Gold Road's Yamarna Belt is a major new gold region
Gold Road Resources is an emerging gold producer which owns the Yamarna greenstone Belt, a newly discovered gold region covering ~4,200 square kilometres on the Yilgarn Craton, 150km east of Laverton in Western Australia.
Gold Road announced in May 2013 an exploration joint venture with Sumitomo Metal Mining Oceania Pty Ltd (a subsidiary of Sumitomo Metal Mining Co. Limited) for Sumitomo Metal Mining to earn up to 50% interest in Gold Road's South Yamarna tenements, an area covering ~2,120 square kilometres.
The Yamarna Belt is historically under-explored and highly prospective for gold mineralisation. Geologically similar to the prolific Kalgoorlie Gold Belt, the Yamarna Belt has a resource of 1.3 million ounces of gold, hosts a number of significant new discoveries and a strong pipeline of more than 100 gold prospects across the entire region.
Gold Road is prioriting exploration on five of its nine Gold Camp Targets on the Yamarna Belt. Identified in 2012 and 2013 through interpretation of various geological and geophysical data sets, each target has a 15-20 kilometre strike length, approximate area of 80-120 square kilometres and contains numerous prospects. Inital exploration of these targets has been very encouraging.
The first Gold Camp Target drilled tested in 2013 was the South Dorothy Hills Trend which yielded the recent Gruyere and YAM14 gold discoveries. The discoveries, approximately nine kilometres apart and on the same structural trend, approximately 25 kilometres north-east of its more advanced project Central Bore, exhibit two different mineralisation styles not seen before in the Yamarna Belt, and confirm the potential for the Dorothy Hills Trend to host further significant gold deposits.
Gold Road plans to fund exploration through production from it's more advanced projects.