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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Lost Dog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2017: Beacon Minerals Ltd. announces a Resource Estimation report for its Lost Dog deposit at the Jaurdi project. 12% increase in mineral resource estimate tonnage at Jaurdi. Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to inform sh | |
| Resources: | (Resource, Total): 2.88Mt @ 1.76g/t Au for 163.1koz Au contained at Jaurdi | |
| CP/QP: | [Resources]: Richard Finach, Darryl Mapleson (BM Geological Services) | |
| ABSTRACT: | Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to inform shareholders they have an update of the Lost Dog Mineral Resource following the completion of the May‐June 2017 infill and extensional drilling campaigns. The updated June 2017 Mineral Resource increases the gold inventory at the Jaurdi Gold Project to 163,100 ounces (see Tables 1 and 2). The resource is based on 348 reverse circulation (RC), air core (AC) and diamond core drill holes completed by Beacon and historical explorers for a total of 9,847 metres. The Lost Dog orebody is now defined to have an overall strike length of 1,450 metres in an EastWest orientation, has an average thickness of 8 metres and an average width of 180 metres. It remains open to the North East. The deposit consists of three main areas; the Western Arm, the Eastern Arm and the North East Extension. The latter has narrowed to 120 metres wide; the average width remains at 180 metres; however, it attains a maximum width of 260 metres on the “elbow” as its orientation rotates to the North‐East at a bearing of 040 degrees after striking predominantly East‐West. The Jaurdi Gold Project overlies a portion of the Bali Monzogranite immediately adjacent to the Jaurdi Hills. Dunnsville greenstone sequence. The Lost Dog gold mineralisation is hosted in either a bleached, siliceous siltstone or an interbedded clay and siltstone unit. | |
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