What is your professional pick?
Gold Resources is based in Western Australia (WA) and began drilling its 100% owned Gruyere gold deposit in 2013. The region is located 150km east of Laverton in WA, within the northern tenements of the Yamarna Belt, which it now wholly owns.
We’re most excited about exploration drilling in Northern Yamarna, outside of Gruyere, in the following areas:
- Wanderrie is most encouraging, with four advanced targets identified. Management expects to take at least one of these through resource drillout;
- Washburn is an earlier stage target, with high grade coarse gold intersected in 87% of Reverse Circulation (RC) drilling conducted to date; and
- Rickenbacker and Ibanez are even earlier stage, with extensive strike identified, but their progression destiny is contingent on assays from infill aircore (AC) drilling results, before moving onto RC drill targeting.
There are a host of other regional targets being drilled, but way too many to name individually. We are hopeful that 1-3 of these could pay off in the short to medium term.