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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Jaurdi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2017: Beacon Minerals Ltd. announces an Exploration/Drilling Update report for its Jaurdi deposit at the Jaurdi project. Drilling results incl. 11.0m @ 10.17g/t Au from 9.0m. Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce | |
| 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 the Stage 1 drilling programme has been successfully completed at the Jaurdi Gold Project, located 35 Km north west of Coolgardie in Western Australia. As announced on 3 January 2017 Beacon executed an exclusive option to purchase the Jaurdi Gold Project (Figure 1) comprising Mining Lease M16/529 (ML) from Fenton and Martin Mining Developments Pty Ltd (Fenton and Martin). Beacon has completed 78 holes for 2,330 metres as part of their Stage 1 drilling programme which was designed to test the Eastern Arm of the Jaurdi gold system. The programme was highly successful with 52 of the 78 holes intersecting significant intervals of gold mineralisation at an average depth of 8 metres below surface. The Stage 1 drilling results extend the known position of mineralisation within the Eastern Arm of the Jaurdi gold system to both the North and the East. The system remains open to both the East and West ‐ North West. Drilling was completed using a combination of Aircore (44 holes for 1,313 metres) and Reverse Circulation (34 holes for 1,017 metres) drilling techniques, the latter being employed to effectively drill through a silicified siltstone. A 25m x 50m pattern was drilled with all holes being vertical. Holes were drilled between 21 and 35 metres in depth (Figures 2 to 4). All hole collars have been surveyed using a DGPS and down hole surveying was undertaken using an open hole north seeking gyroscope. The gold mineralisation is hosted in either a bleached, siliceous siltstone or an interbedded clay and siltstone unit. The average thickness of the mineralised system in the Eastern Arm of the Jaurdi palaeochannel is 10 metres, the average width is 180 metres and the identified strike length is 400 metres, being open to both the East and West of this arm. It appears the course of the palaeochannel system mimics the contemporary drainage system. | |
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