Well-funded mid-tier gold development and exploration company Gold Road Resources (ASX: GOR) has delivered an early Christmas present to shareholders with confirmation of visible gold recovered during drilling at its Gilmour deposit, south-west of the six-million ounce Tier 1 Gruyere gold mine development. Assays from the latest round of drilling at Gilmour are pending, and once received will be used to support a potential maiden mineral resource estimate. The Gilmour update was contained in Gold Road’s end-of-year wrap-up of drilling activities across the Yamarna Belt in the north-eastern Goldfields.
Well‐funded mid‐tier gold development and exploration company Gold Road Resources Limited (Gold Road) reports receipt of positive assay results (Figure 1 and Table 1) from diamond, reverse circulation (RC) and regional aircore drilling from the 2018 exploration programmes on Gold Road’s 100% owned Yamarna Project and the 50% owned Gruyere Joint Venture (Gruyere JV).
PROJECT DEFINITION – YAMARNA PROJECT (100% GOLD ROAD)
Gilmour: Infill and extensional drilling in progress designed to support estimation of a Maiden Mineral Resource. Coarse visible gold observed in diamond core and panned from RC samples.
Smokebush: Best results from infill drilling include: 22.24 metres at 1.40 g/t Au from 82.17 metres (18SMDD0013), 11 metres at 2.27 g/t Au from 47 metres (18SMRC0022), and 7 metres at 2.92 g/t Au from 165 metres (18SMRC0016).
Yaffler South: Bedrock gold mineralisation confirmed, with visible gold in diamond drilling returning 3.6 metres at 3.68 g/t Au from 281 metres (17SYRC0107).
TARGET GENERATION – YAMARNA PROJECT (100% GOLD ROAD)
Early stage aircore drilling results extended and refined existing gold anomalies at the Hirono and Cronos targets.
ORE RESERVE DEVELOPMENT ‐ GRUYERE JV (50% GOLD ROAD)
Golden Highway: Drilling as part of Pre‐feasibility Studies returned high‐grade results including 3 metres at 32.06 g/t Au from 84 metres (18ALRC0325) at Montagne and 12 metres at 3.54 g/t Au from 15 metres (18ALRC0376) at Argos.
Gold Road Executive Director ‐ Exploration & Growth Justin Osborne commented: “At the close of 2018, we look back with satisfaction on a successful year of exploration. As planned, we drill tested our 10 highest ranked bedrock targets across Yamarna which led to the discovery of the exciting Gilmour deposit which quickly advanced to the resource assessment stage. With visible gold consistently intersected at Gilmour, this project is proving to be predictable and a relatively simple deposit, showing upside both along strike and at depth.
As we move into 2019, the exploration team is fully occupied with data review and target assessment. We will shortly commence refining our 2019 exploration program, to deliver our primary strategic goal of discovering and developing gold mines on our 100% owned Yamarna Project.”
 Diamond and RC intersections reported at 0.5 g/t cut‐off including up to 2 metres of samples below that cut‐off, aircore intersections reported at 0.1 g/t cut‐off including up to 4 metres of samples below that cut‐off, unless otherwise stated. Refer Tables in Appendices for individual grades >10 g/t Au. All intersections reported uncut.
 Aircore anomaly defined by 10 to 20 ppb Au contour and geological continuity.