For thousands of other reports visit RSC's Mineral Intellingence Map
Focus Minerals Ltd.
Summary
| Project: | Coolgardie | |
|---|---|---|
| Deposit: | Coolgardie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-8-2019: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Coolgardie deposit at the Coolgardie project. Drilling results incl. 5m @ 2.58g/t Au from 58m. West Australian gold explorer Focus Minerals (ASX: FML) (Focus or the Com | |
| 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 results of RC drilling completed in the June quarter at its Coolgardie Gold Project (Coolgardie Project). The drilling program, carried out in the last quarter, was part of the Company’s ongoing exploration efforts to maintain and add value to the Coolgardie Project, which is subject to an Exclusivity Deed1 with Intermin Resources (ASX: IRC), now known as Horizon Minerals Ltd (ASX: HRZ) (Horizon). Under the terms of the proposed sale of the Coolgardie Project to Intermin, Focus will receive A$40 million in cash and Horizon shares payable over 3.5 years (Proposed Transaction). Both Horizon and Focus remain fully committed to the Proposed Transaction and are in the process of securing the necessary approvals and finalising the documentation. The latest results of Focus’ RC drilling at the Coolgardie Project returned the following significant intersections calculated with 0.5g/t Au cut off and up to 2m internal dilution. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report