Corporate Overview
Gascoyne Resources Ltd [ASX code GCY] successfully listed on the Australian Stock Exchange (“ASX”) on 11th December 2009 after raising $5.23 million via the issue of 26 million shares at 20 cents per share.
Gascoyne Resources acquired the following Projects from Helix Resources Ltd [HLX] and Giralia Resources NL [GIR].
| Projects | Description |
| Glenburgh, WA | Current resource 2.4Mt @ 2.6g/t for 203,000 oz gold (Inferred) with gold mineralisation contained within high grade shallow westerly plunging shoots. |
| Mt James, WA | 2.5km strike gold mineralisation based on previous exploration results including costeaning channel sample result 18m @ 2.49 g/t Au and RAB drilling of 14m @ 1.57g/t Au and 4m @ 8g/t Au. |
| Bustler Well, WA | Previous RC drilling returned narrow high grade intersections including 1m @ 37.4g/t Au, 2m @ 9.08 g/t and 3m @ 7.62 g/t. |
| Bassit Bore, WA | Previous rock chip and soil sampling has returned values up to 8.58 g/t Au, and 9250 ppm copper. No previous drilling. |
Gascoyne Resources will initially focus on development options for the existing gold resources, together with drilling programs to increase the gold resource inventory and potential production profiles.
Gascoyne Resources has a strong and complementary Board of Directors with extensive experience in the exploration for, discovery and development of ore bodies, and the successful management of publicly listed companies.
Strategic Vision
- Create shareholder wealth through discovering economic mineral deposits
- Value and encourage our employees in acting in an honest and professional manner
- Support and enhance the communities in which we operate
- Exceed expected environmental and safety standards
- Implement the highest standards of Corporate Governance