Gascoyne Resources purchases Dalgaranga gold project

Gascoyne Resources has completed the purchase of the Dalgaranga gold project in Western Australia, moving to 100 per cent ownership of the site.

The project is located approximately 65km northwest of Mt Magnet in the Murchison gold mining region of WA, covering the majority of the Dalgaranga greenstone belt.

It contains a JORC measured, indicated and inferred resource of 25.7 Mt at 1.4g/t gold for 1.12 million ounces of contained gold.

In addition, the company has also acquired two separate 80 per cent owned joint ventures on the surrounding exploration exploration licences, which the company believes is highly perspective for additional gold mineralisation.