Emerging gold play to watch, Gold Road Resources, this morning announced a maiden 3.84M oz gold resource at its Gruyere prospect in WA

Emerging gold play to watch, Gold Road Resources, this morning announced a maiden 3.84M oz gold resource at its Gruyere prospect in WA. Gold Road (ASX: GOR) is one of our long-standing emerging gold exposures. The company has maintained aggressive and focused exploration and appraisal activity with respect to its Yamarna Belt gold project, an underexplored gold region encompassing a vast 5,000 sq km area within Western Australia's Yilgarn Craton. Robust grades and extensive widths of mineralization are key features of the project area and this has translated directly into the release by the company this morning of its initial JORC-compliant resource estimate for its Gruyere prospect, comprising 96.93Mt at 1.23 g/t Au for 3.84 million ounces of contained gold. Gold Road's share price has firmed from a 12-month low of $0.043 during July 2013 to a recent high of $0.34 in Monday's trade - a surge of almost 700%.


1 topic

Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.