Gold Road puts Yamarna assets on track for expansion

The Gruyere site. Image: Gold Road Resources.

Gold Road Resources has revealed positive assay results from its exploration program at the Yamarna gold project in Western Australia as it works towards delivering a maiden mineral resource at two prospects.

The company launched a $23 million greenfields exploration drilling campaign in April across its primary projects, which include the 100 per cent-owned Yamarna and 50 per cent-owned Gruyere joint venture (JV) project with South African company Gold Fields in the Eastern Goldfields region of WA.

Gold Road’s mineral resource at Yamarna stands at 6.6 million ounces, including 5.8 million ounces at Gruyere and an ore reserve of 3.9 million ounces.

Set for first pour in the June quarter, Gruyere is expected to produce up to 120,000 ounces in its initial year and then 300,000 ounces a year for the remainder of its 12-year production life.

The company is aiming to unlock further potential from its 100 per cent-owned Yamarna project. Yamarna comprises the northern region (the Gilmour and Morello prospects) and southern region (the Brahman and Bloodwood prospects).

Drilling at the Gilmour prospect returned positive assays, including 2.06 metres at 12.4 grams of gold a tonne, seven metres at 2.2 grams of gold a tonne and four metres at 4.96 grams of gold a tonne.

The Morello deposit also returned positive results, including seven metres at 3.59 grams of gold a tonne and three metres at 6.8 grams of gold a tonne.

Gold Road executive director – exploration and growth Justin Osborne said the company’s 2019 drilling round had given the company a greater understanding of Yamarna’s Gilmour and Morello prospects.

The company was now applying to make further discoveries along the same trend, he added.

“At Morello we identified several potential shoots to be assessed with further drilling,” Osborne said.

“We are embarking on a new drilling programme at Gruyere to allow us to further optimise and increase the near term value to be delivered from the mine as we edge closer to our initial gold pour and subsequent commercial production.”

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