Gold Road Resources Increases Attila Open Pit Resource
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has updated to the Mineral Resource estimate for the Attila Open Pit, located on the Gruyere Joint Venture in Western Australia.
Gold Road is partners in a 50:50 Joint Venture in the Gruyere Joint Venture tenements with Gold Fields Limited.
The JV tenements are situated approximately 30 kilometres west of the company’s Gruyere gold project.
The new JORC C0de 2012-compliant Mineral Resource totals 6,570,900 tonnes at 1.55 grams per tonne gold for 327,300 ounces of gold.
This represents an addition of 103,200 ounces (+46%) compared to the 2015 Resource, with 91 per cent of the Mineral Resource being classified in the Measured or Indicated categories.
Gold Road explained the updated Mineral Resource includes new information derived from 2016 diamond and Reverse Circulation (RC) drilling programs, which contributed to the refinement of the geological understanding at Attila.
“This update reflects the great work of the Gold Road exploration team in application of smart geology and efficient drilling to extend this historic resource,” Gold Road Resources executive director – Exploration & Growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.
“We have more than 14 kilometres of known mineralisation along the Attila-Alaric Trend, of which we are developing a much more detailed understanding.
“Given the success at Attila, and further north at Alaric, we have a high level of confidence that other recognised zones along this Trend may offer similar upside exploration potential.
“It is an exciting time for the Joint Venture as these deposits have the potential to add significant value to the Gruyere project.
“Additionally, we have identified more than 150 kilometres along this same Trend extending into our own 100 per cent-owned North Yamarna project, and the South Yamarna project (a joint venture with Sumitomo).
“Our 2017 exploration programs will be aggressively testing this well-endowed Trend over the coming months.”
Email: perth@goldroad.com.au
Website: www.goldroad.com.au