 metres; and

14GYRC0033:

33m at 1.38g/t gold from 37m, and 47m at 1.53g/t gold from 73m.

 

Cross Section 50100 (Section G) highlighting >0.5g/t
intersections in RC drillholes 14GYRC0033 and 0034, and 14GYDD0008
(>0.5g/t gold on left and >1g/t gold on right of drill traces) and
geology. Drill hole 14GYDD0008 is drilled across the section plane from
south to north. Source: Company announcement

 

The company said these result have confirmed its interpretation of southerly plunging higher grade shoots in the Gruyere mineralised system.

Best gold intercepts reported from one‐metre sampling from new assays received (at 0.5g/t gold cut‐off, minimum two metre mineralised intersection) included:

14GYRC0034:
91m at 1.86g/t gold from 69m, including 58m at 2.27g/t gold from 70m.

14GYRC0033:
3m at 3.17g/t gold from 31m, including 2m at 4.46g/t gold from 51m;

33m at 1.38g/t gold from 37m, including 28m at 1.53g/t gold from 42m; and

47m at 1.53g/t gold from 73m, including 14m at 1.93g/t gold from 87m, and 16m at 1.7g/t gold from 104m.

14GYRC0037:
2m at 3.33g/t gold from 48m; and

19m at 2.08g/t gold from 53m, including 12m at 2.82g/t gold from 59m.

14GYRC0032:
26m at 1.49g/t gold from 75m, including 21m at 1.66g/t gold from 79m.

14GYRC0039:
13m at 1.42g/t gold from 14m, including 10m at 1.67g/t gold from 16m, and 10m at 1.69g/t gold from 30m.

14GYRC0004:
11m at 1.82g/t gold from 16m, including 4m at 3.38g/t gold from 22m.

14GYRC0008:
15m at 1.23g/t gold from 7m, including 7m at 1.89g/t gold from 101m.

“These higher grade intercepts support our interpretation of the system,” Gold Road executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.

“Together with the deep (>500m) diamond hole (14GYDD0008), which we reported previously, we are proving that the Gruyere deposit is not just a very large gold system, but one which also has the potential to host high‐grade shoots.”

Gold Road has a second phase of infill drilling planned for the main prospect area to assist with resource modelling.

The company is progressing on detailed geological interpretation and modelling to improve its overall understanding of the Gruyere prospect mineralisation to enhance local and regional exploration targeting, and to provide the basis for resource modelling activities.

Email: perth@goldroad.com.au

 

Website: www.goldroad.com.au