Gold Road unveils maiden JORC resource

Gold Road Resources has announced a maiden JORC-compliant resource at its Yamarna gold project in the eastern Goldfields.

The company said drilling results had revealed 595,000 tonnes at 7.9 grams of gold per tonne, giving it a total of 150,300 contained ounces.

Gold Road executive chairman Ian Murray said the release of the maiden resource reinforced the company's confidence that the Yamarna Greenstone belt would be developed into a significant gold-producing region.

"With many targets in the vicinity of the Central Bore Project, such as the recently discovered Justinian prospect located 200 metres east of Central Bore and Central Bore North located 500 metres away, we are preparing to fast track a development schedule."

At 12:10PM (WST) Gold Road Resources shares were steady at 41 cents.