THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) released the first assay results from 2018 exploration campaign underway at the company’s 100 per cent-owned Yamarna project.
Gold Road Resources announced that high-grade mineralisation has been confirmed at both the Smokebush Camp, in the former South Yamarna Joint Venture, which it now owns 100 per cent, and along the 14-kilometre-long Supergroup Trend in the Wanderrie Camp which starts approximately 15 kilometres to the north of the Smokebush Camp.
Smokebush diamond drilling hs improved Gold Road’s understanding of and the continuity of high-grade dolerite hosted mineralisation, with best intersections including:
56.25 metres at 1.95 grams per tonne gold Au from 98.75m, including 5.41m at 4.22g/t gold from 133.65m and 7.73m at 5.45g/t gold from 144m; and
1.27m at 3.88g/t gold from 25m.
Diamond and RC drilling results from Wanderrie over the approximate 14-kilometre strike length of the Supergroup Trend have confirmed the potential to define several more deposits.
Best intersections include:
2m at 17.45g/t gold from 80m;
1m at 17.27g/t gold from 134m and 5m at 4.5g/t gold from 140m;
5m at 3.63g/t gold from 85m and 2m at 10.31g/t gold from 130m; and
5m at 3.64g/t gold from 57m.
“First drilling of our 2018 drilling campaign at our now 100 per cent-owned South Yamarna project has yielded immediate positive results at the Smokebush Camp, confirming high-grade mineralisation in a very prospective part of the Yamarna Belt,” Gold Road Resources executive director – exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.
“Approximately 15 kilometres to the north of Smokebush new zones of high-grade mineralisation, along an approximate 14 kilometre strike of the Supergroup Trend, also confirmed multiple areas of potential.
“Understanding the detailed controls in both areas, together with drill testing of high ranking targets at Toppin Hill and Yaffler South, also in this southern area, is likely to identify a district scale opportunity for follow-up drilling later this year.”
Gold Road acquired Sumitomo’s 50 per cent interest in the South Yamarna project consolidating its ownership over the majority of the Yamarna Belt, which now totals approximately 5,000 square kilometres, covering the 100 per cent-owned Yamarna project, 50 per cent of the Gruyere Joint Venture, and the 100 per cent-owned Throssel project north-east of Yamarna.
Consolidating the South Yamarna project area and its prospective targets, has allowed Gold Road to prioritise and focus on highest ranked prospects compared to previous years.
The company has identified priority targets to be tested in 2018 including Smokebush, Toppin Hill, Breelya, Yaffler South, Kingston North, and Hirono Trend.
These targets are all within 15 to 30 kilometres of the Supergroup Trend on the Wanderrie Camp and will be a major focus of Gold Road’s activity through 2018.