Gold Road meets high-grade gold at Smokebush
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has encountered high‐grade gold mineralisation during the first stage of RC drill testing of gold anomalism at the Smokebush Dolerite target.
The Smokebush Dolerite target is part of the Riviera‐Smokebush Gold Camp Scale Target, which is within the company’s South Yamarna Joint Venture with Sumitomo Metal Mining Oceania Pty Limited.
Gold Road claims the recent drilling has identified high‐grade gold mineralisation, returning a total drill intersection of 59 metres at 3.03 grams per tonne gold from 127 metres in hole 15SYRC0034.
The intersection included 10 individual one metre assays greater than 5g/t gold.
A second mineralised intersection of 5m at 1.6g/t from 118m was encountered by hole 15SYRC0032 and occurred on a drill section situated 400m south of 15SYRC0034.
Gold Road has interpreted these results to indicate continuity of the structure.
The company said follow‐up drilling, anticipated to be completed by April, across the interpreted west dipping shear zone has been planned to determine the true dip, and strike orientation and width of mineralisation.
“This is an extremely exciting first test of a new target zone,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.
“The scale and grade of the mineralisation hosted within a highly prospective geological unit is very significant.
“Once again, this provides Gold Road with confidence that both our exploration targeting and testing methods are proving very effective.
“We are now looking forward to further testing this new discovery with Sumitomo with whom we have developed an excellent operating partnership.”
Email: perth@goldroad.com.au
Website: www.goldroad.com.au