Gascoyne buys gold tenement north-west of Dalgaranga

Gascoyne Resources has acquired a 100% interest in exploration licence E53/2053, near its Dalgaranga gold project, in the Murchison gold mining region of Western Australia. The tenement, which is considered to be highly prospective for gold and base metal mineralisation, was purchased for $100 000 in cash and 475 000 Gascoyne shares escrowed for six months and a further 475 000 shares escrowed for 12 months.