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Gascoyne beefs up WA gold resource to over 243,000oz

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Matt BirneySponsored
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ASX-listed Gascoyne Resources has tabled a bumper updated mineral resource estimate for its newly acquired Yalgoo gold project about 60 kilometres west of its Dalgaranga gold operations in the Murchison region of Western Australia. The 24 per cent increase in gold resources lifts the indicated and inferred resource at the project to 5.238 million tonnes at 1.45 grams per tonne gold for 243,613 ounces of the precious yellow metal.

According to the company, the increase is driven primarily by a maiden mineral resource estimate for the Applecross deposit that boasts an inferred resource of 43,611 ounces grading 1.36 g/t gold with a 0.7 g/t cut-off.

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