Discovery
Gold Road’s exploration strategy remains directed at delivering economic gold deposits that can be developed as standalone mining operations. This strategy is supported by the Discovery team’s pursuit of technical excellence and effective target testing which aim to create shareholder value through organic growth.
A$30
MILLION
2024 Budget
~14,000
SQUARE KM
Exploration Tenure
Project Pipeline
Anomaly Definition
Framework Drilling
Definition Drilling
Definition Drilling and Studies
Grade Control Drilling and Studies
Gold Road holds approximately over 14,000 square kilometres of exploration tenure across Western Australia and Queensland.
Gold Road continues to evaluate and optimise this large portfolio, with the purpose of creating a high-quality exploration project pipeline that provides significant value to the business.
Yamarna (100% Gold Road)
Gold Road’s exploration activities continue to prioritise key targets within the Southern Project Area, a demonstrably prospective region of the Yamarna Greenstone Belt, which exhibits the fundamental geological elements required for hosting major gold deposits, such as fertile regional structures, prospective host rocks and local structural complexity.
Gruyere JV Exploration
A diamond drilling program commenced in early 2024 as part of the Gruyere Exploration program, and is targeting areas below and to the north of the current Ore Reserve. The program will improve existing drill coverage and upgrade current resource confidence for the assessment of possible extensions to the current Ore Reserve and mine life.
Gruyere JV exploration efforts focused on the Golden Highway Project, located approximately 25 kilometres to the west of the Gruyere mine site. The drilling programs aimed at extending the Indicated Resource categories and has now been completed. Significant economic intersections were received including 7 metres at 15.94 g/t Au, 4 metres at 26.83 g/t Au, 3 metres at 34.55 g/t Au, 0.49 metres at 141 g/t Au, 2 metres at 32.41 g/t Au and 5 metres at 11.45 g/t Au. The encouraging results support feasibility-level studies in preparation for mining operations that are anticipated to commence in 2026.
Mallina West Project (100% Gold Road)
The 242 square kilometre land package within the Mallina Basin, eastern Pilbara adjacent to De Grey Mining’s 10.6 million ounce Mallina Gold project, is largely underexplored.
Exploration activities at the Mallina project thus far in 2023 have focused on conducting RC drilling over priority targets on the western tenement package. Drilling has intersected alteration that is characteristic of known mineralisation elsewhere in the region.
Balter Project (100% Gold Road)
Gold Road acquired the Balter Project, located in the Gascoyne region of Western Australia, earlier in 2024. Two greater than 5 kilometres long gold in soil anomalies have been defined at Salt Well and Mt Madeline, where no historical drilling has been conducted on the tenements. Initial field work by Gold Road has returned exceptional rock chip results of up to 37 g/t Au validating the potential for the project to host high-grade gold mineralisation.
Galloway Project (100% Gold Road)
The Galloway Project, one of several leases in underexplored far-north Queensland, has had its application granted presenting Gold Road with an early mover opportunity. The application was made after completing an Australia wide prospectivity study of gold discovery potential that best fitted the Company’s targeting criteria. These included fundamental principles for gold potential, exploration maturity, mineability and strategic fit.
Greenvale Project (100% Gold Road)
The Greenvale Project is another Queensland lease whose application has been granted and on-ground activities have commenced. The region is host to several gold occurrences and historical gold mining centres such as the Kidston (3.7 Moz production) and Mt Leyshon (3.5 Moz production) gold mines.
On-ground exploration activities have commenced at Greenvale with a focus on mineral system targeting through surface mapping and soils/rock chip geochemistry. Remote sensing and geophysical surveys are scheduled and will assist in delineating a priority target pipeline for follow up drill testing now being planned for 2024.
