Announcement Date: 2022-08-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Gascoyne Resources Ltd.
Project name: Dalgaranga
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 32m @ 8.58g/t Au from 167m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Gascoyne Resources Limited (“Gascoyne” or “Company”) (ASX: GCY) is pleased to report standout new drill intercepts from ongoing resource drilling program at the Gilbey’s North prospect, located less than 1km from the 2.5Mtpa processing plant at its 100%-owned Dalgaranga Gold Operations in Western Australia. The significant results reported in this announcement further confirm the consistent width and continuity of the mineral system at the exciting Gilbey’s North near-mine discovery, delineating extensions both down-dip and up-dip of recently reported high-grade intercepts. Of particular significance is the standout intercept in DGRC1026, which has confirmed a significant downdip extension of the record intercept of 54m at 6.55g/t Au from 116m including 12m at 20.1g/t reported in DGRC0971. Ongoing drilling across Gilbey’s North, East and South, as well as Plymouth, Sly Fox and other nearmine targets forms part of the overall strategy to grow Resources and Ore Reserves and extend the mine life at Dalgaranga. Assay results from recent drilling in the Gilbey’s Eastern Footwall and Gilbey’s South are currently being collated and interpreted, and Gascoyne expects to be able to release these results in the next 3 to 4 days.
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