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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