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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Gilbeys, Golden Wings | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-6-2016: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Gilbeys, Golden Wings deposit at the Dalgaranga project. Drilling results incl. 69.49m @ 1.12g/t Au from 278.15m at Gilbeys. Gascoyne Resources Limited (“Gascoyne” | |
| 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 and feasibility 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 (see Figure 1 & 2 & Table 4 & 5). As announced to the ASX on May 24th and June 9th 2016, an aggressive drill programme is underway on site at the Dalgaranga Gold Project. The drilling is a combination of regional RC and Aircore exploration drilling at the Hendricks, Beefeater, Vickers, Caorunn and Gilbeys South prospects, as well as RC and diamond resource drilling at the Gilbeys and Golden Wings Deposits (see Figure 2). Gascoyne is pleased to advise that it has received further results from this drilling programme at the Gilbeys deposit and Gilbeys South prospects, and the Golden Wings deposit. | |
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