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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Beasley Creek, Wedge-Lancefield | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2019: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Beasley Creek, Wedge-Lancefield deposit at the Laverton project. Drilling results incl. 19.00m @ 11.12g/t Au from 163.00m. Focus Minerals is delighted to advise its sta | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Aaltonen (Internal) | |
| ABSTRACT: | Focus Minerals is delighted to advise its stakeholders and the market that exploration campaigns, conducted during the last two quarters of 2018, have produced outstanding results with significant intersections recorded at Beasley Creek and on the Lancefield Thrust at Wedge. “This is an outstanding achievement from the newly formed Focus exploration team,” says the CEO, Mr Zhaoya Wang, “the promising results have given us the confidence needed to increase our effort in exploring the area and the re-negotiated royalty agreement 4 will favour us in terms of paving a clear pathway towards to production.” Starting from 17 January 2019, Focus resumed its drilling programmes at Beasley Creek and Wedge-Lancefield. Beasley Creek is located around 10km northwest of the Laverton township and was mined by WMC in the late 80’s and the early 90’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. | |
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