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Gascoyne Resources Ltd.
Summary
| Project: | Glenburgh | |
|---|---|---|
| Deposit: | Glenburgh | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2018: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Glenburgh deposit at the Glenburgh project. Drilling results incl. 16m @ 3.0g/t Au from 42m. Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to advis | |
| Resources: | (Resource, Total): 21.3Mt @ 1.5g/t Au for 1.003Moz contained at Project | |
| CP/QP: | [Overall Report]: Julian Goldsworthy (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”) is pleased to advise that the Company has completed a 55 RC 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 indicating extensions to known deposits and highlighting the potential for future growth in resources possible through continued exploration of this very large and under-explored 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 opportunity for future growth in production in addition to the Company’s gold producing Dalgaranga Project. The drilling program was designed to infill, extend and improve the existing shallow Inferred resources at both the Torino and the Thunderbolt (formerly the “South West area”) prospects (see Figures 2 to 6). Torino A total of 44 RC drill holes were drilled over a strike length of 900 metres with results received for 39 holes so far. A total of 28 of these holes intersected significant mineralisation of more than 0.5g/t gold. The drilling intersected broad zones of mineralisation down hole with up to 28 metre wide zones defined. Within these broad zones, narrow but very high grade zones were also identified, with individual assay results up to 27.2 g/t intersected (see Figures 3 & 4). | |
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