Yamarna Belt - Central Bore Trend

Emergence of a Major New Gold Region

Gold Road discovered the important high-grade Central Bore gold trend in 2009. Central Bore's maiden resource was announced in March 2011 and the combined Measured, Indicated and Inferred mineral resource so far totals:

  • 595,000 tonnes at 7.9 g/t gold for a total of 150,300 contained ounces

This includes the high-grade Imperial Shoot containing 77,000 tonnes at 23.1 g/t Au for 57,100 ounces.

The resource is defined along an 800 metre strike length and to a depth of approximately 400 metres below the surface. The auriferous shear zone is known to extend over an 800 metre strike length, is sub-cropping on the northern extent and remains open at depth and down-plunge.

For more details see our announcement dated 18 March 2011.

The Company has discovered numerous high-grade deposits close to Central Bore, including Justinian, Byzantium, Hann, Central Bore North and Central Bore South.

Multiple bonanza-grade assays of up to 1oz/t have been recorded at Central Bore. Further gold in the southern extension of Central Bore has been confirmed and the deposit also remains open to the north.

Mineralisation at Central Bore commences from surface, with multiple parallel veins considered likely. Ongoing metallurgical testwork has generated excellent recoveries and indicated the ore is "free" milling.

Many targets remain at Central Bore which require first pass testing and/or further drilling to determine their significance.