Gold Road Resources Limited (ASX:GOR) continues to make good exploration progress at Yamarna in Western Australia.
The exploration programme is focused on defining new targets with aircore, testing areas that have received little exploration to date, while advancing existing targets with RC and diamond drilling in the Southern Project Area. Gold Road’s exploration strategy is directed at delivering economic gold deposits that can be developed as standalone mining operations, creating shareholder value through organic growth.
Smokebush Extensional Drilling
Diamond and RC drilling to test for extensions of mineralisation at the Smokebush prospect have intersected favourable geology and high-grade gold mineralisation. Selected intersections include:
- 3.95 metres at 10.17 g/t Au from 347.35 metres (YMDD00026)1
- 23.20 metres at 2.52 g/t Au from 221.80 metres and 17.00 metres at 5.74 g/t Aufrom 279.50 metres (YMRC00066)
- 4 metres at 13.66 g/t Au from 72 metres (YMRC00064)
- 26 metres at 1.59 g/t Au from 71 metres and 9 metres at 3.60 g/t Au from 128 metres (YMRC00065)
Encouraging Initial RC and Diamond Drilling Results from Abydos
RC and diamond drilling has returned a number of encouraging results from this new target on a mineralised trend that continues to the north of the Kingston prospect. Better results include:
- 15 metres at 3.06 g/t Au from 201 metres (YMRC00053)
- 6 metres at 3.84 g/t Au from 102 metres (YMDD00024)
Strong Regolith Anomalies at Gilmour South, Waffler and Kingston
Further assay results from the previously reported aircore programmes at the Gilmour South, Waffler and Kingston prospects have defined a number of encouraging regolith anomalies that will be tested with follow-up RC drilling this year.
Exploration Budget
The exploration budget for 2021 has increased from $27 million to $33 million. A total of 190,000 metres is now planned for the year.
“Gold Road is committed to making a meaningful discovery at Yamarna,” Managing Director and CEO, Duncan Gibbs, said.
“We are starting to see some strong targets generated and encouraging results returned that highlight the potential of this underexplored greenstone belt. The increased budget will allow us to accelerate our drilling activities on both early stage and later stage exploration.”
For further information please visit: https://goldroad.com.au/
