| Announcement Date: | 2022-10-12 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Gascoyne Resources Ltd. |
| Project name: | Dalgaranga |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 25m at 6.25g/t Au from 233m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Gascoyne Resources Limited (“Gascoyne” or “Company”) (ASX: GCY) is pleased to announce further spectacular assays from near-mine resource drilling at its Never Never gold deposit, within the Dalgaranga Gold Project in Western Australia. Never Never is a high-grade west-striking and steeply-plunging gold deposit discovered while following up wide, high-grade drill intercepts from the earlier Gilbey’s North extension discovery, immediately north of the Gilbey’s open pit at Dalgaranga. The initial Mineral Resource Estimate (“MRE”) of 79,600 ounces for Never Never was released on 8 September 2022. Since announcing the MRE, Gascoyne has completed two RC drillholes with highgrade assays returned outside the MRE envelope1, two diamond drill-holes with logged visible gold in wide mineralised intercepts down-plunge of the MRE, and several other holes awaiting assay |
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