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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Lost Dog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 3-8-2018: Beacon Minerals Ltd. announces a Resource Estimation report for its Lost Dog deposit at the Jaurdi project. Upgraded mineral resource estimate at Lost Dog deposit. Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce that m | |
| Resources: | (Resource, Total): 2.895Mt @ 1.76g/t Au for 162Koz Au contained at Lost Dog | |
| CP/QP: | [Resources]: Darrly Mapleson, Richard Finch (BM Geological Services) | |
| ABSTRACT: | Beacon Minerals Limited (“Beacon” or the “Company”) is pleased to announce that modelling of the RC grade control (RCGC) drilling within Mining Panel 1 at the Lost Dog deposit has been completed. As result of the RCGC drilling completed the Company is pleased to provide an update of the Lost Dog Mineral Resource. The updated Mineral Resource from June 2017 (ASX release 12 July 2017 “Jaurdi Gold Project – Lost Dog Mineral Resource Update”) is consistent with the previously announced Mineral Resource at Lost Dog with the majority now being classified as Measured and Indicated (97% of the tonnes and 98% of the ounces). The results from the Grade Control Mineral Resource are consistent with the June 2017 Mineral Resource (Table 1). The RCGC model can be considered a Measured Mineral Resource and is 893,000 tonnes at 1.93 g/t Au for 55,393 ounces. The RCGC model is consistent with the June 2017 Mineral Resource within mining Panel 1 at 101% of the tonnes at 97% of the grade for 98% of the ounces. RCGC drilling at Lost Dog consisted of 273 holes for 6,161 metres and was completed on a 12.5m x 12.5m spacing. The existing resource definition RC, aircore and diamond core drilling was also utilised for modelling of the Mineral Resource within Panel 1. The results detailed below are reported at a block grade above 0.5 g/t Au. Mining of Panel 1 is set to commence in August 2018. | |
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