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.

Northern Project Area

First bedrock diamond drilling across the Brahman (Stock Route Camp) and Bloodwood Milestone 2 targets was completed in the June 2019 quarter.

Diamond drilling at Brahman refined the knowledge of lithological and geological controls of the previously intersected bedrock mineralisation with the best intersection returning 2.5 metres at 1.20 g/t Au from 126.5 metres within a >20 metre wide zone of shearing and alteration. Assays from an infill aircore programme to define anomalism are still pending. Further testing of the Brahman target will be dependent on assay results.

At Bloodwood, the first bedrock diamond drill hole established the geological controls to mineralisation beneath a 1.5 kilometre aircore anomaly on the main trend5. The mineralisation is interpreted to represent the northern strike extension of the Golden Highway Shear Zone which hosts mineral resources in excess of 600,000 ounces of gold. Best intersection from the drilling was 1.7 metres at 3.30 g/t Au from 114 metres. Further diamond and RC bedrock testing has been planned for the December 2019 quarter.