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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Karridale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-1-2017: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Karridale deposit at the Laverton project. Drilling results incl. 4m @ 30.3g/t Au from 90m . Since the last exploration update (ASX 29 April 2016), Focus has drilled 34 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeff Ion (Jeffrey Geo Pty Ltd.) | |
| ABSTRACT: | Since the last exploration update (ASX 29 April 2016), Focus has drilled 34 RC holes for 7,572 m into the Karridale Project. The drilling has increased Focus’ confidence that the Karridale Project is a significant gold system and has extended the strike of mineralisation to over 700m. The mineralisation remains open along strike and down dip. These intersections extend the high-grade zones to the north and west and, in the case of KARC222, beneath earlier drill holes thought to have confined high grade mineralisation. Figure 4 presents the collar location of selected Karridale drill holes. This recent drilling brings the total number of RC and diamond core (DD) holes drilled by Focus across the project to 97 for 21,954m. Downhole depth varies from 31m to 550.6m and averages approximately 226m. The results support the concept that Karridale is a significant gold system, with stacked, gold mineralised, shear structures, dipping at about 30 degrees to the northwest. Two of the interpreted mineralised zones appear to correspond to the historic Karridale and Boomerang underground mines. Drilling has traced the system over 700m strike, with mineralisation open along strike and down dip. Of the holes drilled at Karridale, eight holes failed to get to sixty percent of their target depth due to ground water and drilling issues and of these, five will need to be redrilled on adjacent lines. All holes were drilled grid south (145o UTM) and nominally dip at -60o . Hole depth varied between 94m and 304m with an average depth of 223m. Wet weather events restricted access to critical parts of Karridale in 2016 restricting assessment of the project. | |
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