West Australian gold explorer Focus Minerals (ASX: FML) announced that the recent drilling campaign at the Beasley Creek deposit delivered significant, shallow-depth resource growth at the Company’s 100%-owned Laverton gold project in WA.
HIGHLIGHTS:
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Mineral Resource at Beasley Creek deposit grows by 29%.
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Adds to significant growth at nearby Beasley Creek South.
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Metallurgical test work shows fast and high gold recovery rate.
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Beasley Creek area deposits are core to Laverton’s Stage 1 open pit development.
The updated Beasley Creek Mineral Resource is reported to a depth of 180m using 0.6g/t Au cut-off and on a dry tonnage basis and represents a 29% increase in total Mineral Resource, comparing to 191,000oz, which was announced on 25 Oct 2019.
Beasley Creek and Beasley Creek South deposits are core to the Laverton Stage 1 open pit production plan and the total Mineral Resource is now at 4.6Mt @ 2.43 g/t Au for 362,835oz. In addition, the recently completed metallurgical work demonstrates fast and high gold recoveries for both of the deposits.
Commenting on the Beasley Creek Mineral Resource growth, Focus Minerals’ CEO, Mr Zhaoya Wang, said:
“The Beasley Creek deposits continue to grow and offer Focus potential for low capital and operating cost oxide ore to launch Laverton’s Stage 1 open pit production. The PFS is well underway and will incorporate this latest resource upgrade. We look forward to delivering the positive PFS results to our shareholders by the end of this year.”
