Gold Road increases Gruyere and becomes totally JORC-2012 compliant

THE DRILL SERGEANT: Gold Road Resources (ASX: GOR) has completed a JORC 2012-compliant update to the company’s 100 per cent-owned Yamarna Belt Mineral Resources.

The company explained that all open pit Mineral Resources are constrained within $1,600 per ounce gold optimised pit shells.

Gold Road made particular note that the update means it no longer reports any JORC 2004 Mineral Resources.

The updated Resource now totals 134.31 million tonnes at 1.41 grams per tonne gold for a total of 6.07 million ounces of gold.

This represents a three per cent decrease in tonnes, an 8 per cent increase in grade and a 7 per cent increase in metal compared to the previous Resource.

The updated Resource also includes 100.03 million tonnes at 1.4g/t gold for 4.5 million ounces in the Measured and Indicated resource categories, representing 74 per cent of the total resource metal.

The company said this mineral Resource is based on an update to the Gruyere deposit and an update of the Attila Trend (Attila and Alaric) Mineral Resources.

Central Bore remains unchanged from the previous estimate.

“I would like to congratulate the Gold Road team on completing the latest Gruyere Mineral Resource for use in our Pre‐feasibility Study, highlighted by a significant grade increase which adds further upside to this very exciting project,” Gold Road Resources executive director Justin Osborne said in the company’s announcement to the Australian Securities Exchange.

“We are also pleased to have updated our entire Yamarna Mineral Resource to JORC 2012 standards, which adds additional rigour and quality to our resource base, and now provides additional resources in the Attila Trend deposits that can potentially contribute to extending the mine life of our Gruyere project.”

Email: perth@goldroad.com.au

Website: www.goldroad.com.au