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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Lost Dog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 10-1-2020: Beacon Minerals Ltd. announces an Exploration/Drilling Update report for its Lost Dog deposit at the Jaurdi project. Drilling results incl. 14m @ 5.92g/t Au from 8m. Beacon Minerals Limited (ASX: BCN) is pleased to announce the results of its r | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Darryl Mapleson (BM Geological Services) | |
| ABSTRACT: | Beacon Minerals Limited (ASX: BCN) is pleased to announce the results of its recent exploration programs at the Company’s Lost Dog and Stockdale Prospects. Two exploration campaigns were completed which included aircore drilling on the Jaurdi leases and a first pass aircore program at the Stockdale Prospect. In addition to this Beacon completed a final round of grade control drilling in Panel 1 at the Lost Dog mine which resulted in better than expected grades and depths of mineralisation as defined by the July 2017 Mineral Resource. A small grade control programme was completed in the north west corner of Mining Panel 1 at Lost Dog (Figure 1). A total of 55 holes (LDGC344 to 398) for 1,234 metres was completed in October 2019. The results were encouraging with some better than expected results received: LDGC353: 9 metres @ 5.14 g/t Au from 8 metres, LDGC356: 7 metres @ 4.51 g/t Au from 14 metres, LDGC357: 10 metres @ 3.94 g/t Au from 12 metres, LDGC358: 13 metres @ 4.92 g/t Au from 9 metres, LDGC359: 14 metres @ 5.92 g/t Au from 8 metres and LDGC394: 6 metres @ 6.05 g/t Au from 12 metres (Appendix 1). The Stockdale Prospect is located 66km south of Leonora and circa 15km along strike from the Apollo Hill gold deposit within the Keith‐Kilkenny Tectonic Zone (Figure 2). The aircore drill program recently completed by Beacon at the Stockdale prospect consisted of 66 holes for 2,518 metres (SAC001 to 066). Holes were drilled to refusal and achieved maximum depths between 9 to 75 metres. Lithologies encountered in the drilling included granites, fine grained basalts and porphyries. Two of the holes intersected significant mineralisation; SAC014: 5 metres @ 0.65 g/t Au from 32 metres and SAC041: 4 metres at 1.78 g/t Au from 52 metres (Appendix 2). | |
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