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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Beasley Creek, Wedge-Lancefield | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-7-2019: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Beasley Creek, Wedge-Lancefield deposit at the Laverton project. Drilling results incl. 12.86m @ 8.78g/t Au from 159.61m. West Australian gold explorer Focus Minerals ( | |
| Resources: | (not mentioned in this report) | |
| 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 the RC and DD drilling completed to June at Beasley Creek and the Wedge-Lancefield Thrust have returned high value intersections. On releasing the results, Focus Minerals CEO Mr Zhaoya Wang commented, “The most recent exploration results demonstrated the continuity in delivering high value exploration results from Beasley Creek and Lancefield area that started from late 20182 . The results boosted our confidence in expediting our effort in working toward to production per our Stage 1 strategies3 . “The mineral resource estimates update work is currently on track and we estimate the release of the results in late Q3 or early Q4 of 2019.” Beasley Creek is located around 10km northwest of the Laverton township and was mined by WMC in the late 1980’s and the early 1990’s with ore processed at Windarra. The incomplete pit was wound up early due to changes in gold prices and pit design issues. Since the cessation of mining it was investigated by Metex/Delta Gold in 1996/7 for potential satellite feed for Granny Smith. Crescent Gold (now Focus Minerals) completed resource drilling at 12 - 15m spacing at South Beasley Creek in 2010 but did not re-assess the main pit area at that time. Focus has drilled extensively at Beasley Creek since 2018 and with announcements on 30/01/2019 and 29/04/2019. The drilling to date has located high and bonanza type gold grades located in 7 shoots beneath the historic WMC open pit. | |
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