Well‐funded mid‐tier gold development and exploration company Gold Road Resources Ltd reports receipt of positive assay results from diamond, reverse circulation (RC) and regional aircore drilling from the 2018 exploration programs on Gold Road’s 100% owned Yamarna project and the 50% owned Gruyere Joint Venture.
Project definition – Yamarna (100% Gold Road) – Gilmour: Infill and extensional drilling in progress designed to support estimation of a Maiden Mineral Resource. Coarse visible gold observed in diamond core and panned from RC samples.
Smokebush: Best results from infill drilling include: 22.24 m at 1.40 g/t Au from 82.17 m, 11 m at 2.27 g/t Au from 47 m and 7 m at 2.92 g/t Au from 165 m.
Yaffler South: Bedrock gold mineralisation confirmed, with visible gold in diamond drilling returning 3.6 m at 3.68 g/t Au from 281 m.
Target generation – Yamarna – Early stage aircore drilling results extended and refined existing gold anomalies 2 at the Hirono and Cronos targets.
Ore reserve development – Gruyere JV (50% Gold Road) – Golden Highway: Drilling as part of PFS returned high-grade results including 3 m at 32.06 g/t Au from 84 m at Montagne and 12 m at 3.54 g/t Au from 15 m at Argos.
Gold Road Executive Director – Exploration & Growth Justin Osborne commented: “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.”