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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Jaurdi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2018: Beacon Minerals Ltd. announces an Exploration/Drilling Update report for its Jaurdi deposit at the Jaurdi project. Drilling results incl. 13m @ 2.92g/t Au from 13m. Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce that | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darrly Mapleson (BM Geological Services) | |
| ABSTRACT: | Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce that the aircore drilling conducted at the Lost Dog and Black Cat prospects for water exploration and sterilisation purposes was successfully completed during November and December 2017. Lost Dog Water Exploration Drilling Beacon’s intention is to commence production at the Lost Dog deposit this calendar year with the Company in discussions to build its own processing plant. As part of this strategy, Beacon will require a substantial supply of ground water from palaeochannel‐hosted aquifers to facilitate the processing BEACON MINERALS LIMITED ACN 119 611 559 Kalgoorlie Office 144 Vivian Street, Boulder, WA 6432 Registered Office Level 1, 115 Cambridge Street, PO Box 1305, West Leederville, WA 6007 Website www.beaconminerals.comPhone 08 9322 6600 Facsimile 08 9322 6610 2 of the Lost Dog ore. An extensive exploration effort has been directed towards understanding the potential for the Jaurdi paleo‐drainage systems to host this water source. The airborne VTEM survey conducted in July 2017 identified two main palaeochannel systems within M16/529 and more extensively within E16/469 (Figure 1). The ground gravity survey completed in the latter part of 2017 assisted in narrowing the focus of the water targets. A total of 58 holes for 2,773 metres was drilled testing both palaeochannels. Water was successfully identified in the northern palaeochannel system and water bores will be drilled, tested and if productive submitted for licensing. | |
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