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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Laverton | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2018: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Laverton deposit at the Laverton project. Drilling results incl. 8.0m @ 6.64g/t Au from 59m. Focus Minerals is pleased to advise the market with its latest exploration | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Aaltonen (Internal) | |
| ABSTRACT: | Focus Minerals is pleased to advise the market with its latest exploration effort. During the period between 01 August and 05 October, the Company completed 11,525.05m drilling over several prospects in Laverton recording the following significant intersections: The Company has drilled RC throughout the reporting period at a number of prospects with 84 holes completed for 9,944m. Diamond drilling commenced 30 August and 1,581.05m drilling was completed over 7 holes at Beasley Creek to 05 October. RC drill productivity and costs have been in line with expectation. DD costs have been higher than expected due to HQ3 sized core and short runs being used to maximise recovery. Additional RC and DD rigs are being mobilised in October and November to accelerate drilling. The drilling at Karridale was successful in locating shallow up dip extensions south of the current Karridale Resource. It should be noted that the tenor of these intersections is higher than the overall resource grade reported for Karridale in February 2018. Stage 2 of the Karridale resource extension drilling has started at the time of this announcement. | |
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