Gascoyne continues Apollo and Icon run

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THE DRILL SERGEANT: Gascoyne Resources has continued its successful run of infill drilling results from the Apollo and Icon deposits at the company’s 100 per cent-owned Glenburgh gold project in Western Australia.

The Glenburgh project has a JORC-compliant resource of over 700,000 ounces of gold.

 

Glenburgh project deposit overview and recent drill intersections. Source: Company announcement

 

The company said the results it has received so far, from both deposit areas continue to exceed the expected grades and thicknesses expected from their respective resource models.

Infill drilling results from the western portion of Apollo included:

–    20 metres at 2.7 grams per tonne gold including 3 metres at 11.5 grams per tonne gold; and

–    10m at 3.6 g/t gold, including 3m at 10.4 g/t gold.

“Given the continued success of the infill drilling three deep diamond drill holes have been planned below the Apollo deposit, to test depth potential,” Gascoyne Resources said in its ASX announcement.

Results from the first half of the infill drilling program at the immediately adjacent Icon deposit have also been received.

Results from the eastern portion of Icon Deposit include:

–    10m at 8.6g/t gold, including 3m at 25.8g/t gold;

–    30m at 3.6g/t gold, including 9m at 10.3g/t gold;

–    20m at 1.5g/t gold;

–    50m at 1.1g/t gold;

–    6m at 3.1g/t gold; and

–    3m at 5.1g/t gold.

Gascoyne is awaiting results for a further 35 infill holes at Icon.

“As a result of the identification of a number of high grade pods (up to 45g/t gold) within the Icon deposit, four diamond holes have been planned to test the continuity of the deposit at depth,” Gascoyne said.

The company has also received results from the last two diamond holes completed at Zone 126, which it said confirm the revised interpretation of the plunging shoot of mineralisation, as the lode was intersected in both holes.

Results from Zone 126 included:

–    8.5m at 3.1g/t gold, including 2m at 9.1g/t gold, from 216.5m downhole; and

–    4.1m at 1.1g/t gold from 209.9m.

“A further 6 diamond holes have been planned to test the down plunge continuation of the high grade shoot at Zone 126,” Gascoyne said.

“RC and diamond drilling is continuing, with the two rigs undertaking further infill and extensional drilling in the Icon, Apollo, Zone 102 and 126 deposit areas.”