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Gold Road Resources Ltd.
Summary
| Project: | Yamarna | |
|---|---|---|
| Deposit: | Yamarna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 21-2-2018: Gold Road Resources Ltd. announces a Resource Estimation report for its Yamarna deposit at the Yamarna project. Updated Mineral Resources and Reserves for the Yamarna project. Well‐funded mid‐tier gold development and exploration company, Gold | |
| Resources: | (Reserve, P+P): 97.35Mt @ 1.2g/t Au for 3.74Moz contained at Yamarna | |
| CP/QP: | [Resources]: J. Osborne, J. Donaldson, J. Levett (Internal) | |
| ABSTRACT: | Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) presents this update to the Yamarna Mineral Resource and Ore Reserve statement as at December 2017. The Yamarna tenements comprise Yamarna (100% Gold Road) and the Gruyere Project Joint Venture (Gruyere JV) a 50:50 joint venture with Gold Fields Limited (Gold Fields). Gold Road, on behalf of the Gruyere JV, manages the exploration activities. Through 2017, exploration programmes targeted additional high margin deposits to supplement the Gruyere Project. All Mineral Resources and Ore Reserves are currently located within the Gruyere JV (Figure 1) Gold Road is focussed on discovering multi-million ounce gold deposits capable of supporting the development of stand-alone mining operations within its 100% owned Yamarna tenements. The 2018 exploration campaign will focus on the best quality targets giving Gold Road the highest probability to make the next significant discovery. Commenting on the increase to the Ore Reserves, Ian Murray, Managing Director and CEO said “Good technical work completed by the combined Gold Road exploration and Gruyere JV teams has increased the Yamarna Ore Reserve by 6%, providing further growth and value from the Yamarna Belt. Work on the Attila-Alaric Trend has resulted in two Maiden Ore Reserve additions (179,000 ounces) and two Mineral Resource updates, increasing the total Mineral Resource base of the Trend to 596,000 ounces | |
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