Gascoyne Resources Commences Aggressive Exploration Drilling Program

THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has kicked off a big exploration campaign across the company’s 2.3 million ounce gold projects in Western Australia.

Gascoyne Resources will carry out some 40,000 metres of aircore drilling at the Dalgaranga gold project to test extensions to the Sly Fox deposit.

Drilling will also be undertaken at the Seagrams prospect, and to test the Greencock prospect and extensions.

Other new targets will also be subjected to testing.

Around 10,000m of RC drilling will follow up and extend exploration results at Greencock, and other anomalous Aircore results.

At the Glenburgh gold project, approximately 10,000m of Aircore drilling will test regional targets alongside 20,000m of RC drilling to improve and extend the existing resource and test new mineralisation.

Auger and Soil Geochemistry will also test extensions of known mineralisation trends.

The Mt Egerton gold project will undergo 5,000m of aircore drilling to provide preliminary testing of a southwest extension to the Hibernian and Gaffney’s shear zones greenfields exploration targets.

“The multi rig exploration drill program has been designed to test a number of the highest priority targets at the 1.3 million ounce Dalgaranga gold project, confirmation drilling at a number of the inferred resources at the 100 per cent-owned 1 million ounce Glenburgh gold project, along with initial drill tests of a number of regional exploration targets and to follow up previous shallow and high grade gold intersections at the Egerton gold project,” Gascoyne Resources said in its ASX announcement.

“The program, funded from the recently completed capital raising, will take approximately six months to complete.”