Gascoyne Resources Increases New Dalgaranga Gold Discovery

THE CONFERENCE CALLER: Gascoyne Resources (ASX: GCY) welcomed visitors to its booth at the 2022 RIU Explorers Conference after reporting new drilling results from the zone of recently discovered gold mineralisation immediately north of the Gilbey’s open pit, the main ore source at the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources said the new zone, known as Gilbey’s North, has been outlined by shallow RC drilling carried out immediately north of the Gilbey’s pit.

The mineralisation commences from shallow depths (just 1m) and has so far been defined over a strike length of more than 300m, to a depth of almost 200m and over down-hole widths of up to 20m.

“Our on-site geology team continues to deliver consistent drilling results less than one kilometre from the processing facility at Dalgaranga,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“Importantly, the latest drilling results from Gilbey’s North continue to highlight the similarities with the mineralisation styles seen in the main Gilbey’s open pit and, with the closest assay result received so far less than 50 metres from the pit crest, we are growing increasingly confident of the near-term potential to increase resources, reserves and mine life at Dalgaranga.

“The recent addition of a second dedicated RC drill-rig at Gilbey’s North will help us to accelerate the drill-out of what appears to be an important resource extension area in close-proximity to existing mining operations and infrastructure.”