West Australian gold company Focus Minerals (ASX: FML) has announced a maiden Mineral Resource estimate for the Euro North deposit and an updated open pit Mineral Resource estimate for the Euro South deposit, both at the company’s 100%-owned Laverton Gold Project.
The updated open pit Mineral Resource for the Euro deposits, which are separated by only
150m strike, includes targeted drilling completed at Euro North in 2019 and 2021 as well as a detailed
review of past drilling. The Euro South resource model was updated to JORC 2012 standard with a
substantial increase in Indicated resources.
The updated resource figures are:
- Maiden JORC 2012 open pit Mineral Resource for Euro North of 837Kt @ 2.06 g/t for 55.3Koz
- Euro South open pit Mineral Resource rebuilt to 572Kt @ 1.42 g/t for 26Koz, including a 73% increase in the Indicated category
- Combined Euro North-South open pit Mineral Resources of 1.41Mt @ 1.8 g/t for 81.3Koz, an increase of 162%
The Laverton Gold Project covers 362m2 of highly prospective tenements, including the historic Lancefield and Chatterbox trend mines, on the outskirts of the Laverton township in the Goldfields region.
Focus’ strategy is to identify sufficient open pit Mineral Resources across the Laverton tenement package to update the Stage 1 Open Pit PFS announced in March 2021.
“These increased Mineral Resources at our Laverton Gold Project continue our technical team’s
successful campaign which assists the Company’s objective of adding value to Laverton for the
benefit of all shareholders,” executive chairman Wanghong Yang said.
“The shallow gold resources at Euro represent an attractive open-pit mining
option for inclusion in future economic evaluations.”
