Gold road resources Ltd (GOLDRoadResources) Announced that the yamana in Western Australia (Yamarna) Gold belt YAM14 Prospect company " One of the best results of reverse circulation drilling " Here from the melted Gruyere (Gruyere) Project only 8 Km.
The drilling was to test 1 High grade mineralization found months, results showed that may exist outside of high grade ore, which will improve the geluyeerjin the economy of mining project and extension of its production life.
6 Drillholes ore the best are:
79 Meters deep prospecting 64 M grade 3.73 G / Tons, including 28 M thick, gold grade 6.5 G / Mineralization of tonnes, and 18 M thick, gold grade 9.78 G / Mineralization of tonnes;
119 Meters deep prospecting 39 M grade 1.52 G / Tons, including 13 M thick, gold grade 2.24 G / Tons, as well as 7 M thick, gold grade 3.55 G / Mineralization of tonnes.
After the drilling, gold was discovered along a strike length of more than 1 Km. Next, the company plans to start diamond drilling, reverse circulation drilling this month, and hopes to further expand the scope of mineralization.
In addition, the drilling results can also help companies calculate the amount of the resources of the area, its results will be announced in the second half.
Gold road resources the company will this year's green space exploration expenses increased to 3000 Million Australian dollars, is mainly used for encryption and the extension drilling, preparing for the open pit mining resource estimation.
The second quarter, the company also plans to invest 650 Million dollars on exploration, and input 3350 Million for melted Gruyere project development.
2014 Years, the gold road resources Ltd was first announced for geluyeerjin mineral resources 384 Million ounces.