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.

Southern Project Area

During the reporting period, the diamond and RC drilling programme completed at the Gilmour Prospect (Milestone 3 target) extended the mineralisation both along strike and at depth to support an evaluation of a Maiden Mineral Resource. The best intersections included 2.06 metres at 12.40 g/t Au from 357.2 metres and 4 metres at 4.96 g/t Au from 199 metres4. Metallurgical test-work on five RC samples returned encouraging recoveries ranging from 89% to 99%, with 28% to 82% of gold recovered by gravity separation, this was consistent with the abundant free gold observed in drill samples.

Drilling at Morello, to the north of Gilmour, defined several potential new high-grade shoots which remain open at depth. The Morello shoots will be evaluated and ranked against other projects before further work is planned. Best intersections from the diamond and RC drilling included 7 metres at 3.59 g/t Au from 167 metres and 3 metres at 6.80 g/t Au from 123 metres.