Gold Road Resources receives positive assay results from its ongoing 2018 exploration across the Yamarna Greenstone Belt and Gruyere joint venture (JV).
The Yamarna Belt is Australia’s newest goldfield 200km east of Laverton in Western Australia. Gold Road holds under-explored tenements of 6000 square kilometres in the region.
A 50:50 JV with Gold Fields, the Gruyere project hosts one of Australia’s largest undeveloped gold deposits 25km north-east of Gold Road’s Yamarna Belt discovery, Central Bore. Gold Road is responsible for its exploration.
Gold Road executive director – exploration and growth – Justin Osborne said, “Our ongoing exploration programmes have tested more than 12 bedrock prospects confirming high-grade gold mineralisation providing encouragement to plan follow-up framework-style drilling programmes. In addition, our first ever drilling at Bloodwood has identified a new regional anomaly.
“Finally, new high-grade hits at Stock Route and Tamerlane and successful resource drilling on the Gruyere JV projects means we are delivering value in all stages of our project pipeline.”
Several highlights from the Yamarna project included multiple intersections of high-grade bedrock mineralisation and new gold anomalies in its southern prospects, Tamerlane and Toppin Hill.
Tamerlane’s high-grade bedrock intersections from the 8km strike length included 3 metres at 34.07 grams per tonne (g/t) from 111 metres. The Toppin Hill intersections from the 10km strike length included 2 metres at 12.04g/t of gold from 124 metres.
Follow-up RC and diamond drilling is ongoing at Gold Road’s Smokebush and Gilmore projects. Its results are expected for a release in the December 2018 quarter.
Gruyere is scheduled to pour first gold in June 2019.