Gascoyne Resources

Egerton


The Egerton project contains the Hibernian deposit with a Measured, Indicated and Inferred resource of 116,400 tonnes @ 6.4 g/t Au for 24,000 ounces.

There is potential to truck ore from Egerton to the company’s near term development project at Glenburgh, currently in a feasibility study. The economic viability of trucking ore from Egerton to Glenburgh will be evaluated during the option period.

 

Egerton Project: Hibernian Deposit Mineral Resource (2.0g/t Au Cut-off)

Classification

Tonnes

Au g/t

Au Ounces

Measured Resource

32,100

9.5

9,801

Indicated Resource

46,400

5.3

7,841

Inferred Resource

37,800

5.1

6,169

Total

116,400

6.4

23,811

 

Note:  Discrepancies in totals are a result of rounding