| Announcement Date: | 2022-01-31 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Gold Road Resources Ltd. |
| Project name: | Yamarna |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Gold Road Resources Limited (Gold Road or the Company) is pleased to report a 0.21 million ounce (70%) increase to its 100% owned Mineral Resources of 6.4 million tonnes at 2.44 g/t Au for 0.51 million ounces, and continued exploration progress on its 100% owned Yamarna Project in Western Australia. Gold Road’s exploration strategy is focused on delivering economic gold deposits that can be developed as standalone mining operations, creating shareholder value through organic growth. Further assay results from the previously reported1 aircore drilling programs at Waffler, Kingston and Beefwood prospects have defined several encouraging regolith anomalies that will be tested with follow-up RC drilling in 2022. 2022 Exploration Budget The 2022 annual exploration budget is $30 million. A total of 160,000 metres is planned for the year, with a focus on advanced RC and diamond drilling, on Gold Road’s 100% owned Yamarna Project. The 100% owned Yamarna Mineral Resource Inventory incorporates updates and extensions to the previously reported Gilmour and Renegade Mineral Resources3, as well as Maiden Mineral Resources from the Smokebush and Warbler Deposits. |
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