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Gascoyne Resources July Production Update

Gascoyne Resources July Production Update

Gascoyne Resources Limited (Subject to Deed of Company Arrangement) is pleased to provide the following update on production results for the month of July 2020:

Dalgaranga gold project:

July Results:

  • A total of 6,893 ounces of gold produced in July, at processed feed grade of 1.0g/t;
  • A total of 233,854 dry tonnes were processed with 92.9% gold recovery;
  • Seventh consecutive month exceeding 6,000 ounces of gold produced, reflecting higher grades accessed from the Gilbey’s Main Zone (GMZ);
  • Approx. 68% of ore processed was sourced from the GMZ, supported by high grade ore (approx. 18% of tonnes processed) from Golden Wings;

Gascoyne June 2020 production update

Autonomous, mixed fleet commissioned at Westgold operations

Gascoyne CEO Richard Hay said “After a seventh consecutive month producing in excess of 6,000 ounces of gold, we are off to a solid start to the FY21 guidance of 70-80koz. We are looking forward to completing the upcoming capital raise to reduce net debt, and provide sufficient working capital to commence drilling and exploration activities with the aim of growing the company.”

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