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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Karridale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2018: Focus Minerals Ltd. announces a Resource Estimation report for its Karridale deposit at the Laverton project. Initial mineral resource announced for Karridale deposit. Focus Minerals Ltd. (ASX: FML) is pleased to announce that an inaugural JORC | |
| Resources: | (Resource): 2.7Mt @ 1.5g/t Au (Ind.) and 10.0Mt @ 1.3g/t Au (Inf.) at Karridale | |
| CP/QP: | [Resources]: Hannah Kosovich (Internal) | |
| ABSTRACT: | Focus Minerals Ltd. (ASX: FML) is pleased to announce that an inaugural JORC 2012 reportable Mineral Resource estimate has been completed for the Karridale Deposit, located 30km south east of the township of Laverton. The Mineral Resource is reported on a dry tonnage basis. See the attached JORC Table 1 for additional details. The Karridale Project forms part of Focus Minerals’ tenement portfolio in the highly prospective Laverton region of Western Australia. The deposit area formed part of the larger Burtville mining centre, and between 1899 and 1922 there was a recorded production of 6,315 tonnes at 80.6 g/t from the mining centres of Karridale, Roscommon and Bonds Find. The most extensive workings were those at Karridale, where between 1900 and 1905, 1,628 tonnes of ore were mined to produce 4,882oz of gold. Various drill campaigns have been conducted over the years at Karridale, however only holes drilled by FML since 2013 were used in the estimate. A total of 154 drill holes were used, comprising: 129 Reverse Circulation (RC) holes and 25 diamond holes with an RC pre-collar (RCDD), totalling 39,038m. FML has drilled numerous campaigns at Karridale commencing in July 2013 through to June 2017. Karridale mineralisation is open along strike and down dip. Further drilling is planned to test for extensions. Further, recent advancements in understanding host rock lithologies is expected to improve targeting of higher grade zones within the Mineral Resource. | |
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