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An Exploration Target has been completed for the Never Never gold deposit at the Dalgaranga Gold Project in WA.
The Never Never Mineral Resource Estimate stands at 2.03Mt at 4.64g/t Au for 303,100 oz gold, including an Underground Resource of 0.93Mt at 7.22g/t Au for 216,600 oz gold.
The Company is strongly positioned to establish a sustainable long-term production profile with one of the highest grade and fastest growing new gold discoveries in WA, a 100% owned restart-ready gold processing plant and infrastructure, and a technically strong and focused management team.
Gascoyne Resources has released an updated Mineral Resource Estimate for its Never Never Gold Deposit at the 100%-owned Dalgaranga Gold Project in WA, which shows 303,100 ounces of gold with a grade of 4.64 g/t.
The MRE comprises 157,300 ounces classified as Indicated and 145,800 ounces classified as Inferred.
Additional exploration and infill holes conducted in the December 2022 Quarter have resulted in 52% of the updated Never Never Gold Deposit MRE converting to the higher confidence Indicated Resource classification.