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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Karridale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-4-2017: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Karridale deposit at the Laverton project. Drilling results incl. 1m @ 36.5g/t Au from 155m . Results have been received from 12 reverse circulation (RC) holes drilled | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeff Ion (Internal) | |
| ABSTRACT: | Results have been received from 12 reverse circulation (RC) holes drilled on the Karridale Project during the first quarter 2017. The Karridale Project is located across five mining and exploration tenements within the Burtville district, 30km from Laverton and some 2km south of the Burtville open cut owned by Focus Minerals (See Figure 1). M38/8, E38/2032 and E38/1642 are wholly owned by Focus. M38/73 and M38/89 are held under the Merolia Joint Venture between Focus Minerals (Laverton) Pty Ltd and GSM Mining Company Pty Ltd (a wholly owned subsidiary of Gold Fields). Focus holds a 91% interest in these joint venture tenements. The 3,083m of drilling was part of an ongoing programme designed to extend and infill the gold mineralised system. This drilling brought the total number of RC and diamond core (DD) holes drilled by Focus Minerals Limited (Focus) across the project to 110 for a total of 25,292m. Downhole depth varies from 31m to 550.6m and averages about 230m. All holes are nominally drilled at 60o dip and 145o azimuth. Modelling of lithology contacts suggest stratigraphy is dipping generally between 15 and 40 degrees towards the northwest. The majority of gold bearing shears lie parallel to, or dip slightly steeper than, stratigraphy. Furthermore, some higher gold grades are associated with zones of changing (steepening) stratigraphy. Wet weather events have continued to restrict access to critical parts of Karridale in 2017, delaying the more detailed assessment of the project. A second RC drill rig has been sourced to increase productivity | |
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