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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Dalgaranga | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2019: Gascoyne Resources Ltd. announces a Resource Estimation report for its Dalgaranga deposit at the Dalgaranga project. Updated ore reserve at project. Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) provides an updated Ore Reserve E | |
| Resources: | (Reserve, P+P): 16.9Mt @ 0.9g/t Au for 501.8Koz Au contained at Dalgaranga | |
| CP/QP: | [Overall Report]: Neil Rauert (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) provides an updated Ore Reserve Estimate for the Dalgaranga Gold Project. The updated Ore Reserve estimate is 16.9Mt at 0.9 g/t for 501,800 ounces of contained gold. Gascoyne’s internal Mine Planning team has completed an update of the Ore Reserve modelling and estimation. New Ore Reserve estimates for the Gilbey’s area (Gilbey’s, Gilbey’s South, and Sly Fox deposits) and Golden Wings have been completed with close involvement by Mining One throughout the process. The updated Ore Reserve for Dalgaranga (this announcement) has been estimated as at 30 June 2019, based on the new Localised Uniform Conditioning (LUC) Mineral Resource models (ASX announcement dated 28 August 2019). The Ore Reserve estimate was constrained within final pit designs based on A$1,8002 optimised pit shells, whereas previous Ore Reserves were reported within final pit designs based on A$1,600 optimised pit shells. The updated Ore Reserve has been depleted for mining as at 30 June 2019. The updated Dalgaranga Ore Reserve estimate is shown below in Tables 1 and 2. | |
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