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Focus Minerals Ltd.
Summary
| Project: | Coolgardie | |
|---|---|---|
| Deposit: | Coolgardie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-1-2017: Focus Minerals Ltd. announces an Exploration/Drilling Update report for its Coolgardie deposit at the Coolgardie project. Drilling results incl. 6m @ 6.29g/t Au from 57m at Possum deposit. After several successful drilling campaigns, Focus has | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Guo (Internal) | |
| ABSTRACT: | After several successful drilling campaigns, Focus has engaged Mining One Consultants to undertake preliminary feasibility studies (PFS) of the Bonnie Vale and Brilliant resources. These studies include mining, geology, metallurgy, hydrogeology and geotechnical reviews. If the results of the studies are positive, the PFS’ are expected to form the basis of JORC 2012 Ore Reserve assessment and Ore Reserve declarations for these important resources. Focus is continuing exploration while the PFS’ are being undertaken, as described below. Since the last Coolgardie exploration update (ASX 22 September 2016) 86 Reverse Circulation (RC) drill holes have been completed for 6,752m. Drilling was split between exploration program testing targets near Bonnie Vale and Tindals and a close-spaced drill program at Possum. Details of the two programs, including significant results, are summarised below. The locations of the targets of these programs are presented in Figure 1. Drilling at Coolgardie recommenced on January 25, 2017. The main focus of current work is RC exploration and infill drilling at Brilliant as well as resource in-filling and testing lode extensions and Bonnie Vale. In addition to the drilling program, a ground gravity survey program with 2,059 stations has been planned at Tindals area. At Lake Cowan, the company has planned a 3,300 stations gravity survey program at the east part of Lake Cowan, the purpose of which is to further understand the structural geology in the area with the aim to delineate gold targeting | |
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