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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Gilbeys | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-7-2016: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Gilbeys deposit at the Dalgaranga project. Drilling results incl. 38m @ 0.9g/t Au from 12m. Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to report | |
| Resources: | (Reserve, P+P): 10.1Mt @ 1.4g/t Au for 442000oz Au contained at Dalgaranga | |
| CP/QP: | [Overall Report]: Julian Goldsworthy (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to report on 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 contains a Measured, Indicated and Inferred Resource of 23.7Mt @ 1.4 g/t gold for 1.05 million ounces of contained gold including an initial Proved and Probable Ore Reserve of 442,000 ounces of gold. As previously announced, an aggressive drill programme is underway at the Dalgaranga Gold Project. The drilling is a combination of RC and aircore exploration drilling at the Hendricks, Beefeater, Vickers, Caorunn and Gilbeys South prospects, and RC and diamond resource drilling, geotechnical and metallurgical drilling at the Gilbeys and Golden Wings Deposits. Gascoyne is pleased to announce that it has received further results from the ongoing drilling programme at the Gilbeys South prospect. These results are summarised below. Gilbeys South Prospect Shallow aircore drilling south of the Gilbeys deposit has intersected significant mineralisation, highlighting the potential for the Gilbeys deposit to extend to over 1650m long, a 50% increase from the current resource length of 1,100m (see Figure 3 & 4 and Table 1 & 2). A total of 55 aircore holes have been completed and have intersected numerious shallow wide zones of gold mineralisation. | |
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