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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Karridale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-1-2020: Focus Minerals Ltd. announces a Resource Estimation report for its Karridale deposit at the Laverton project. Increase in Mineral Resources at Karridale Deposit. West Australian gold explorer Focus Minerals (ASX: FML) (Focus or the Company) is | |
| Resources: | (Resources I+I): 16.7Mt @ 1.38g/t Au (742koz Au) at Karridale | |
| CP/QP: | [Resources]: Hannah Kosovich (Internal) | |
| ABSTRACT: | West Australian gold explorer Focus Minerals (ASX: FML) (Focus or the Company) is pleased to announce a significant increase in the JORC 2012 Mineral Resource Estimate for the Karridale gold deposit, part of the Company’s 100%-owned Laverton Gold Project. The update has been compiled from drilling completed in the September 2019 quarter to target the central part of the Karridale resource. The Mineral Resource is reported on a dry tonnage basis. See the attached JORC Table 1 for additional details. Karridale is one of several significant deposits and prospects across Focus’ Laverton Gold Project, which covers a 507 square kilometre parcel of highly prospective tenements on the outskirts of the Laverton township, in Western Australia’s north-eastern Goldfields. Various companies have drilled at Karridale in the past 40 years. However, only holes drilled by Focus since 2013 are used in this mineral resource update. A total of 299 drill holes were used, comprising 270 reverse circulation (RC) holes for 53,491m and 29 diamond holes with an RC pre-collar (RCDD) for 10,631m. | |
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