West Australian gold explorer Focus Minerals (ASX: FML) (Focus or the Company) is pleased to announce a material increase in the Mineral Resource of the Beasley Creek deposit, part of the Company’s Laverton Gold Project.
HIGHLIGHTS
- Beasley Creek’s Indicated + Inferred Mineral Resource gold ounces increased by 7%, including 13% in Indicated category.
- Mineralisation remains open along strike and at depth.
- Beasley Creek is part of Laverton Gold Project Stage 1 planning.
The material increase in Mineral Resource in the Indicated and Inferred categories follows target resource drilling that was carried out at Beasley Creek earlier this year. Importantly, mineralisation at Beasley Creek remains open along strike and at depth, providing Focus with confidence in the potential for further increases in the Mineral Resource.
The Laverton Gold Project (Laverton) covers 362km2 of highly prospective tenements, including the historic Lancefield and Chatterbox Trend mines, on the outskirts of the Laverton township in the Goldfields region. Focus’ strategy is to identify sufficient open put Mineral Resources across the Laverton tenement package to commence a Stage 1 gold mining operation. Beasley Creek is one of the key Stage 1 deposits.
Commenting on Beasley Creek’s continued growth, Focus Minerals’ CEO, Mr Zhaoya Wang, said:
“The Beasley Creek gold deposit is delivering on its potential to be a key component of a Stage 1 operation at Laverton. Importantly, Beasley Creek has the potential for further shallow growth as evidenced by this Mineral Resource addition. Focus looks forward to delivering more promising results like these for our shareholders.”
