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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Plymouth, Gilbeys South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-8-2018: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Plymouth, Gilbeys South deposit at the Dalgaranga project. Drilling results incl. 18m @ 2.1g/t Au from 13m. Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX: | |
| Resources: | (Resource, Total): 31.1Mt @ 1.3g/t Au for 1.32Moz Au contained at Dalgaranga | |
| CP/QP: | [Overall Report]: Julian Goldsworthy (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) is pleased to advise of further positive results from infill and extensional RC drilling at the Plymouth prospect located just 150m north west of the Sly Fox deposit; which is currently being mined at the Company’s Dalgaranga Gold Project in the Murchison of Western Australia (see Figure 1 & 2). As announced on 5th June 2018 this drilling is part of an initial infill drilling programme at the Plymouth prospect. Plymouth Drilling between the Gilbeys and Sly Fox deposits has identified the Plymouth prospect, a north north east trending zone of mineralisation (as announced on the 5th of June 2018). The initial drilling intersected gold intervals up to 23m @ 4.1 g/t gold including a higher grade zone of 17m @ 5.0 g/t gold (in DGRC382). The drilling direction from these early holes (angled towards 225°) was not the optimum orientation, as a result the new drilling was undertaken drilling local grid east (135°) which is interpreted to be closer to Gilbeys South RC drill testing of an interpreted structure extending west from the planned Gilbeys South open pit has intersected a very encouraging shallow intersection of 18m @ 2.1g/t gold from 13m including 11m @ 3.1 g/t gold in DGRC445. This intersection is outside the known Gilbeys South deposit and remains open further to the west, where a further 4 RC holes have been drilled to follow up this intersection (Figure 3). Results from this follow up drilling are pending. | |
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