Gascoyne Resources Scores Assays Results Outside Never Never MRE
THE DRILL SERGEANT: Gascoyne Resources (ASX: GCY) has continued to produce encouraging drilling results from the company’s Dalgaranga gold project in Western Australia.
Gascoyne Resources reported the latest assay results received from ongoing resource and exploration drilling at Dalgaranga, results from which have provided further insights into the potential scale, significance, and growth upside of the Never Never gold deposit.
These assays have demonstrated high-grade mineralisation 110 metres below the current Mineral Resource Estimate (MRE) boundary.
This recent drilling targeted and tested the extremities of the Never Never gold deposit system where the company is looking to ascertain where the edges of this new system are for an upcoming MRE update.
“We have another deep mineralised intercept with visible gold well below the current resource in DGRC1204-DT, with significant infill results within the deeper part of our upcoming resource update in DGRC1185-DT, there continues to be good widths and grades outside the resource to the south in DGRC1210 and at depth in DGDH033 and DGRC1194-DT illustrating that this mineralised system appears to be improving with depth, and to top that another solid high-grade hit, 10 metres at 12 grams per tonne gold in the pre-collar of DGRC1183-DT,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.
“The deepest drill-hole assayed so far at Never Never returned an incredible 29 metres at 11.09 grams per tonne gold from over 400 metres downhole and now we get 10 metres at 12 grams per tonne from 237 metres in the same hole!
“To add to the growing high-grade Never Never system and the nearby high-grade prospects being discovered, the company is drilling the deepest hole yet into Never Never targeting 550-600 metres down-plunge to test the depth extension.
“The company is also drilling several high-priority high-grade targets in the near vicinity of Never Never and will provide an update as that work progresses.
“The exploration team is not resting on the Never Never discovery, but looking to take what has been learned and test other high-grade opportunities in and around the Dalgaranga mill as quickly as possible.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE