Australia's Gascoyne Resources climbs on high-grade gold intercept at WA project
24/10/2022 05:11
** Shares of Gascoyne Resources Ltd GCY.AX rise as much as
21.95% to A$0.250, their biggest intraday pct gain since Aug. 16
** The gold miner and exploration co says outstanding new
results received from diamond drilling at the Never Never Gold
Deposit, intersecting visible gold mineralisation down-plunge
and outside the recently released 79,600oz Mineral Resource
Estimate urn:newsml:reuters.com:*:nTUE6BG487
** Co adds 12m @ 34.5g/t gold from 397m, the deepest and
highest-grade intercept at Never Never Gold discovery project in
WA to date
** More than 2.1 million shares change hands, vs the 30-day
average volume of 755,000 shares
** Stock has fallen 28.07% this year, as of last close
(Reporting By Udbhav Krishna P in Bengaluru)
((UdbhavKrishna.P@Thomsonreuters.com))
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