Gold Road's Yamarna Belt is a major new gold region
Gold Road Resources is an emerging gold producer which wholly-owns the Yamarna greenstone Belt, a newly discovered gold region covering ~5,000 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 ~2,900 square kilometres.
The Yamarna Belt is historically under-explored and highly prospective for gold mineralisation. Geologically similar to the prolific Kalgoorlie Gold Belt and lying north of the 7.9 million ounce Tropicana deposit, the Yamarna Belt has a Mineral Resource of 5.1 million ounces of gold, hosting a number of significant new discoveries including Gold Road's recently announed 3.84 million ounce discovery at Gruyere.
Gold Road is prioritising exploration on six of its ten Gold Camp Targets on the Yamarna Belt. Identified in 2012/2013 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 was the South Dorothy Hills Trend which yielded the Gruyere and YAM 14 gold discoveries. These discoveries, approximately 9 kilometres apart and on the same structural trend, approximately 25 kilometres north-east of Central Bore, exhibits two different mineralisation styles not seen before in the Yamarna Belt, and confirms the potential for the Dorothy Hills Trend to host further significant gold deposits.
The second Gold Camp Target was the Minnie HIll South and is located within the Sumitomo South Yamarna Joint Venture Project.