West Australian gold explorer Focus Minerals (ASX: FML) today announced an update of the Burtville Open Pit Mineral Resource to support the pre-feasibility study (PFS) into a Stage 1 mining operation at the Laverton gold project.
HIGHLIGHTS:
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Independent Mineral Resource estimate for Burtville adds 110Koz Total Indicated and Inferred Mineral Resources.
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Local Uniform Conditioning (LUC) approach applied at Burtville generates comprehensive resource estimate.
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This practical approach to bulk style of Burtville mineralisation delivers resource estimate inclusive of reasonable open pit mining dilution.
The Burtville deposit is a core asset in the Company’s 100%-owned Laverton Gold Project (Laverton). Focus is well advanced in identifying sufficient open pit Mineral Resources on its highly prospective 386km2 Laverton tenements to commence a Stage 1 gold mining operation.
Today’s Mineral Resource update adds an extra 110koz across the Indicated and Inferred categories and highlights the potential for resource extension and possible link to Burtville South. The updated Burtville Mineral Resource estimate is reported on a dry tonnage basis using 0.6g/t Au cut-off to 340mRL (140m below surface – current limit of drilling) and comprises:
Commenting on the new Burtville Mineral Resource, Focus Minerals’ CEO, Mr Zhaoya Wang, said: “Our review of the Burtville Deposit has delivered an open-pit mineral resource estimate inclusive of reasonable mining recovery/dilution. This approach provides a comprehensive estimate of currently drilled gold endowment to a vertical depth of 140m. The updated mineral resource is the latest piece of positive exploration news at Laverton and will be incorporated into our PFS activities.”
