New reserves but no future plan outlined by Gascoyne's administrators

ADMINSTRATORS of Gascoyne Resources have reported an updated reserve estimate of 501,800 ounces for the Dalgaranga gold project north east of Perth, but scant other details as to the future of the company.

New reserves but no future plan outlined by Gascoyne's administrators New reserves but no future plan outlined by Gascoyne's administrators New reserves but no future plan outlined by Gascoyne's administrators New reserves but no future plan outlined by Gascoyne's administrators New reserves but no future plan outlined by Gascoyne's administrators

The Dalgaranga mill

Reserves are estimated at 16.9 million tonnes grading 0.9 grams per tonne gold.

A gold price of A$1800 per ounce was used, compared to $1600/oz previously.

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