Gold Road Resources Confirms Ibanez Mineralisation
THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) greeted delegates to the Diggers & Dealers conference in Kalgoorlie with news of bedrock drilling results from follow‐up diamond drilling at the Ibanez prospect within the Pacific Dunes‐Corkwood Camp.
The Ibanez prospect is located on Gold Road Resources’ 100 per cent-owned North Yamarna tenements, is hosted within the Yamarna Greenstone Belt, approximately 65 kilometres north of the Attila – Alaric Trend.
The recent drilling returned:
17CWDD0015
8.2 metres at 11.63 grams per tonne gold from 229.67m, including 3.33m at 27.48g/t gold from 232.66m.
Gold Road said this hole had confirmed width and grade of high‐grade mineralisation intersected in previous Reverse Circulation (RC) drilling of 10m at 28.67g/t gold from hole 17CWRC0037.
Gold Road had identified Ibanez as its highest priority target for bedrock drill testing during an annual exploration targeting and ranking exercise completed earlier this year, continues to deliver results.
“The Ibanez prospect was identified as our top bedrock drill target for priority testing in our accelerated 2017 drilling program,” Gold Road Resources executive director ‐ exploration & growth Justin Osborne said in the company’s announcement to the Australian Securities Exchange.
“The high‐grade gold results intersected so far, in both RC and diamond drilling, validate our targeting methods and encourage our team to continue their systematic and innovative exploration of the Yamarna Belt.
“Drilling completed so far this year confirms the ranking of Ibanez at the forefront of our activities.
“Our specific focus on completing early diamond drilling in these areas continues to build our understanding of the crucial structural and mineralisation controls of these gold systems.
“This enables us to define the geological framework of our best targets to progress to advanced drilling programs more rapidly.
“Our aim is to discover multi‐million ounce deposits at Yamarna.”
Email: perth@goldroad.com.au
Website: www.goldroad.com.au