Gold Road Inc. Acquires Gold Road Mine in Arizona

Gold Road Inc. announced the completion of its acquisition of the Gold Road Mine, located in Arizona's historic Oatman District. The company intends to immediately resume operations to take advantage of the current favorable gold market conditions.

The mine features a modern processing plant, substantial infrastructure, and developed underground workings. An estimated US$2 million in capital expenditure is required to recommence operations. The facility is reported to be in excellent condition, facilitating a swift restart. Gold Road plans to utilize a contract mining partner and supplement mill feed from existing historic tailings.

"We are grateful for the outstanding support from our shareholders in this initial round of financing," said Charles Chebry, President of Gold Road Inc. "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."

The company plans to provide ongoing updates regarding the progress of the mine's restart.