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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Gilbeys | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2018: Gascoyne Resources Ltd. announces a Resource Estimation report for its Gilbeys deposit at the Dalgaranga project. Update mineral resource estimate at Gilbeys deposit. Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) is pleased to | |
| Resources: | (Resource, Total): 27.1Mt @ 1.3g/t Au for 1096Koz Au contained at Gilbeys | |
| CP/QP: | [Resources]: Shaun Searle (Ashmore Advisory Pty Ltd.) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) is pleased to provide an operational update on the Dalgaranga Gold Project. SAFETY Pleasingly the project remains Lost Time Incident (LTI) free, since the commencement of construction activities in April 2017 (605 days LTI free to the 26 November2018). MINING RAMP UP Mining production rates have reduced since the end of October due to both weather and tighter mining conditions. A 1 in 20 year rain event (52mm in 12 hrs) effectively closed all three pits for 24 hours and has had a continuing effect over the last two weeks due to saturated ground conditions. An estimated 130,000 to 150,000 BCM of total material movements has been lost from that weather event. Ore mined for the month to date (26 November) is 176 kt at 0.98 g/t for 5,531 contained ounces. The rain event on 10th November impacted ore mining particularly in the higher grade central section of the Golden Wings pit and at the southern end of the Gilbeys pit (figure 1). Mining in Sly Fox has also been delayed this month while testwork is completed on potentially reactive materials in both ore and waste. The testwork has successfully shown we can continue to use the standard emulsion product with blasting commencing again in the coming week. | |
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