viewGold Road Resources Ltd

Gold Road Resources concludes successful year of exploration in the Yamarna Belt

The company’s primary strategic goal is discovering and developing gold mines at the Yamarna Project.

Course gold panned from drill samples
Course gold panned from drill samples

Gold Road Resources Ltd (ASX:GOR) has received positive assay results from its 2018 drilling programs at the fully owned Yamarna Project and the 50% owned Gruyere Joint Venture, both in Western Australia.

The company is pioneering development of Australia’s newest goldfield, the Yamarna Belt, 200 kilometres east of Laverton.

Drill intersections from across the Yamarna tenements

Yamarna Project 

Infill and extensional drilling is in progress designed to support estimation of a maiden resource. 

Gold Road has observed coarse visible gold in diamond core and reverse circulation samples.

Smokebush target:  Best results from infill drilling include 22.24 metres at 1.40 g/t gold from 82.17 metres and 11 metres at 2.27 g/t Au from 47 metres.

Yaffler South target: Bedrock gold mineralisation confirmed, with visible gold in diamond drilling returning 3.6 metres at 3.68 g/t gold from 281 metres.

Target generation at Yamarna Project

Early stage aircore drilling results have extended and refined existing gold anomalies at the Hirono and Cronos targets.

Ore reserve development at Gruyere Joint Venture

Golden Highway: Drilling as part of pre‐feasibility studies returned high‐grade results including 3 metres at 32.06 g/t gold from 84 metres at Montagne and 12 metres at 3.54 g/t Au from 15 metres at Argos.

Gruyere joint venture infrastructure plan showing mineral resource and ore reserve locations

Gold Road executive director of exploration and growth Justin Osborne said: “At the close of 2018, we look back with satisfaction on a successful year of exploration.

“As planned, we drill tested our 10 highest ranked bedrock targets across Yamarna which led to the discovery of the exciting Gilmour deposit which quickly advanced to the resource assessment stage.

“With visible gold consistently intersected at Gilmour, this project is proving to be predictable and a relatively simple deposit, showing upside both along strike and at depth. 

“As we move into 2019, the exploration team is fully occupied with data review and target assessment.

“We will shortly commence refining our 2019 exploration program, to deliver our primary strategic goal of discovering and developing gold mines on our 100% owned Yamarna Project.”

Quick facts: Gold Road Resources Ltd

Price: 1.81 AUD

Market: ASX
Market Cap: $1.59 billion

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