Glenburgh gold project

The Glenburgh gold project is located 250 kilometres east of Carnarvon in the Southern Gascoyne region of Western Australia. The project consists of several strikes situated along a 20 kilometre shear zone, that contains a Measured, Indicated and Inferred Resource of 21.3 million tonnes of gold bearing ore grading at 1.5 grams a tonne, which will return one million ounces of gold.

A Favourable Pre-Feasibility Study Into the Glenburgh Project was Completed in 2013

A Preliminary Feasibility Study into the Glenburgh gold mining project was completed in August, 2013, it determined a viable project could be maintained at the site by mining 12 open pits and an underground operation. The study showed the project would be able to sustain a throughput of 1.2 million tonnes of gold bearing ore able to produce 73,000 ounces of gold a year for over four years.

Gascoyne Resources Limited is Developing the Glenburgh Gold Project

The Glenburgh Project is being developed by Gascoyne Resources Limited, a gold exploration and development company based in Perth. Gascoyne Resources Limited was established in Perth in 2009, as a public company. Since that time it has grown its asset inventory to 2.05 million ounces of gold that is held in three Reserves, all of which have granted mining leases and all are situated in Western Australia. During the December quarter of 2015 Gascoyne Resources completed a mining proposal on the Glenburgh Project, seeking final approval to proceed with mining development of the project. The results of the last program of geochemical drilling of a structural target was also finalised and results will be made available in February, 2016.

The Glenburgh gold project, that is fully owned by Gascoyne Resources Limited, is part of the more than 1,000 square kilometre Glenburgh belt, that is, to date, underexplored yet quite prospective.

Glenburgh Gold Mineralisation Discovered by Helix Resources in 1994

Helix Resources was the first company to discover gold mineralisation at the Glenburgh project site, when, in 1994, it found gold anomalism in the sampling sediment of a regional stream. It then discovered, through soil sampling, that a 20 kilometre long anomalous trend existed at the site. Drilling was then carried out along the trend by Helix Resources, that has, since 2010, been continued by, Gascoyne Resources Limited. Gascoyne Resources has been able to extend the series of gold deposits as well as the project's JORC Resources.

Experts Propose Glenburgh Gold Treatment Plant to use the Carbon-in-Leach Method

Gold mineralisation at the Glenburgh project is mainly hosted in metamorphic host rocks within quartz-feldspar with possible higher grades occurring in silica 'flooded' zones. The Preliminary Feasibility Study completed in 2013, contained contributions from a number of independent consultants who examined several options of reclaiming the gold, mainly based around a carbon-in-leach (CIL) processing plant that would be able to process 1.2 million tonnes or ore a year.