Announcement Date: 2022-03-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Gascoyne Resources Ltd.
Project name: Dalgaranga
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 38m @ 2.46g/t Au from 11m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Further to its announcement of 28 February 2022, Gascoyne Resources Limited (“Gascoyne” or “Company”) (ASX: GCY) is pleased to advise that its near-mine exploration strategy at the 100%-owned Dalgaranga Gold Project in Western Australia is continuing to gather momentum, with significant new results received across multiple existing and emerging prospects. The Company has received further spectacular assay results from the significant zone of gold mineralisation discovered immediately north of the Gilbey’s open pit, the main ore source, along with further high-grade results outside the current Mineral Resource envelope at the active Plymouth Open Pit and exciting first-pass results from the Lindville prospect, 8km north of the Dalgaranga plant. The Gilbey’s North target is located less than 1km west of the +2.5Mtpa Dalgaranga processing plant. Since its discovery, a very high percentage of follow-up drill-holes have intersected significant gold mineralisation (see ASX announcements, 8, 17, 24 and 28th February 2022) with the Company well underway with follow-up RC drilling in preparation for a maiden Mineral Resource Estimate (MRE).
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