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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Lost Dog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-3-2017: Beacon Minerals Ltd. announces a Resource Estimation report for its Lost Dog deposit at the Jaurdi project. Amended Initial Mineral Resource estimate including drill data used in estimation and JORC Table 3. Further to the ASX release dated 3 M | |
| Resources: | (Resource, Total): 2.751Mt @ 1.77g/t Au for 156500oz Au contained at Lost Dog | |
| CP/QP: | [Resources]: Richard Finch, Darryl Mapleson (BM Geological Services) | |
| ABSTRACT: | Further to the ASX release dated 3 March 2017 “Jaurdi Gold Project – Lost Dog Maiden Mineral Resource” Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to update shareholders, with information required under ASX Listing Rule 5.8.1, following the completion of the company’s maiden JORC 2012 compliant Mineral Resource estimate totalling 156,500 ounces on the Jaurdi gold deposit. The resource is based on 212 Reverse Circulation and Air Core holes completed by Beacon Minerals and historical explorers for a total of 6,012 metres. The Mineral Resource has been drilled out using both reverse circulation and air core drilling techniques; the two techniques were required to drill through the host lithology’s. The resource estimate was carried out using 125 holes drilled by BCN in Stage 1 and 2 for 3,647m. A total of 87 historical AC drill holes for 2,365m were also used. Sampling was collected through a cyclone and split through a rig mounted riffle splitter. One metre samples were collected to obtain a 3 to 4 Kg sample. All samples were pulverised to typically 95% passing ‐75µm to produce a 50g charge for Fire Assay with an AAS finish. JORC Tables 1, 2 and 3 in relation to the Jaurdi Gold Project – Lost Dog Maiden Mineral Resource are attached to this announcement. | |
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