Gold Road Resources doubles Gruyere discovery
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has completed a 20 hole infill and extensional RC drilling program, which it claims has doubles the strike length of the Gruyere Prospect at the Dorothy Hills Trend.
The Gruyere prospect is located at the Dorothy Hills project area, 25 kilometres east of the high-grade Central Bore deposit, within the company’s 100 per cent-owned North Yamarna tenements in Western Australia.
Gruyere prospect, Dorothy Hills project area with significant intersections highlighted. Source: Company announcement
Gold announced results of RC drilling and one metre re‐sample assays in October and earlier this month, which had identified its gold discovery at the Gruyere prospect.
Mineralisation was initially identified over a 400 metre strike in two sections of RC holes drilled approximately 40 metres apart on section.
Gold Road said the results from the recently completed drilling program has extended this mineralisation 200 metres to the north and to the south for a new total strike length of 800 metres with intersections reported at depths of up to 140 metres below surface.
Best gold intercepts from one ‐metre sampling (at 0.5 grams per tonne gold cut‐off, minimum two metre intersection) included:
75 metres at 1.39g/t Au from 20 metres, including 2 metres at 11.76g/t Au from 26 metres, and 18 metres at 1.51g/t Au from 36 metres; (13GYRC0034)
42m at 1.56g/t gold from 2m, including 14m at 2.21g/t gold from 5m, 6m at 1.71g/t gold from 22m, and 74m at 3.43g/t gold from 31metres and 14m at 1.57g/t gold from 52metres, including 11m at 1.78g/t gold from 55m; (13GYRC0027)
74m at 1.15g/t gold from 46m to end of hole, including 6m at 1.68g/t gold from 56m, 10m at 1.32g/t gold from 66m, and 22m at 1.35g/t gold from 89m; (13GYRC0035)
Highest individual one ‐metre assays returned:
1m at 21.65g/t gold from 26m and 1m at 5.88g/t gold from 39m; (13GYRC0034)
1m at 10.48g/t gold from 22m; (13GYRC0037) and
1m at 7.54g/t gold from 50m. (13GYRC0025)
“We are extremely encouraged with this discovery at Gruyere and the rapid growth in size that we have experienced in such a short space of time,” Gold Road Resources executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.
“The most northern drill line has delivered the greatest horizontal width (180 metres), together with consistent gold mineralisation from a shallow depth of 10 metres below surface to a maximum vertical depth drilled of 105 metres.
“Given its horizontal width, its consistent mineralisation and the shallow depth we are encouraged that this could develop into a potential bulk mining opportunity.”
Gold Road said it has a further program of RC drilling planned to provide a consistent grid measuring 100m along strike by 40 to 80m across strike over the full 1,200m interpreted potential strike of the Gruyere prospect, which is expected to enable it to complete a detailed geological assessment.
The company explained that previous analysis of existing geophysical data (aeromagnetic) and sparse geochemical data has suggested potential for a repeat unit of the intrusive to continue to the north and east providing a potential parallel zone.
A reconnaissance aircore drilling program has been proposed to test for the extent of the intrusive footprint to the north and east of the current Gruyere prospect area.
Gold Road believes any positive identification of further anomalously mineralisation could open up further exploration potential of the Yamarna Belt.
Email:
perth@goldroad.com.au
Website:
www.goldroad.com.au