Labrador Gold

Gascoyne Resources Provides Construction Update for Dalgaranga Gold Project

West Perth, WA / November 3, 2017 / JMN Wire / Gascoyne Resources Limited (ASX: GCY) (“Gascoyne” or “Company”) is pleased to provide an update on construction activities at the Company’s 100% owned Dalgaranga Gold Project, which contains a Measured, Indicated and Inferred Resource of 31.1Mt @ 1.3 g/t for 1,320,000 ounces of contained gold, which is inclusive of Proved and Probable Ore Reserves of 14.3Mt @ 1.27 g/t for 581,000 ounces of gold.

Highlights

  • Construction work at Gascoyne’s 100% Dalgaranga Gold Project advancing well on all fronts, with
    first gold production scheduled for Q2 2018, currently on budget and on time
  • Engineering and design of the 2.5Mtpa Process Plant well advanced - 91% complete
  • GR Engineering fully mobilised to site on 1st August, construction activities include:
    • SAG mill foundations - completed
    • CIL tank foundations and bunding - completed
    • CIL Tank erection - 60% complete
    • Steel Fabrication - well advanced
    • Steel Erection - commenced
    • Buried services - underway
    • Installation of mechanical equipment - commenced
    • Workshop and warehouse construction - completed
  • Administration and maintenance office complex installation - completed
  • Tailings storage facility (TSF) lift approximately - 75% complete
  • Water evaporation pond construction - completed
  • Golden Wings water bore and dewatering pipeline - completed
  • Dewatering of Golden Wings underway - 5 months ahead of mining
  • Dewatering of Gilbeys underway - 8 months ahead of mining
  • Access road construction and clearing for the airstrip - completed
  • NRW Holdings nominated as preferred mining contractor - mining to commence in March 2018

Gascoyne Resources 11 3 2017

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Wallbridge Mining

Wallbridge Mining

Wallbridge Mining is establishing a pipeline of projects that will support sustainable 100,000 ounce-plus annual gold production as well as organic growth through exploration and scalability. The Company is currently developing its 100%-owned Fenelon Gold Property, which is located proximal to the Sunday Lake Deformation Zone, an emerging gold belt in northwestern Quebec with an ongoing 100,000 to 120,000 metre exploration drill program in 2020... LEARN MORE