The Laverton gold project ambitions of West Australian explorer Focus Minerals (ASX: FML) are starting to gain significant momentum with the stunning outcome of a diamond drilling campaign at new prospect Beasley Creek South.
HIGHLIGHTS:
The diamond drilling at BCS was carried out between September and December 2019. The best five intersections from the campaign were:
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19BSDD058 – 4.0m @ 21.69g/t Au from 28m (86.75 GxM)
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19BSDD080 – 5.1m @ 14.57g/t Au from 64.9m (74.33 GxM)
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19BSDD045 – 7.7m @ 9.16g/t Au from 79m (70.51 GxM)
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19BSDD072 – 13.3m @ 4.81g/t Au from 51m (63.94 GxM)
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19BSDD073 – 10.1m @ 6.20g/t Au from 45.9m (62.61 GxM)
Beasley Creek South (BCS) is approximately 400m from the Beasley Creek Deposit, which is a core asset of the Company’s 100%-owned Laverton Gold Project. Focus is well advanced to identifying sufficient mineral resources across its highly prospective 507km2 parcel of tenements to commence a Stage 1 gold mining operation at Laverton.
The Focus geology team determined by a process of targeted twinning/sampling system review that historic reverse circulation (RC) sampling of BCS had been ineffective. Starting in September 2019, a targeted program of twin infill and extension HQ3 drilling was implemented to accurately determine the resource at BCS.
The results from the diamond campaign were outstanding, with infill diamond holes upgrading previously low metal parts of the orebody. More than 200m strike in the core of BCS is now reporting very strong mineralisation and consistent widths. Furthermore, the location of the mineralisation is now consistently aligned with the logged position of the Beasley Sheer Zone (Beasley SZ) and hanging wall structures.
The BCS deposit has not previously been mined and now has confirmed high-grade oxide mineralisation extending from near-surface to at least 130m depth and open along strike. A further positive consequence of the downgrade of previous RC work is that the 400m of strike between BCS and Beasley Creek is now considered effectively untested. The Company has begun the follow-up diamond drilling campaign at BCS.
Commenting on outstanding Beasley Creek South results, Focus Minerals’ CEO, Mr Zhaoya Wang, said: “The results achieved from the diamond drilling carried out late last year were outstanding.
“Our focus now is to prioritise resource drilling of this exciting new target to deliver a maiden mineral resource at BCS this year, which could potentially strengthen Laverton’s Stage 1 production portfolio.”
