Gascoyne Resources (ASX: GCY) - Surging Interest

When we first introduced Gascoyne Resources (ASX: GCY) to our MineLife readers and also to LiveWire seven months ago, the stock was trading at $0.17. Following today's announcement of a 40% increase in the JORC 2012-compliant Resource base at its Gilbeys gold deposit in WA, the stock rose by almost 20% to close at $0.70 - representing a +300% gain. I believe what's driving interest is the company's relatively unique status, in terms of offering both exploration, production and corporate appeal. Firstly, it offers significant exploration appeal - as it's benefiting from continued strong resource growth via drilling from its two WA gold projects, where the combined JORC Resource base now exceeds 2.12M oz. Secondly, it offers enormous production appeal, as it's already completed in early 2016 a positive Pre-Feasibility Study (PFS) that highlights robust project economics, with a full Definitive Feasibility Study (DFS) set for completion during Q4 2016. Thirdly, it offers corporate appeal, as there is a strong chance Gascoyne will at some stage be part of the aggressive consolidation activity taking place within the WA gold sector.