Gascoyne raises funds for ‘aggressive’ exploration

Gold exploration and development company Gascoyne Resources said on Wednesday that it had completed a bookbuild to raise about A$21.5-million for a regional exploration programme at the Dalgaranga and Glenburgh gold projects, as well as for the development of the Dalgaranga gold mine. The company said it would start an “aggressive” exploration programme at the Dalgaranga and Glenburgh projects, which was aimed at extending the mine life at the Dalgaranga gold mine, expanding the resource base at Dalgaranga and Glenburgh and targeting new discoveries.