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Gascoyne Resources Ltd.
Summary
| Project: | Glenburgh | |
|---|---|---|
| Deposit: | Glenburgh | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-10-2017: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Glenburgh deposit at the Glenburgh project. Drilling results incl. 25m @ 3.3g/t Au from 40m. Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to adv | |
| Resources: | (Resource, Total): 21.3Mt @ 1.5g/t Au for 1.003Moz contained at Project | |
| CP/QP: | [Overall Report]: Mike Dunbar (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to advise that the Company has completed a 32 hole exploration drilling program at the +1.0 million ounce Glenburgh Gold Project in the Gascoyne region of Western Australia, with highly encouraging results received pointing to the potental for future growth in Resources possible through continued epxloration of this very large, and under-explorerd project area. With a Mineral Resource of 21.3Mt @ 1.5 g/t gold for 1.0 million ounces of contained gold already defined at the Glenburgh Gold Project (see Figure 1 & 2 & Table 5), the 100% owned Glenburgh Gold Project provides a significant opporuntity for future growth in production outside of the Company’s near term gold production from the Dalgaranga Project. The drilling program was designed to extend the existing shallow resources, primarily in the central zone of Glenburgh, which contains over 600,000oz of the 1.0 million ounces contained on the property. Initial drill testing was also completed of a number of surface sample anomalies that extend more than 6km North East of the known deposits (see Figure 2). This exploration is being undertaken independently of the development activities at the 100% owned +1.3 million ounce Dalgaranga Gold Project, which is currently in construction. | |
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