Gold Road receives final Gruyere drill out numbers

THE DRILL SERGEANT: It will be interesting to see what Gold Road Resources (ASX: GOR) has to say in its presentation slot at Diggers & Dealers next week.

The company has received the remaining gold assays from resource definition drilling on the Gruyere deposit.

Gold Road said it is compiling the final assay information in ongoing resource estimation activities, which are aimed to produce a Maiden Mineral Resource for the Gruyere deposit within the September 2014 Quarter.

The new gold assays have been derived from three separate drilling programs.

The first of these comprised 20 Reverse Circulation (RC) drill holes, which in‐filled on a 50 metre section spacing to an approximate depth of 150m.

Gold intercepts from the 50m section infill program included:

14GYRC0124
85 metres at 1.38 grams per tonne gold from 35m, including 56m at 1.65g/t gold from 35 metres; and 39m at 3.66g/t gold from 123m, including 17m at 1.73g/t gold from 128m, and 14m at 7.71g/t gold from 148m, including 6m at 15.55g/t gold from 153m or 3m at 25g/t gold from 156m;

14GYRC0120
49m at 2.53g/t gold from 125m, including 39m at 3.02g/t gold from 134m; and

14GYRC0135

5m at 2.94g/t gold from 64m, 21m at 1.61g/t gold from 73m, and 35m at 2.1g/t gold from 97m.

 

Gruyere plan projection illustrating interpreted geology and location of
recent drilling on 50 metre infill sections. Source: Company
announcement

 

The second program was 26 close-spaced RC holes the company designed to test short scale continuity of geology and grade.

Intercepts from the Detailed Drilling Program included:

14GYRC0114
14m at 5.05g/t gold from 22m, including 12m at 5.79g/t gold from 22m;

14GYRC0090
59m at 1.23g/t gold from 43m, including 22m at 1.45g/t gold from 43m, and 8m at 1.64g/t gold from 70m; and 17m at 3.33g/t gold from 113m; and

14GYRC0093
14m at 1.59g/t gold from 17m, including 7m at 2.67g/t gold from 24 metres; 52m at 1.64g/t gold from 35m, including 10m at 2.42g/t gold from 36m, and 10m at 2.45g/t gold from 77m; 5m at 1.83g/t gold from 90m, including 3m at 2.48g/t gold from 92m; and 21m at 1.29g/t gold from 99m, including 7m at 1.9g/t gold from 99m and 6m at 1.59g/t gold from 110m.

The final program consisted of extensions drilled by re‐entry of 13 previously drilled holes, which had ended in mineralisation.

Intercepts from the Extensions to Existing Drilling included:

13GYRC0033
46m at 1.13g/t gold from 102m, 22m at 2.44g/t gold from 163m, and 11.9m at 1.71g/t gold from 192m;

13GYRC0050
35.8m at 1.24g/t gold from 170.5m, and 44.5m at 1.34g/t gold from 220m; and

13GYRC0058
70m at 1.46g/t gold from 103m, including 19m at 1.91g/t gold from 111m, 8m at 1.95g/t gold from 133m, 8m at 1.67g/t gold from 152m, and 2.4m at 3.95g/t gold from 164.4m.

“The 50 metre sections infill program returned intersections comparable to previous drilling on 100m spaced sections to depths of approximately 150 metres,” Gold Road Resources said in its ASX announcement.

“This provides excellent confirmation of the geology and grade of mineralisation between sections along the main 1,800m long zone of the Gruyere deposit.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au