Announcement Date: 2022-06-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Gascoyne Resources Ltd.
Project name: Dalgaranga
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 5m @ 38g/t Au from 50m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Gascoyne Resources Limited (“Gascoyne” or “Company”) (ASX: GCY) is pleased to advise that the first round of shallow drilling has intersected multiple significant zones of gold mineralisation in the Eastern Footwall area of the Gilbey’s open pit, the main ore source at its 100%-owned Dalgaranga Gold Project in Western Australia. The drilling has returned a series of high-grade assays, highlighting the potential to delineate significant new mineralisation immediately adjacent to the main operating pit at Dalgaranga and directly below the Eastern Ramp which was previously used to access the pit. The significant new results reported in this announcement represent another important near-mine exploration breakthrough by the Company’s geology team, highlighting the significant opportunity to grow Mineral Resources and Ore Reserves and extend the mine life at Dalgaranga.
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