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Focus Minerals Ltd.
Summary
| Project: | Laverton | |
|---|---|---|
| Deposit: | Wedge-Lancefield | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2020: Focus Minerals Ltd. announces a Resource Estimation report for its Wedge-Lancefield deposit at the Laverton project. Resource estimate for the Wedge-Lancefield deposit at Laverton. West Australian gold explorer Focus Minerals (ASX: FML) (Focus | |
| Resources: | (Resource, I+I): 3.41Mt @ 1.54g/t Au (168,677oz Au) at Wedge-Lancefield | |
| CP/QP: | [Resources]: Hannah Kosovich (Internal) | |
| ABSTRACT: | West Australian gold explorer Focus Minerals (ASX: FML) (Focus or the Company) is pleased to announce the first JORC 2012 Mineral Resource in the Wedge-Lancefield North region, part of the Company’s 100%owned Laverton Gold Project in the north-eastern Goldfields. The Wedge-Lancefield North JORC 2012 Open Pit Mineral Resource will form a key part of the proposed production pipeline for Stage 1 of Laverton. The Mineral Resource is reported above 320mRL (to a maximum of 140m below surface) using a 0.8g/t Au cut-off grade The Mineral Resource is reported on a dry tonnage basis. See the attached JORC Table 1 for details. The Wedge-Lancefield North deposit is located 7km north-west of the Laverton township and among several significant deposits and prospects within Focus’ 507sqkm parcel of highly prospective tenements in the region. The JORC 2012 Mineral Resource for Wedge-Lancefield North was compiled using a total of 549 drill holes, made up of 537 reverse circulation (RC) and 11 diamond holes from surface and one diamond hole with an RC pre-collar. The majority of the drilling extends to a depth of less than 110m below surface, with some deeper drilling completed at Wedge South as well as Wedge North to a maximum depth of 130m below surface. | |
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