Western Australian gold explorer Focus Minerals (ASX: FML) has announced a large number of high-grade intersections from a resource infill drilling program at Karridale, part of the Company’s 100%-owned Laverton Gold Project in the north-eastern Goldfields.
The program was primarily designed to convert the Inferred Resource at Karridale into Indicated Resource under the JORC 2012 standard. A Mineral Resource update for Karridale is expected before the end of this year.
Karridale is one of several significant deposits and prospects across Focus’ Laverton Gold Project, which covers a 507 square kilometre parcel of highly prospective tenements on the outskirts of the Laverton township.
Between July and September 2019, reverse circulation (RC) and diamond drilling activities were conducted at Karridale. In total, 85 RC holes were completed for 15,556m.
A further seven RC pre-collars were completed for 989m and followed by seven diamond tails, which were completed for 526.2m. Focus can report that the drilling at Karridale returned a large number of significant high-grade intersections including:
· 19KARC061 – 12.00m @ 7.63g/t Au from 140m
· 19KARC044 – 4.00m @ 18.17g/t Au from 78m
· 19KARC101 – 4.00m @ 16.84g/t Au from 150m
· 19KARC091 – 8.00m @ 7.94g/t Au from 114m
· 19KARC028 – 3.00m @ 18.76g/t Au from 187m
· 19KARC050 – 4.00m @ 13.67g/t Au from 7m
Focus is expecting the final assay results to be returned from the laboratory early next month. Once the assays are received, Focus will immediately begin to update the Karridale resource model.
Commenting on the highly successful drilling programme at Karridale, Focus Minerals CEO, Mr Zhaoya Wang, said: “It is pleasing to see more high-grade intersections at Karridale to support the upcoming mineral resource estimation.
“The drilling results will be used to upgrade the majority of the Inferred Resource at Karridale to Indicated status. This will enable us to include Karridale in our economic assessment of the Stage 1 and 2 production phases for the Laverton Gold Project.”