The Yamarna Terrane is located 200 kilometres east of Laverton in Western Australia. The Company holds interests in tenements covering approximately 6,000 square kilometres and a strike length in excess of 180 kilometres, providing access to one of the most highly prospective yet under-explored greenstone belts in Western Australia.
The $20 million 2018 exploration programme (100% basis) delivered significant results across the Yamarna Terrane which incorporates the Yamarna and Dorothy Hills Greenstone Belts. Gold Road completed 2,840 diamond, RC and aircore drill holes, for an aggregate total of 147,000 metres. Although overall Yamarna expenditure was 15% lower than budgeted, the full scope of the exploration programme was achieved efficiently and effectively, with the desired outcomes.
Gold Road divides its Yamarna exploration activities into three main areas:
Central Project Area (100% and 50%) – incorporates the Gruyere JV tenements and Gold Road tenements within a 25 kilometre haulage radius from the
Gruyere process plant, primarily focusing on the Gruyere to YAM14 and Golden Highway Deposits
Northern Project Area (100%) – includes the Corkwood (Ibanez), Bloodwood and Stock Route Camp Scale Target areas
Southern Project Area (100%) – includes the Wanderrie (Gilmour), Smokebush, Toppin Hill and Hopwood Camp Scale Target areas
Following review and ranking of the Project Pipeline, an updated project list has been compiled by Milestone stage. A focus on Milestone 3 activity resulted in several Yamarna projects progressing to Milestone 4 for the first time which can now be assessed by resource-level drilling programmes. The total Project Pipeline now has
163 targets identified representing an 18% increase on this time last year.