Mid-tier miner and explorer Gold Road Resources has confirmed multiple high-grade gold results from its South Yamarna tenements, part of the Yamarna Belt in Yilgarn Craton, Western Australia, returning results of up to 17.45 grams per tonne (g/t).
Drill results from the Smokebush and Wanderrie camps confirm high-grade mineralised zones, with the latter having produced the highest-rated intersections overall.
Promising gold results from Smokebush included 56.24m at 1.95g/t from 98.75m, 5.41m at 4.22g/t from 133.65m and 7.73m at 5.45g/t from 144m, with further results pending.
Wanderrie’s highest returns along a 14km strike of the 124km Supergroup Trend included 2m at 17.45 g/t from 80m, 1m at 17.27g/t from 134m, 5m at 4.5g/t from 140m and 2m at 10.31 g/t from 130m, among several other good grades.
Last week, Gold Road completed a transaction first announced in February to secure 100 per cent of the South Yamarna tenements for $7 million. Previously, the tenements were 50 per cent-owned by Gold Road in a joint venture (JV) with Sumitomo Metal Mining.
The North Yamarna tenements are also 100 per cent-owned by Gold Road, securing the company’s interests in a large swathe of the gold-rich Yamarna Belt, which contains gold resources in excess of 6.8 million ounces (Moz). In addition, Gold Road has a 50 per cent stake in the 6.2Moz Gruyere JV with South African company Gold Fields, 25km northeast of the Yamarna Belt.
Gold Road executive director, exploration and growth Justin Osborne stated that the drilling, the first of its 2018 campaign, had yielded immediate positive results from the Smokebush camp.
“Approximately 15km to the north of Smokebush new zones of high-grade mineralisation, along a 14km strike of the Supergroup Trend [at Wanderrie], also confirmed multiple areas of potential,” he said.
“Understanding the detailed controls in both areas, together with drill testing of high ranking targets at Toppin Hill and Yaffler South, also in this southern area, is likely to identify a district scale opportunity for follow-up drilling later this year.”