News: Asian Equities News 2015-07-07: ASX:GCY ASX:SMR ASX:GLL

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Gascoyne Resources Ltd (ASX:GCY) advised that the recent drilling at Gaffney's Find has intersected further shallow high grade gold mineralisation. The prospects are located at the Company's Egerton Project located in the Gascoyne region of Western Australia. The Mt Egerton project has current resources of 116,400t @ 6.4g/t Au at the Hibernian deposit.

Stanmore Coal Ltd (ASX:SMR) has completed the exploration program for the second farm in period within the Clifford Project area under Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation ("JOGMEC"). The company has a Maiden JORC Resource estimate of 370Mt across two areas of the Clifford Project.

Galilee Energy Ltd (ASX:GLL) announced an update on testing at the Hoffer B1 well located in Lavaca County, Texas. The zones tested in the Midcox units flowed approximately 6 million standard cubic feet of gas per day, with demonstrated liquids content ranging as high as 50 barrels of condensate per million cubic feet of gas produced.