| Announcement Date: | 2022-10-24 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Gascoyne Resources Ltd. |
| Project name: | Dalgaranga |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 12m at 34.5g/t Au from 397m |
| 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 it has received spectacular new assay results which confirm the scale and importance of the new high-grade Never Never gold discovery, located immediately north of its main operating pit at 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 successfully drilled to define further potential extensions to the resource, including several drill-holes with visible gold and the resource extents remain open at depth. |
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