West Australian gold explorer Focus Minerals (ASX: FML) has announced a maiden mineral resource estimate for the Lancefield Far North deposit, part of the company’s Laverton gold project.
The mineral resource, of 0.79Mt at 1.34g/t for 33,900oz, is classified as inferred following limited shallow extension and infill drilling completed in 2019 and 2021. Mineralisation at Lancefield Far North is open along strike and a lookalike of the nearby Wedge/Telegraph-style mineralisation that has multi-kilometre strike.
Focus’ Laverton project covers 362km2 of highly prospective tenements, including the historic Lancefield and Chatterbox trend mines, on the outskirts of the Goldfields towns. Focus’ strategy is to identify sufficient open pit mineral resources across the Laverton tenement package to commence a Stage 1 gold mining operation.
“The 2021 Laverton PFS detailed a chain of shallow, cut-back open pits along more than 1km of strike at Wedge,” Focus chief executive Zhaoya Wang said.
“This maiden Mineral Resource at Lancefield Far North, starting just 4.9km north and along strike of the Wedge deposit, highlights the enormous potential of our tenement position.”