Gold Road Resources Limited (ASX: GOR)- Stock Edging Up With News On High-Grade Gold Mineralization Across Yamarna

  • Sep 20, 2018 AEST
  • Team Kalkine
Gold Road Resources Limited (ASX: GOR)- Stock Edging Up With News On High-Grade Gold Mineralization Across Yamarna

Gold Road Resources Limited today released the drilling results from Yamarna Greenstone Belt located at Yilgran Craton in Western Australia for the quarter ending September 2018. In an exploration of gold deposits from across the wholly owned Yamarna tenements, the company found high-grade gold mineralization in more than 12 bedrock prospects including the projects at Tamerlane and Toppin Hill Camp in Southern area and Ibanez, Stock Route and Bloodwood camp in the Northern region of Yamarna.

Gold Road discovered that Tamerlane Trend has a strike length of more than 8 kilometres of defined gold anomalism with 3 m at 34.07 g/t Au from 111 m and 1 m at 98.56 g/t Au from 111 m. Whereas the Toppin Hill Camp in South continued to deliver milestone 3 bedrock drilling results from a 10 km strike length of the Yamarna Shear Zone. From three of the five diamond holes and 27 RC holes, the intersection resulted into 2 m at 12.04 g/t Au from 124 m at Toppin Hill and 8 m at 2.77 g/t Au from 179 m at Breelya.

In an exploration of high grade gold prospects pipeline from Northern region of Yamarna, the company found that Ibanez prospect intersected visible gold and high-grade mineralisation over narrow widths observed in diamond core returns 1.5 m at 18.32 g/t Au from 134.08 m and 2 m at 10.89 g/t Au from 181 m. Meanwhile, the first four hole reverse circulation programme at Stock route confirmed gold bedrock intersection over a 2.5 Km strike length with 2 m at 3.92 g/t Au from 92 m.

In bloodwood camp, a 279 hole aircore programme advanced the area while it was confirmed that low-level anomalism over a 5 km strike length is open to the north and south.

In the same announcement, the company also highlighted the Pre-feasibility infill and extensional bedrock drilling at Gruyere Joint Venture, 50% owned by GOR. The results confirmed the continuity of mineralisation and has identified the potential resource growth with best intersections of 3 m at 18.05 g/t Au from 137 m at Argos and 9.16 metres at 2.89 g/t Au from 77 metres at Montagne.

It has been told that first pass full-field aircore drilling has commenced at Romano to the north of Gruyere on a 35 km untested strike length of the eastern Dorothy Hills Greenstone Belt. 

Gold Road Executive Director - Exploration & Growth Justin Osborne said: “We are also excited to have commenced first pass drilling on our high-priority Romano Camp Scale Target, directly along strike from the Gruyere Deposit, and to continue building our exploration portfolio.”

Gold Road Resources is expected to do further work including diamond and reverse circulation bedrock testing, geological modeling and evaluation of gold mineralisation with the next stage of drilling to be planned. Whereas the drilling assays remain pending at Smokebush and Gilmour-Morella.

With the announcement of gold exploration update, GOR edged up by 0.323% to $0.622 on 20 September 2018 (1:27 PM AEST). Also, the stock has seen a performance change of -9.49% over the past one year.

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