"In addition, Gold Road intends to undertake targeted framework drilling on several smaller deposits that did not meet the size criteria set by the South Yamarna JV.
As part of the Regional Co-operation Arrangement with Gold Field's subsidiary, Gold Road has the right to toll treat ore on commercial terms at the Gruyere project's processing plant. This right will extend to 100% of Gold Road's interest in the South Yamarna project tenements and potentially enable smaller size deposits to be economic.
Positive results from these programmes could see rapid progress to infill and extensional programmes targeting new gold resources in this exciting project area, Murray commented.
EDITED BY: Mariaan Webb.
GOR Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)