Gold Road Resources Limited (ASX: GOR)- Stock Edging Up With News On High-Grade Gold Mineralization Across Yamarna

  • Sep 20, 2018 AEST
  • Team Kalkine
Gold Road Resources Limited (ASX: GOR)- Stock Edging Up With News On High-Grade Gold Mineralization Across Yamarna

Gold Road Resources Limited today released the drilling results from Yamarna Greenstone Belt located at Yilgran Craton in Western Australia for the quarter ending September 2018. In an exploration of gold deposits from across the wholly owned Yamarna tenements, the company found high-grade gold mineralization in more than 12 bedrock prospects including the projects at Tamerlane and Toppin Hill Camp in Southern area and Ibanez, Stock Route and Bloodwood camp in the Northern region of Yamarna.

Gold Road discovered that Tamerlane Trend has a strike length of more than 8 kilometres of defined gold anomalism with 3 m at 34.07 g/t Au from 111 m and 1 m at 98.56 g/t Au from 111 m. Whereas the Toppin Hill Camp in South continued to deliver milestone 3 bedrock drilling results from a 10 km strike length of the Yamarna Shear Zone. From three of the five diamond holes and 27 RC holes, the intersection resulted into 2 m at 12.04 g/t Au from 124 m at Toppin Hill and 8 m at 2.77 g/t Au from 179 m at Breelya.

In an exploration of high grade gold prospects pipeline from Northern region of Yamarna, the company found that Ibanez prospect intersected visible gold and high-grade mineralisation over narrow widths observed in diamond core returns 1.5 m at 18.32 g/t Au from 134.08 m and 2 m at 10.89 g/t Au from 181 m. Meanwhile, the first four hole reverse circulation programme at Stock route confirmed gold bedrock intersection over a 2.5 Km strike length with 2 m at 3.92 g/t Au from 92 m.

In bloodwood camp, a 279 hole aircore programme advanced the area while it was confirmed that low-level anomalism over a 5 km strike length is open to the north and south.

In the same announcement, the company also highlighted the Pre-feasibility infill and extensional bedrock drilling at Gruyere Joint Venture, 50% owned by GOR. The results confirmed the continuity of mineralisation and has identified the potential resource growth with best intersections of 3 m at 18.05 g/t Au from 137 m at Argos and 9.16 metres at 2.89 g/t Au from 77 metres at Montagne.

It has been told that first pass full-field aircore drilling has commenced at Romano to the north of Gruyere on a 35 km untested strike length of the eastern Dorothy Hills Greenstone Belt. 

Gold Road Executive Director - Exploration & Growth Justin Osborne said: “We are also excited to have commenced first pass drilling on our high-priority Romano Camp Scale Target, directly along strike from the Gruyere Deposit, and to continue building our exploration portfolio.”

Gold Road Resources is expected to do further work including diamond and reverse circulation bedrock testing, geological modeling and evaluation of gold mineralisation with the next stage of drilling to be planned. Whereas the drilling assays remain pending at Smokebush and Gilmour-Morella.

With the announcement of gold exploration update, GOR edged up by 0.323% to $0.622 on 20 September 2018 (1:27 PM AEST). Also, the stock has seen a performance change of -9.49% over the past one year.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.



All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK