Gold Road lifts exploration budget

GOLD Road Resources has bumped up its already substantial exploration budget by A$6 million to $33 million.

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Canaccord Genuity analyst Tim McCormack (left) interviewing Gold Road MD Duncan Gibbs as part of the Gold Forum Americas

The additional expenditure on its 100%-owned Yamarna tenements in eastern Western Australia will accelerate drilling of new targets and cover an increase in exploration costs due to high demand.