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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Lost Dog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 27-9-2018: Beacon Minerals Ltd. announces a Resource Estimation report for its Lost Dog deposit at the Jaurdi project. Updated ore reserve estimate for Lost Dog deposit. Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to provide an Updated | |
| Resources: | (Reserve, P+P): 2.440Mt @ 1.8g/t Au for 143.1Koz Au contained | |
| CP/QP: | [Overall Report]: Gary McCrae (Minecomp Pty Ltd.) | |
| ABSTRACT: | Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to provide an Updated Ore Reserve Statement for the Lost Dog deposit, which forms part of the Jaurdi Gold Project in Western Australia. Ore Reserve Statement at Lost Dog has been updated following the modelling of the RC grade control data. The Ore Reserve calculated in September 2018 is consistent with the ore reserve reported in August 2018 (see ASX announcement dated 29 August 2018 “Pre‐Feasibility Study Results for the Jaurdi Gold Project”), with 35% of the tonnes and 36% of ounces now being categorised as Proved and 65% of the tonnes and 64% of ounces being categorised as Probable (Table 1). The classification of the Jaurdi Ore Reserve has been carried out in accordance with the recommendations of the JORC Code 2012. It is based on the density of drilling, estimation methodology and the mining method to be employed. All Proved and Probable Ore Reserves have been derived from Measured and Indicated Mineral Resources. The Jaurdi Ore Reserves were estimated using conventional open pit mining and milling at an on‐site CIP processing plant. Modifying factors for mining dilution and mining recovery have been applied. Contemporary in‐house mining, processing and site costs have been utilised. | |
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