Gold Road Inc. is pleased to announce that it has completed the acquisition of the fully permitted
Gold Road Mine, located in the historic Oatman District of Arizona, USA. The Company plans to
restart activities immediately in order to capitalize on the current strong gold price environment.
The Gold Road Mine features a modern processing plant, robust infrastructure and developed
underground mine, requiring an estimated US$2 million in capital expenditures to resume
operations. The mine remains in excellent condition, positioning the project for a swift and efficient
restart. Gold Road intends to engage a contract mining partner and will supplement mill feed with
material from historic tailings.
Figure 1: View of the infrastructure including the modern processing plant at Gold Road.
Charles Chebry, President of Gold Road Inc., commented: “We are grateful for the outstanding
support from our shareholders in this initial round of financing. We are excited to unlock the full
potential of the Gold Road project and are proud to bring meaningful employment and investment
back to the Oatman District along Route 66.”
For a detailed insight into the project, we invite shareholders and interested stakeholders to view a comprehensive video tour by S.B. Media.
Gold Road Inc. looks forward to providing regular updates on progress throughout the restart.
