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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Jaurdi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: Beacon Minerals Ltd. announces an Exploration/Drilling Update report for its Jaurdi deposit at the Jaurdi project. Drilling results incl. 13m @ 3.04g/t Au from 8m. Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce that | |
| Resources: | (historical estimates only) | |
| CP/QP: | [Overall Report]: Darrly Mapleson (BM Geological Services) | |
| ABSTRACT: | Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce that it has extended the known mineralisation on the Eastern Arm at its Jaurdi project. The initial Stage 2 assay results have been received by Beacon during a four‐day hiatus in drilling due to seasonal rains affecting most of Western Australia. Drilling resumed at Jaurdi on Monday 13 February after Shire roads were reopened. It is anticipated the Stage 2 programme will now be completed on the 19 February 2017. Prior to the programme being interrupted by rain, 42 holes, of the planned 80 holes, were drilled for 1,260 metres. The RC drilling has extended the geometry of the Eastern Arm of the palaeochannel to the west which now averages 600 metres of strike length, has an average width of 175 metres and a thickness of 10 metres. The mineralisation is on average 8 metres below the surface. This mineralised system remains open to the East. The second phase of the Stage 2 programme will focus on extending the known mineralisation to the East from the most eastern holes at 303411E. A suite of holes will also be drilled targeting the Western Arm of the known Jaurdi mineralisation. Further holes may be added to the remaining Stage 2 programme if warranted. | |
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