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In ThE fAST lAnE fOR A nAME chAnGE TuRnInG uP ThE GAS AT GIlBEY’S nORTh

The soon-to-be-renamed Laneway Resources Ltd continues to Gascoyne Resources Ltd managing director Simon Lawson
turn up high-grade results from ongoing drilling at its Agate Creek believes the Gilbey’s North discovery is shaping up as a “real game-
gold project in North Queensland. changer” for the company at its Dalgaranga mine, with the latest
Laneway reported significant hits at the Sherwood deposit results demonstrating the continuity of a consistent, thick zone of
including 2m @ 8.31 g/t gold from 42m, 2m @ 5.06 g/t from 19m, high-grade gold mineralisation both along strike and at depth.
1m @ 20.3 g/t from 79m and 6m @ 5.37 g/t from 14m. Close-spaced follow-up drilling at Gilbey’s North, immediately north
Other strong intercepts were also returned at Sherwood West, of the main operating pit at Dalgaranga, recently delivered more
including 3m @ 3.68 g/t from 17m and 8m @ 4.62 g/t from shallow high-grade intercepts including 9m @ 1.28 g/t gold from
surface. surface and 29m @ 1.81 g/t from 16m (including 18m @ 2.52 g/t).
This drilling is the first in a multi-stage campaign following on from Other key intersections were 38m @ 2.46 g/t from 11m (including
the recent completion of a multi-element study which identified a 20m @ 4 g/t), 17m @ 2.9 g/t from 10m (including 5m @ 4.63 g/t
potential intrusive-related gold system at Agate Creek. and 4m @ 4.58 g/t) and 24m @ 3.81 g/t from 102m (including 9m
@ 8.41 g/t).
Laneway managing director Brad Gordon said the company
would now follow up further targets along strike as well as test Further drill testing to evaluate the extent of the gold mineralisation at
deeper extensions of the known gold mineralisation. the active Plymouth open pit also returned hits of 4m @ 5.59 g/t from
56m and 7m @ 2.61 g/t from 87m (including 4m @ 4.08 g/t) outside
“The results from the recently completed drill programme are
the current resource envelope.
being incorporated into pit designs for near-term mining activities
and with the recently announced acquisition of the Georgetown A new resource for Plymouth is being prepared, along with a maiden
project, Laneway has a clear pathway to monetise the expanding estimate for the Archie prospect.
high-grade mineral resource being outlined at Agate Creek,” Lawson said the company has also identified a number of areas
Gordon said. in the footwall of the Gilbey’s open pit, including an area called the
Laneway is also seeking shareholder approval to change its Gilbey’s eastern cutback and another area to the north which had
name to Savannah Goldfields Ltd and consolidate share capital been mined historically at very high grades.
on a 1-for-40 basis. “There has been very little drilling in these footwall areas to follow
up and potentially extend the pit in these areas as access has been
restricted due to infrastructure being situated on the footwall as
mining focussed on the Gilbey’s main zone,” he said.
“We have selected a mobile carrier diamond drill rig, typically seen in
underground operations, to drill the footwall targets from inside the pit
at Gilbey’s. This type of rig has a very small footprint, can reposition
itself independently and quickly and can also drill the angles we
need. A third RC drill rig will also be mobilised to drill the footwall
targets from along the eastern pit haul road.”

MAIdEn dRIllInG BEGInS AT kOOjAn jV
Minerals 260 Ltd has started the first-ever drilling programme
across a suite of targets at the Koojan JV, about 150km north-
Laneway has begun a multi-stage drilling campaign at its Agate east of Perth in the Julimar province.
Creek project, North Queensland

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