Gascoyne Resources Limited advised of the positive results from RC drilling at the newly named ‘Plymouth’ prospect located just 150m north west from the Sly Fox deposit which is currently being mined at the Company’s Dalgaranga Gold Project in the Murchison of Western Australia (see Figure 1 & 2). As announced on 16 January 2018 a multi rig exploration drill programme designed to test a number of the highest priority targets at the 1.3 million ounce Dalgaranga Gold Project is continuing. This program has already proved a success with these strong results from the new Plymouth prospect and excellent results from the Company’s first drill program at the Greencock prospect.
Follow up RC drilling of the gold zones intersected immediately west of the Sly Fox deposit (ASX announcement April 17, 2018) which included the intersections 3m @ 4.3 g/t gold from 21m to EOH, 5m @ 5.9 g/t gold from 24m, 7m @2.8 g/t gold from 29m and 11m @ 1.5g/t gold from 32m; has led to further significant intersections from the new Plymouth prospect. The new intersections occur 150m north west of the current open pit mining operation at Sly Fox. The initial follow up drill program which is now complete, tested the possibility that the western Sly Fox intersections are related to a higher grade westerly plunging zone of gold mineralisation between the Sly Fox and Gilbeys South deposits. The program also targeted sub parallel structures between the Sly Fox and the Gilbeys South deposits.
The Plymouth high grade intersections; 23m @ 4.1g/t gold from 79m; including 17m @ 5.0g/t gold from 81m and 17m @ 2.8g/t gold from 54m in DGRC382 are related to a north trending and westerly dipping zone defined to date by drilling to be over 150m in length; open to the north and open down dip. Mineralisation is related to quartz veined and silica, pyrite, biotite altered schists (see Figure 3). Drilling was orientated toward the SW (225°) which is now believed to be oblique to the optimum drilling direction and therefore the true widths of the Plymouth mineralised zones are expected to be approximately 10 to 15m wide. Results for a further 40 RC holes completed in the Gilbeys, Gilbeys South – Sly Fox deposit area and the new Plymouth prospect are awaited Infill and extensional RC resource drilling has commenced at the Plymouth and Greencock prospects
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