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Beacon Minerals Ltd.

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Summary

Project:

Jaurdi

Deposit:Panther
Location:Australia
Commodities:Gold
Date:3/11/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:11-3-2020: Beacon Minerals Ltd. announces an Exploration/Drilling Update report for its Panther deposit at the Jaurdi project. Drilling results incl. 3m @ 95.4g/t Au form 21m. Beacon Minerals Limited (ASX: BCN) is pleased to provide an update of activitie
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Darryl Mapleson (BM Geological Services)
ABSTRACT:Beacon Minerals Limited (ASX: BCN) is pleased to provide an update of activities at its 100% owned Jaurdi Gold Project. ACQUISITION OF MINING LEASE Beacon is pleased to advised that the Company has purchased mining lease M16/560 from Boulder Investments Group Pty Ltd for the sum of $1.0 million. The tenement lies immediately to the south of Beacons M16/529 and contains a part of the known Lost Dog orebody. Approximately 60 x 25m air‐core holes have been drilled on M16/560 by the previous owners and Beacon will drill additional grade control holes prior to commencing mining. Beacon is pleased to announce the results of its recent resource definition drilling program at the Company’s Panther Prospect (Figure 3). A total of 56 holes were drilled for 3,560 metres (Appendix 1). The program was drilled in February 2020 and tested the shallow southern zone of mineralisation, the area immediately north of the pit and areas below the historical pit (Figures 4 and 5).

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