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Focus Minerals Ltd.
Summary
| Project: | Coolgardie | |
|---|---|---|
| Deposit: | Brilliant, Lindsays, Possum | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 25-7-2017: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Brilliant, Lindsays, Possum deposit at the Coolgardie project. Drilling results incl. 2m @ 41.72g.t Au from 130m. Since the most recent activity updates released in Apr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Wesley Groome (Internal) | |
| ABSTRACT: | Since the most recent activity updates released in April and May 2017, Focus Minerals Ltd (“Focus” or the “Company”) has continued exploration activities at Laverton and Coolgardie and has neared completion of the Coolgardie Preliminary Feasibility Study (PFS). Exploration at both locations continues to be successful. Highlights at Laverton include the continuing excitement being generated from Karridale and the commencement of drilling at Lancefield. Recent Coolgardie highlights include the recent drilling that has increased confidence in the underground potential of Brilliant. The Coolgardie PFS is virtually complete. The delay in completion is due to the Company actively investigating opportunities to further enhance the financial return of a restart in operations. Since the previous Coolgardie Exploration Update (ASX 24 May 2017), Focus has completed the drill program at Brilliant as well as further exploration drilling near Lindsays and Possum. Infill and extension drilling at Brilliant increased the mineralised footprint of the Brilliant system and has led to an increased confidence in the underground resource area and resource modelling is ongoing. Exploration drilling in the Lindsays area (New Indicator, Hillside and Ashes prospects) was generally encouraging and drilling at Possum was in line with expectations. In addition to the drilling at Coolgardie, the Lake Cowan gravity survey has been completed consisting of 3,370 stations on a nominal 100 x 50m spacing. Results are still being processed and follow-up work will be planned once the processing has been completed and interpretations updated. | |
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