Australia's Gascoyne eyes best day in nearly 9 months on new drill results

Spartan Resources

22/06/2022 05:32

** Shares of gold explorer Gascoyne Resources  GCY.AX  climb
as much as 19.6% to A$0.275
    ** Stock set to mark best session since Sept. 30, 2021, if
gains hold
    ** Co reports https://www.asx.com.au/asxpdf/20220622/pdf/45b48q60fqlqn0.pdf
 new drill intercepts from the ongoing resource drilling at its
Dalgaranga Gold project in Western Australia
    ** Says the new results confirm the presence of deeper and
materially higher-grade material at Gilbey's North prospect,
part of the Dalgaranga Gold project 
    ** Stock hits highest level since June 3
    ** Volumes are about 6 times their 30-day avg of ~460,000
shares
    ** As of Tuesday's close, GCY down ~19.3% so far this year

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))