West Australian gold explorer Focus Minerals (ASX: FML) has announced that staged diamond drilling at the Beasley Creek South deposit, part of the Company’s 100%-owned Laverton Gold Project, has delivered more strongly mineralised intersections.
Beasley Creek South (BCS) is 400m from the Beasley Creek deposit, which is one of several significant gold assets that make up the Laverton Gold Project (Laverton). Focus is well advanced in identifying sufficient mineral resources across Laverton’s highly prospective 386km2 parcel of tenements to underpin development of a Stage 1 gold mining operation.
Focus resumed diamond drilling at BCS in January and the campaign has continued into the June 2020 Quarter. The best five intersections recorded from drilling completed in the March 2020 Quarter included:
20BSDD014 – 11.8m @ 3.17g/t Au from 112m (37 GxM ) including 5.9% core loss.
20BSDD008 – 6m @ 5.36g/t Au from 139m (32 GxM ) including 10.8% core loss.
20BSDD002 – 11.6m @ 2.59g/t Au from 60m (30 GxM ) including 4.7% core loss.
20BSDD018 – 12m @ 1.84g/t Au from 143m (22 GxM ) including 9.2% core loss.
20BSDD016 – 8m @ 2.13g/t Au from 167m (17 GxM ) including 23.1% core loss.
Focus drilled 4,571m at BCS during the March 2020 Quarter and remains on track to complete staged resource drilling in May. A resource estimation for BCS is expected to be completed in the June 2020 Quarter.
In addition, 10 diamond and reverse circulation (RC) holes were completed at Beasley Creek late in the March 2020 Quarter for 1,577m.
Also during the March 2020 Quarter, three diamond drill holes were completed at Lake Carey for 1,294m. Lake Carey is part of Focus’ proposed Stage 2 gold mining operation. All holes intersected targeted BIF units with the southern hole encountered significant structure and alteration. Core processing will be completed in April.
Commenting on the diamond drilling at BCS, Focus Minerals CEO, Mr Zhaoya Wang, said: “Beasley Creek South is a priority resource development opportunity to bolster our Stage 1 open pit mine development at Laverton. The results achieved so far this year support fast-tracking this resource to be included in ongoing Stage 1 mine studies.”