Laneway Resources Limited announced that assay results from the recently completed drilling program at the Sherwood deposit within the Agate Creek Gold Project in North Queensland. The drilling program consisted of 51 shallow Reverse Circulation (RC) drill holes for 1,314m and is part of the final stages of the mine design processes being undertaken in preparation for the start of mining. The Company will incorporate these assay results into the existing resource model which will enable ore block definition to establish key mining areas. Results also confirmed the suitability of the planned waste dump. The proposed mining operations will be undertaken in the area covered by Mining Lease Application (MLA 100030) which has been lodged with Queensland's Department of Natural Resources and Mines (DNRM) over part of the Agate Creek Gold Project. The total area of the MLA is 689.3 Hectares which covers the Sherwood and Sherwood West near surface high-grade prospects along with prospective extensions to the knownmineralisation areas. The Environmental Authority is also in place (EPSL03068015) for the start of proposed mining operations. Landholder Compensation Agreements have been finalised. The grant of the ML will allow the Project to progress towards commencing high-grade (low strip ratio) open cut mining operations at Agate Creek. Utilising an existing processing plant will significantly reduce the capital expenditure, and time to first gold production. A global recoverable Mineral Resource is defined for the Agate Creek Project at a 0.5 g/t Au cut-off suitable for a large open pit operation. Numerous and consistent high-grade intersections encountered with several intersections exceeding 100 g/t gold and grades of up to 564 g/t gold.