4 Small-cap Gold Miners – Gold Road Resources, Silver Lake Resources, Perseus Mining and Dacian Gold

High‐grade bedrock mineralisation at Ibanez: Recently, Gold Road Resources Ltd (ASX: GOR) has announced bedrock drilling results from its follow‐up diamond drilling at the Ibanez prospect within the Pacific Dunes‐Corkwood Camp. Diamond drill hole 17CWDD0015 returned an intersection of 8.20 metres at 11.63 g/t Au from 229.67 metres including 3.33 metres at 27.48 g/t Au from 232.66 metres, 20 metres to the north‐west of RC hole 17CWRC0037 (10 metres at 28.67 g/t Au from 240 metres, including 2 metres at 136.57 g/t Au from 240 metres). The hole successfully confirmed the width and grade of high‐grade mineralisation intersected in the Reverse Circulation drilling. The Ibanez prospect, located on the 100% owned Gold Road North Yamarna tenements, is hosted within the Yamarna Greenstone Belt, approximately 65 kilometres north of the Attila – Alaric Trend. Importantly, the prospect was identified as the highest priority target for bedrock drill testing by the company during its annual exploration targeting and ranking exercise while it continues to deliver significant result. The group has also increased its Attila and Alaric Mineral Resources by 55% while Gruyere project has secured production pathway. Though the group faces challenges from gold price volatility, GOR stock has rallied over 21.9% in the last six months while it is up 12.1% in the past one year (as of September 20, 2017).

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