West Australian gold explorer Focus Minerals (ASX: FML) has announced that the recent diamond drilling campaigns at its Beasley Creek South deposit have delivered a major increase in the shallow, high grade gold Mineral Resource.
HIGHLIGHTS:
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Recent shallow drilling campaigns deliver a 213% increase in total Mineral Resource.
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Joins Beasley Creek to form a key part of the Stage 1 production plan at Laverton.
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Best intersections including 17m at 9.28g/t Au from 168m (20BSRD010).
The new Mineral Resource is reported to 180m (250 RL) depth from surface using 0.8g/t Au cut-off and on a dry tonnage basis.
The mineralisation at Beasley Creek South remains open along strike and at depth, providing Focus with confidence in the potential for further increases in the mineral resource.
Beasley Creek South is 400m south of the Beasley Creek deposit, which is a core asset of the Company’s 100%-owned Laverton Gold Project (Laverton). Focus is well advanced in identifying sufficient mineral resources across its highly prospective 386km2 parcel of tenements to commence a Stage 1 gold mining operation at Laverton.
Commenting on the outstanding Beasley Creek South results, Focus Minerals’ CEO, Mr Zhaoya Wang, said:
“The combination of Beasley Creek South and Beasley Creek could potentially deliver Focus a low CAPEX and OPEX operation in Laverton, which could accelerate the progress of achieving the Stage 2 production plan in Laverton.
“With the Stage 1 Laverton pre-feasibility study underway, we are looking forward to seeing what Laverton bring to our stakeholders for the near term.”
