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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Sickle, Ida-H | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-3-2019: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Sickle, Ida-H deposit at the Laverton project. Drilling results incl. 59.44m @ 2.02g/t Au from 202.00m. Assay results received from drilling completed in November and D | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Aaltonen (Internal) | |
| ABSTRACT: | Assay results received from drilling completed in November and December 2018 have confirmed significant gold mineralisation present at both Sickel and Ida-H. Follow up diamond drilling will recommence at Sickle and Ida-H in the second half of 2019. The first of three planned step-out holes targeting the southern tension lode at the Sickle Prospect confirmed wide and consistent gold mineralisation hosted by massive sulphide and the potential for further extension of mineralisation. Best intercepts included: Sickle and Ida-H are within a 20km radius from the Beasley Creek deposit, which is the most advanced of Focus’ targets within the 507 square kilometre Laverton Gold Project area. Laverton is Focus’ core asset and the priority focus of the Company’s exploration efforts. Mr Zhaoya Wang, the CEO of Focus Minerals, commented: “The strong results from Sickle and Ida-H have boosted our confidence in pursuing our growth strategy for the Laverton Gold Project. Sickle and Ida-H could join Beasley Creek to form the foundations of our future production profile in Laverton. The continued exploration success, following so soon after a set of very strong results from Beasley Creek and the Lancefield-Wedge Prospects, is justifying our determination to aggressively explore and develop Laverton so that we can become a profitable, sustainable and disciplined gold producer in north-eastern Goldfields.” | |
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