For thousands of other reports visit RSC's Mineral Intellingence Map
Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Dalgaranga | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2016: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Dalgaranga deposit at the Dalgaranga project. Drilling results incl. 36m @ 2.3g/t Au from 16m at the Sly Fox discovery. Gascoyne Resources Limited (“Gascoyne” or “ | |
| Resources: | (Reserve, P+P): 13.3Mt @ 1.29g/t Au for 552000oz Au contained at Dalgaranga | |
| CP/QP: | [Overall Report]: Julian Goldsworthy (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to report the discovery of a new gold propspect (“Sly Fox”)and further assay results received from exploration drilling activities at its 80% owned Dalgaranga Gold Project in the Murchison region of Western Australia. The Dalgaranga Gold Project already contains a Measured, Indicated and Inferred Resource of 25.7Mt @ 1.4 g/t gold for 1.12 million ounces of contained gold including Proved and Probable Ore Reserve of 552,000 ounces of gold (see Figures 1 & 2 & Tables 6 & 7 below) , and is to be updated in Q1 CY2017 following announcement of a maiden Resource for the Gilbeys South deposit. Aircore drilling focused on testing structural targets has intersected very near surface and significant downhole thicknesses of gold mineralisation some 600m south of the Gilbeys deposit and 500m south east of the Gilbeys South prospect, at the newly named Sly Fox prospect. Lengthy zones of gold mineralisation have been intersected in 3 consecutive Aircore holes on a single line, with holes approximately 50m apart. Results from 4m composite sampling include 36m @2.3 g/t gold from 16m in DGAC1160 including 16m @ 4.2g/t gold, 39m @ 1.1g/t gold from 8m to EOH in DGAC1159 and 47m @ 0.5g/t gold from surface to EOH in DGAC1158 (Table 1). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report