Gascoyne Resources gains on updated resource estimate at gold project
24/07/2023 04:04
** Shares of Gascoyne Resources GCY.AX jump as much as
12.5% to A$0.225
** GCY says completed updated mineral resource estimate
(MRE) for its Never Never gold deposit, part of the Dalgaranga
gold project in Western Australia
** Says updated MRE shows 721,00 ounces (oz) at 5.58 grams
of gold per tonne, compared to a prior MRE of 303,100 oz at 4.64
grams/tonne
** About 4.4 mln shares change hands, vs the 30-day average
volume of ~2 mln shares
** Stock up 19.6% YTD, as of last close
(Reporting by Harish Sridharan in Bengaluru)
((harish.sridharan@thomsonreuters.com))
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