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Beacon Minerals Ltd.
Summary
| Project: | Jaurdi | |
|---|---|---|
| Deposit: | Panther | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 14-4-2020: Beacon Minerals Ltd. announces an Exploration/Drilling Update report for its Panther deposit at the Jaurdi project. Drilling results incl. 13m @ 16.37g/t Au from 9m. Beacon Minerals Limited (ASX: BCN) is pleased to advise that the Company has a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Darryl Mapleson (BM Geological Services) | |
| ABSTRACT: | Beacon Minerals Limited (ASX: BCN) is pleased to advise that the Company has applied for two prospecting areas in Timor‐Leste. These being the Ossu Prospecting Licence of (5,342 ha) and the Fatulia Prospecting Licence (7,500 ha). The areas are prospective for base and precious metals and were identified following field visits in 2016 by Company Directors and Beacon’s consulting geologist Darryl Mapelson of BMGS. In the last 12 months Timor‐Leste has progressed a Mining Code which has similarities to the West Australian Mining Act to the point where the code may be considered and passed by the Government in late 2021. The passing of the code will allow for the granting of exploration/mining tenements. Beacon recently hosted the Timor‐Leste Ambassador to Australia, Mrs Ines Almeida and staff and Mr Gualdino da Silva President of Autoridade Nacional do Petroleo e Minerais (ANPM) and staff at the Jaurdi Gold Project to observe first hand Beacon’s operations. The ANPM is Timor‐Leste’s public institution responsible for managing and regulating petroleum and mining activities in Timor‐Leste’s exclusive jurisdictional areas and in the Joint Petroleum Development Area (JPDA). The ANPM undertakes its role pursuant to the Decree Law on the establishment of the ANPM, the Petroleum Activities Law, and the Timor Sea Treaty. | |
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