Gascoyne Resources Limited announced that the Western Australian Department of Mining, Industry Regulation & Safety (DMIRS) has approved the updated Mining Proposal for the Dalgaranga Gold Project in Western Australia, clearing the way for mining of the higher-grade Never Never and Gilbey's North deposits to commence and extend the mining footprint of the Gilbey's East deposit. With this approval in place, Gascoyne expects to commence mining of these areas in November. Since their recent discovery, the high-grade Never Never and Gilbey's North deposits have become a
key target for Gascoyne, supporting the Company's plan to mine higher-grade ore sources to increase the overall head grade at Dalgaranga. The deposits have an initial Mineral Resource Estimate (MRE) of 1.43Mt @ 2.32g/t gold for 107,200 ounces 1 and an Ore Reserve of 0.38Mt @ 1.63g/t gold for 20,000 ounces. Gascoyne has delivered numerous high-grade intercepts outside the Resource and Reserve envelopes, indicating outstanding.