Gascoyne Resources has flagged a successful operational performance at its Dalgaranga gold project in Western Australia ahead of the December quarter’s conclusion.
Since the start of 2020, Dalgaranga has consistently produced six thousand ounces of gold per month, with the project on track to achieve its 2021 financial year guidance of 70,000 to 80,000 ounces at an all-in sustaining cost of $1200 to $1300 per ounce.
To date, unreconciled production is at 9364 ounces of gold for this quarter, with full reconciled results to be provided in January.
Gascoyne recently commenced a 4000-metre RC drilling program at Dalgaranga, and has also finished a four hole program at its Sly Fox deposit with results expected before the end of the year.
Gascoyne managing director and chief executive officer Richard Hay said the company was confident in Dalgaranga’s future potential.
“Operational performance at Dalgaranga continues to track in line with our expectations. This consistency continues to build our confidence in the future performance of the asset,” he said.
“From this base of operational stability, we are now able to increase our resource extension and exploration drilling. We will have a second drill rig on site this week systematically testing opportunities to extend the current seven year life of the project.”
Gascoyne is expected to mobilise an airforce rig to start testing its Tanqueray and Lindville targets this week.