Gascoyne Resources Announces Regarding High Grade Intersections from the New Plymouth Prospect

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


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s