Mid‐tier gold producer and exploration company Gold Road Resources (ASX:GOR) reports the first 100-percent company‐owned resource addition since the Gruyere Joint Venture
(Gruyere JV). The mineral resource of 3.5 million tonnes at 2.62 g/t Au for 297,600 ounces1 was estimated using an A$1,850 per ounce gold price assumption.
As quoted in the press release:
Gold Road Executive Director ‐ Exploration & Growth Justin Osborne commented: “The Maiden Mineral Resource for Gilmour represents the first gold deposit identified at Yamarna outside of the original discoveries on the Golden Highway, and our Gruyere discovery which is now being mined in Joint Venture with Gold Fields. The significance in being the third largest, and second highest grade deposit so far discovered at Yamarna is considerable. The relatively high‐grade demonstrates a diverse endowment consistent with our belief in the Belt having potential to host multiple deposits varying in style, size and grade as seen in other major Greenstone Belts in Western Australia ‐ the main difference at Yamarna is it remains significantly underexplored. We are now applying the improved understanding from our Gilmour exploration programme to assist our ongoing targeting of >1 million ounce deposits on the considerable Yamarna tenement holding.”