Australia's Gascoyne Resources sees best day in 3-1/2 years on high-grade gold find

Spartan Resources

16/08/2022 05:11

** Shares of Australia's Gascoyne Resources Ltd  GCY.AX 
soar as much as 37% to A$0.37 in their best intraday pct gain
since December 2018  
    ** Gold miner announces discovery of high-grade gold at
Dalgaranga project in Western Australia  urn:newsml:reuters.com:*:nASX3Nq058
    ** Says overall strategy to increase mine life at Dalgaranga
includes drilling across Gilbey, Plymouth, Sly Fox and other
near mine targets
    ** Stock hits highest level since March 23
    ** GCY went on trading halt on Aug. 12 pending announcement
on drill assay from Gilbey's North discovery
    ** Sees busiest trading day on record with more than 11 mln
shares changing hands, compared with the 30-day average of about
561,000 shares 
    ** Stock had fallen 5.3% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))