Exploration

Gold Road is currently focused on developing the Yamarna Belt and exploring a pipeline of high-quality gold prospects across the region.

The Yamarna Belt is located on the world-class Yilgarn Craton in Western Australia, which currently produces over half of Australia’s gold. The Belt’s cover and remoteness means it’s one of the most historically under-explored greenstone belts in Western Australia.

Gilmour-Morello

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The progress made on the Gilmour Deposit in defining high-grade mineralisation over encouraging strike and dip extent has elevated it to highest priority for 2019. Exploration at Gilmour-Morello will commence with step-out framework drilling aiming at scoping the larger scale potential of the mineralised system, with the objective of delivering a maiden Mineral Resource in 2019. If this can be achieved it will be a significant landmark for Gold Road as a first new resource discovered on the Yamarna Terrane since Gruyere.

Best intersections at Gilmour included:

  • 4 metres at 19.61 g/t Au from 111 metres;
  • 8.14 metres at 7.11 g/t Au from 261 metres;
  • 0.62 metres at 117.78 g/t Au from 340.55 metres;
  • 1.78 metres at 29.68 g/t Au from 290 metres; and
  • 19 metres at 2.78 g/t Au from 63 metres.

Drilling on the Gilmour Shear has so far defined gold mineralisation over a 500 metre strike length, a dip extent of 300 metres, and remains open both along strike and at depth. High-grade coarse gold mineralisation is associated with a continuous laminated quartz vein (0.3 to 1.1 metres in width) and mineralised halo (shearing and alteration) as part of the Gilmour Shear for an overall average width of 4 metres downhole.