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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Dalgaranga | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2019: Gascoyne Resources Ltd. announces a Resource Estimation report for its Dalgaranga deposit at the Dalgaranga project. Updated mineral resource estimate for project. Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) provides an update | |
| Resources: | (Resource, Total): 28.2Mt @ 0.89g/t Au for 802.5Koz Au contained at project | |
| CP/QP: | [Resources]: Michael Job, Michael Millad, Scott Dunham (Cube Consulting Pty Ltd.;SD2 Pty Ltd.) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) provides an updated Mineral Resource Estimate for the Dalgaranga Gold Project. The updated Mineral Resource estimate is 28.2Mt @ 0.9 g/t for 803k ounces of contained gold. Including the Glenburgh project (1.0Moz, see announcement 24th of July 2014), the Combined Total Company Mineral Resource now stands at 1.8Moz of contained gold. An updated Ore Reserve and LOMP for Dalgaranga is being developed, based on the new LUC Resource model focussing on accessing the Gilbey’s Main ore zone as soon as practicable, with mine sequencing and processing schedules that maximise value. The updated Ore Reserve is expected in early September 2019. Gascoyne engaged independent consultants to update the Mineral Resource modelling and estimation. New Mineral Resource estimates for the Gilbey’s area (Gilbey’s, Gilbey’s South, Sly Fox and Plymouth deposits) have been completed by Cube Consulting Pty Ltd (Cube). The updated Golden Wings deposit model and Mineral Resource estimation was completed by SD2 Pty Ltd (SD2). The Mineral Resource is reported within a A$2,4002 optimised pit shell, whereas previous Mineral Resources were reported unconstrained. | |
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