Gold Road Resources Provides Yamarna Exploration Update

Gold Road Resources announced that drilling has commenced on  its  $23  million  2018  greenfields  exploration  drilling  campaign  at  Yamarna . Four  drill  rigs  operated  by  Ranger  Drilling  and  DDH1  Drilling  have  commenced  across the prioritised Company projects.

Following completion of our latest exploration targeting project over the summer period, our prioritised drill  programme  aims  to  test  all  the  highest‐ranked  prospects  through  2018.   The majority  of  this  year’s  budget  ($17 million) is allocated to the Company’s 100% owned Yamarna tenements, where drilling has commenced on  a  campaign  designed  to  maximise the  chances  of  discovering  multi‐million  ounce  gold  deposits  capable  of  supporting the development of stand‐alone gold mining operations.  The remainder of the budget ($6 million)  is allocated to exploration on the Gruyere Project Joint Venture (Gruyere JV), a 50:50 joint venture with Gold  Fields Limited, where Gold Road as Manager is  targeting additional high‐margin deposits  to  supplement  the  Gruyere Project Life of Mine schedule.


Commenting on  the 2018 greenfields drilling campaign,  Justin Osborne, Executive Director – Exploration and  Growth,  said: “Our Yamarna Exploration Team  has  done excellent work in  planning a well‐structured  drilling  campaign  for  2018.    Incorporating  the  drilling  data  and  new  geological  interpretations  from  2017,  and  maintaining  our  strict  quality  focus,  we  have  balanced  practicality  with  the  flexibility  required  for  remote  greenfields exploration, while maintaining our continued focus on quality drill targets.  We will intersperse our  main  activities  targeting  new  stand‐alone  discoveries  with  programmes  focussed  on  important  resource  and  reserve development to add high‐margin satellite feed to the Gruyere JV.  With drilling underway, we are now  looking forward to receiving our first assays for the year and continuing the development of the Yamarna Belt as  Australia’s newest gold district.”


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