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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Beasley Creek South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2020: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Beasley Creek South deposit at the Laverton project. Drilling results incl. 4.0m @ 21.69g/t Au from 28m. West Australian gold explorer Focus Minerals (ASX: FML) (Focus | |
| Resources: | (Resource, I+I): 2.66mt @ 2.24g/t Au at Beasley Creek | |
| CP/QP: | [Overall Report]: Alex Aaltonen (Internal) | |
| ABSTRACT: | West Australian gold explorer Focus Minerals (ASX: FML) (Focus or the Company) is pleased to announce that staged diamond drilling at Beasley Creek South has delivering exciting high-grade intersections. Beasley Creek South (BCS) is approximately 400m from the Beasley Creek Deposit, which is a core asset of the Company’s 100%-owned Laverton Gold Project. Focus is well advanced to identifying sufficient mineral resources across its highly prospective 507km2 parcel of tenements to commence a Stage 1 gold mining operation at Laverton. The diamond drilling at BCS was carried out between September and December 2019. The Focus geology team determined by a process of targeted twinning/sampling system review that historic reverse circulation (RC) sampling of BCS had been ineffective. Starting in September 2019, a targeted program of twin infill and extension HQ3 drilling was implemented to accurately determine the resource at BCS. The results from the diamond campaign were outstanding, with infill diamond holes upgrading previously low metal parts of the orebody. More than 200m strike in the core of BCS is now reporting very strong mineralisation and consistent widths. Furthermore, the location of the mineralisation is now consistently aligned with the logged position of the Beasley Sheer Zone (Beasley SZ) and hanging wall structures. The BCS deposit has not previously been mined and now has confirmed high-grade oxide mineralisation extending from near-surface to at least 130m depth and open along strike. A further positive consequence of the downgrade of previous RC work is that the 400m of strike between BCS and Beasley Creek is now considered effectively untested. | |
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