viewGold Road Resources Ltd

Eleckra Mines confirms new gold discovery at Hann Prospect


Eleckra Mines (ASX: EKM) has reported the discovery of a new gold zone at the Hann Prospect within its 100% owned Yamarna Gold Project in Western Australia with significant gold assays reported in 4 composite samples.

The Yamarna Project is located approximately 150 kilometres east of Laverton on the eastern edge of the Yilgarn Craton and within the Yamarna Greenstone Belt.

Eleckra has completed thirty-nine shallow reconnaissance RC holes for 2,340 metres over five fences at the southern portion of the 2.8 kilometre long Hann prospect to test high grade gold anomalies in soils. All holes were drilled to a nominal depth of 60 metres.

Results from the remaining 20 holes 10EYRC0044 – 10EYRC0063 returned elevated gold grades in 4-metre composites.

Significant results include: 4 metres at 3.00 g/t Au from 28 metres; 4 metres at 2.95 g/t Au from 32 metres; 4 metres at 1.35 g/t Au from 32 metres; and 4 metres at 1.06 g/t Au from 40 metres.

Anomalous 4-metre composites will be re-sampled to 1-metre intervals and submitted for assay.

Ian Murray, executive chairman, said “I am delighted with the progress being made at our new discovery zones at Central Bore, Hann and Byzantium, which run parallel to the structure hosting the existing Attila gold resource."

The company believes that similarly to mineralisation at Central Bore, mineralisation at Hann has potential to be narrower than 4 metres but with higher grade.

On 15th June, Eleckra announced that it had temporarily suspended the Hann drilling program and moved the drill rig back to Central Bore to test for extensions further to the south.

The rig will likely be returned to Hann once the southern extension of Central Bore has been tested and the 1m re-samples are analysed.

A surface sample from lead elevated gossan near hole 10EYRC0019 returned elevated values of 3.11 g/t Au.

Byzantium represents the third prospect to be tested in the current field season and is already shaping up as a new potential discovery.

Quick facts: Gold Road Resources Ltd

Price: 1.375 AUD

Market: ASX
Market Cap: $1.22 billion

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