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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Golden Wings, Plymouth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-3-2019: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Golden Wings, Plymouth deposit at the Dalgaranga project. Drilling results incl. 12m @ 6.8g/t Au from 79m. Mining production rates since the December 2018 quarter a | |
| Resources: | (Resource, Total): 27.1Mt @ 1.3g/t Au for 1096Koz Au contained at Gilbeys | |
| CP/QP: | [Overall Report]: Julian Goldsworthy, Mike Dunbar (Internal) | |
| ABSTRACT: | Mining production rates since the December 2018 quarter and January 2019 operational update (ASX announcement dated 31 January 2019) have been constrained by both drill and blast capacity and ore mining capacity. 2.9M bank cubic metres (BCMs) were mined in January and February (1.5M BCMs and 1.4M BCMs respectively) compared to the life of mine plan (LOMP) targeted monthly production rates of ~1.8M BCMs per month. The December 2018 LOMP budgeted ~1.8 MBCM per month from January to May 2019 reducing to ~1.5M BCM per month for the remainder of CY2019. To address the factors giving rise to the below plan mining productivity two additional blast hole rigs with personnel to operate at least eight drill rig shifts per day, a second explosives loading unit and associated personnel to load up to 30 tonnes of explosives per day are now on site and operational. This provides additional blasting capacity to accelerate the availability and build-up of broken ore stocks. This step change in drill and blast capacity has been required due to the rapid reduction in the proportion of free-dig material. The Company continues to work closely with mining contractor NRW through the mine planning process to ensure that resourcing requirements are communicated well in advance to allow for deployment of the required resources to enable scheduled movements to be met. Poor blasting outcomes from near surface hardcap material in the Gilbeys northern cutback has also impacted productivity, however improvements to blasting practices have more recently seen this issue largely resolved. | |
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