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Focus Minerals Ltd.
Summary
| Project: | Coolgardie | |
|---|---|---|
| Deposit: | Greenfields, Brilliant, Bonnie Vale, Lindsays | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 24-5-2017: Focus Minerals Ltd. announces a Resource Estimation report for its Greenfields, Brilliant, Bonnie Vale, Lindsays deposit at the Coolgardie project. Resource estimate + drilling results incl. 7@ 2 7.6g/t Au from 161. Since the previous Coolgardi | |
| Resources: | (Resource, I+I): 1.394Mt @ 1.7 g/t Au for 77000oz at Greenfields | |
| CP/QP: | [Resources]: Mark Rigby, Hannah Kosovich (Internal) | |
| ABSTRACT: | Since the previous Coolgardie Exploration Update (ASX 25 January 2017), Focus Minerals Ltd (“Focus” or the “Company”) has continued infill drilling at Brilliant, as well as exploration drilling at Bonnie Vale and Lindsays North. Infill drilling at Brilliant continues to increase the mineralised footprint of the system and a resource update is expected once the current program is completed early next month and all assay data is received. Exploration drilling at Bonnie Vale and Lindsays North has also returned encouraging results and follow-up work is currently being planned. The location of each of these programs are presented in Figure 1. In addition to drilling at Coolgardie, Focus has been continuing work on the Preliminary Feasibility Study for re-starting operations; it is due for completion in June 2017. As part of that study, Focus has been updating select Mineral Resource estimates from JORC 2004 to JORC 2012 standards. This release includes an updated JORC 2012 compliant Mineral Resource estimate for the Greenfields deposit based on historic drill data. Since the previous ASX release on 7 April 2017, Focus has continued drilling at Brilliant with an additional 34 drill holes completed to date (26 RC holes for 5,252m and 8 RC/diamond holes for 3,629.0m). Exploration drilling at Bonnie Vale to date in 2017 has consisted of three RC holes for 813m and three RC/DD holes for 1,075.6m (Figure 3). Three RC holes (591m) have been completed since the start of 2017 north of the Lindsays Open Pit, testing for Bayleys-style lode mineralisation along the basalt-ultramafic contact that hosts the historic Bayleys mine. Focus has upgraded the compliance of its Greenfields deposit to JORC 2012 standards following a review and completion of the Table 1 reporting requirements for the currently reported (2004 compliant) block model. | |
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