Ann: Maiden Sly Fox Resource and Exploration Aircore Results, page-5

Happy to see at least a small article about GCY. (nothing new in the article of course).

Gascoyne Resources delivers maiden gold resource for Sly Fox

Gascoyne Resources delivers maiden gold resource for Sly Fox

Share
08:30 15 Jun 2017
Definite feasibility study for Dalgaranga completed in late 2016.
http://www.*.com.au/thumbs/upload/News/Image/2017_06/757z468_WA-Map-6---757.jpg
The new resource will be added to the development plan
Gascoyne Resources (ASX:GCY) has delivered the maiden resource for the Sly Fox gold deposit within its Dalgaranga Gold Project in the Murchison region of Western Australia.
The maiden resource is 1.5 million tonnes at 1.6 g/t gold for 77,000 ounces of gold.

The addition of this new resource increases the global Dalgaranga Gold Project resource to 31.1 million tonnes at 1.3 g/t gold for 1.31 million ounces of contained gold.
Importantly, this includes proved and probable ore reserve of 552,000 ounces of gold.
The Sly Fox gold deposit is located less than 2 kilometres from the proposed Dalgaranga Gold Project mill.
Gascoyne has completed geotechnical, metallurgical and extensional diamond drilling at Sly Fox to allow for initial pit optimisations, open pit designs and ore reserve estimation.
The maiden resource for the Sly Fox deposit will form the basis for an initial ore reserve, which is expected to be completed in the next few months once the geotechnical drilling data is compiled.
The ore reserve will be integrated into the development plan for the Dalgaranga Gold Project.
Given the higher grade of the Sly Fox resource, it is expected that mining at Sly Fox will be scheduled early in the mine plan, enhancing the early years of the project.
This resource upgrade is another step forward for the Dalgaranga Gold Project since the DFS was completed in late 2016, and demonstrates the potential to further enhance the project.