AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
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. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Gold Road Executive Director - Exploration & Growth Justin Osborne said: âWe 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.â
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.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Â
