Gascoyne Resources Limited was listed on the ASX in December 2009 following the amalgamation of the gold assets of Helix Resources Limited and Giralia Resources NL in the Gascoyne Region of Western Australia.
Gascoyne Resources is endowed with:
- 100% of the Glenburgh Project in Western Australia, which has an inferred & indicated resource of: 17.4Mt @ 1.3g/t Au for 703,000 oz gold from several prospects within a 20km long shear zone. Considerable resource growth potential exists around the deposits as well as at regional targets that have had limited exploration over the last 15 years.
- Advanced exploration projects at Mt James where drilling has outlined a +1 g/t Au mineralization over at least 2.5km strike within a 300m thick package of sheared mafic amphibolites and BIFs: and at Bustler Well where previous RC drilling returned narrow high grade gold intersections including 1m @ 37.4g/t Au, 2m @ 9.08 g/t Au and 3m @ 7.62 g/t Au from a 150m long quartz-shear lode.
- At Basit Bore, a number of gold bearing quartz veins have been discovered at the Harrier Prospect with rock-chips samples up to 73g/t. RC drilling of one of these veins has intersected promising gold and silver mineralization. A number of other quartz veins and gold soil anomalies are yet to be tested.
Gascoyne Resources’ focus is to continue the evaluation of the Glenburgh gold deposits and delineate meaningful increases in the resource base. Identification and testing of new exploration targets in the mineralised system is also underway.
The company recently announced (February 6th 2012) the commencement of the Glenburgh Project Feasibility Study,if positive it is expected to result in a resource development project at Glenburgh.
- 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
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] in the Gascoyne Province of Western Australia:
- Glenburgh, WA - Current resource 17.4Mt @ 1.3g/t for 703,000oz gold (Indicated & Inferred) with gold mineralisation contained within shallow westerly plunging shoots in a 20 km long mineralised system.
- Mt James, WA - 2.5km strike gold mineralisation based on previous exploration results including a costean channel sample result of 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.
- A number of gold bearing quartz veins discovered at the Harrier Prospect with rock-chip samples up to 73g/t gold. Drilling has intersected promising gold and silver mineralization.
Advanced Share Registry
Address: 150 Stirling Highway
Nedlands Western Australia 6009
Postal: PO Box 1156 Nedlands Western Australia 6909
Telephone: +61 8 9389 8033
Facsimile: +61 8 9389 7871
Grant Thornton Audit Pty Ltd
Address: Level 1, 10 Kings Park Road
West Perth Western Australia 6005
Telephone: +61 8 9480 2000
Facsimile: +61 8 9322 7787
Head and Registered Office
Office: Level 2, 33 Ord Street
West Perth Western Australia 6005
Postal: PO Box 1449 West Perth Western Australia 6872
Telephone: +61 8 9481 3434
Facsimile: +61 8 9481 0411
The securities of Gascoyne Resources Ltd are quoted on the Australian Stock Exchange under the code: GCY
