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Gascoyne Resources Ltd.
Summary
| Project: | Dalgaranga | |
|---|---|---|
| Deposit: | Tanqueray | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2018: Gascoyne Resources Ltd. announces an Exploration/Drilling Update report for its Tanqueray deposit at the Dalgaranga project. Drilling results incl. 8m @ 373.5g/t Au from 53m. Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) is plea | |
| Resources: | (Resource, Total): 31.1Mt @ 1.3g/t Au for 1.32Moz Au contained at Dalgaranga | |
| CP/QP: | [Overall Report]: Julian Goldsworthy, Mike Dunbar (Internal) | |
| ABSTRACT: | Gascoyne Resources Limited (“Gascoyne” or “Company”)(ASX:GCY) is pleased to advise that the first ever RC drilling at the Tanqueray prospect, only 1.8 km north of Gascoyne’s mill at Dalgaranga, has intersected significant very high grade visible gold mineralisation. Commenting on the drilling, Gascoyne’s Managing Director Mr Mike Dunbar said: “We are pleased to have discovered a zone of ultra high grade gold mineralisation at Dalgaranga. This intersection is by far the highest gold grades ever identified at Dalgaranga and highlights the potential for a completely different style of mineralisation to the known 1.3 million ounce resource, which is currently being mined only 1.8km to the south of Tanqueray. While the full significance of the discovery is yet to be fully understood, it is clear that the potential of the Dalgaranga greenstone belt, which is ~90% held by Gascoyne, is yet to be fully appreciated. We look forward to undertaking the follow up drilling as soon as practicable, while remaining focused on the ramp-up to commercial production of the current mining operations.” | |
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