West Australian gold explorer Focus Minerals (ASX: FML) has provided an update on its Laverton gold project in WA.
HIGHLIGHTS:
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Beasley Creek Area continues to deliver high-grade intersections, including:
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20BSRD005 – 10.05m @ 9.13g/t Au from 252.25m; and
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20BSRD012 – 6m @ 31.06g/t Au from 32m.
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Further Mineral Resource upgrades expected in Q3 2020.
Beasley Creek Area
Beasley Creek South
In late June, Focus received the assay results of the deepest hole to date at Beasley Creek South – 20BSRD005.
Hole 20BSRD005 intersected the main lode at 230m vertical depth from surface and also delivered several strong hanging wall mineralisation intersections. The hole was stopped in mineralisation due to drilling issues but, still recorded a very strong intersection.
The result of 20BSRD005 was not included in the JORC 2012 Mineral Resource upgrade due to the late arrival of the result.
Beasley Creek
The recent drilling campaign was strategically targeted to:
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Infill parts of the resource not optimising due to insufficient drilling/lower resource classification; and
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Gamma logging to refine bulk density of geological domains for Mineral Resource upgrade in Q3 2020.
Hole 20BSRD012 intersected a new high-grade structure in weathered mafic volcanics.
The structure was intersected in the pre-collar to a diamond tail. The area has almost no drilling and the significance of the intersection will be determined by follow up drilling.
To confirm the nature of high-grade mineralisation intersected by this hole a small sample from interval 33 – 34m was panned and returned a tail of gold.
In addition to the strong intersection from 20BSRD012, drill holes returned with assay results larger than 18 GxM (grade multiplied by interval).
Karridale
Data Acquisition for the Stage 1 Pre-feasibility Study
During the June quarter 2020, three diamond holes were drilled from surface at Karridale for 537.8m. The holes were targeted to intersect optimised pit walls from the scoping study. These holes will be used for:
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Geotechnical logging to refine PFS open pit design.
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PQ3 core was predominantly drilled so that sufficient sample for comminution test work was available to inform the Stage 1 PFS.
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All holes were gamma logged to refine bulk density determination ahead of the Mineral Resource upgrade in Q3 2020.
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The holes have been wrapped in plastic and will not be cut for assay until after all metallurgical sampling has been concluded.
Lake Carey
Final results were received from the Lake Carey drilling program. No assays above 0.5 g/t Au were returned. Some multi-element sampling will be completed to assess if there are any pathfinder vectors associated with strong alteration intersected by hole 20LCDD001.
