Focus Minerals Ltd. (“Focus” or “the Company”) is pleased to report the exploration assay results for its recently completed drilling at Coolgardie. Focus is the largest landholder in the Coolgardie gold belt with over 450sq km of tenements in close proximity to its Three Mile Hill Mill. Focus while also looking to expand its near mill mineable reserves targeting higher grade, larger scale ore bodies.
Focus’ Interim CEO, Wanghong Yang, is pleased to announce that “following receipt of these most recent high grade results at Bonnie Vale, including the identification of a new mineralised reef, Focus is progressing Mineral Resource modelling for Bonnie Vale and expects to release a Maiden Resource in November
Focus’ Interim CEO, Wanghong Yang, is pleased to announce that “following receipt of these most recent high grade results at Bonnie Vale, including the identification of a new mineralised reef, Focus is progressing Mineral Resource modelling for Bonnie Vale and expects to release a Maiden Resource in November
The most recent Coolgardie campaign included a total of 51 RC holes for 9,470m across several targets close to Focus’ Three Mile Hill Processing Plant
35 RC holes were drilled at Bonnie Vale for 6,138m (Figure 2). The program was designed to test the extension and continuity of the high grade quartz reefs (See the 2014 ASX releases of July 30, October 9 and the 2015 ASX releases of January 21 and July 24) and to confirm the existence of additional high grade gold mineralisation in the area. Some infill holes were also drilled to enable Mineral Resource definition work to commence
Several holes in the most recent drilling intersected high grade gold mineralisation, including holes BONC090 and BONC114, which returned high - grade gold mineralisation of 2m @ 17.52g/t Au from 134m and 4m @ 14.31 g/t Au from 117m, respectively. This high grade gold mineralisation is particularly interesting as it is separate from the Main Quartz Reef and Focus believes it is an extension of the historically mined Westralia Lower Quartz Reef
Westralia Lower Reef is located about 500m NW of the Main Quartz Reef and the mineralisation is controlled by a north-south structure. Focus believes this area has strong potential as limited exploration has been conducted in this area over the past 30 years, with most of historic drilling limited to 60m in depth. Further drilling in the area has been planned
The drilling at Bonnie Vale’s Main Quartz Reef has extended the known gold mineralisation along strike and up dip(Figures 3-5).
Bayleys Extension
The Bayleys style of mineralisation remains one of the most important mineralisation types in Coolgardie area;Bayleys UG produced 289,000 oz @16.1g/t Au Further review of the historic drilling and production data indicates that there is still goodpotential to locate additional high grade gold mineralisation at depth under the existing historic mining area and along the strike of Bayleys mineralisation trend. In the most recent campaign, 6 RC holes were completed for 1,476m. The best results include 1m @ 4.58g/t from 225m in BSEC004, 4m @ 2.06g/t from 124m and 6m @ 1.33g/t from 137m in BSEC002 (Table A)
The wide range of gold mineralisation intercepted in BSEC002 indicates the Bayleys style mineralisation continues to extend to the south, so further drilling is being planned to further explore the Bayleys SE extension.
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Future Coolgardie Exploration
The Company is currently conducting further drilling in the Coolgardie area. As well as following up gold mineralisation anomaly areas delineated in the regional exploration program, the Company intends to target its future efforts on the Tindals and Bayleys areas
Source : Focus Minerals
Several holes in the most recent drilling intersected high grade gold mineralisation, including holes BONC090 and BONC114, which returned high - grade gold mineralisation of 2m @ 17.52g/t Au from 134m and 4m @ 14.31 g/t Au from 117m, respectively. This high grade gold mineralisation is particularly interesting as it is separate from the Main Quartz Reef and Focus believes it is an extension of the historically mined Westralia Lower Quartz Reef
Westralia Lower Reef is located about 500m NW of the Main Quartz Reef and the mineralisation is controlled by a north-south structure. Focus believes this area has strong potential as limited exploration has been conducted in this area over the past 30 years, with most of historic drilling limited to 60m in depth. Further drilling in the area has been planned
The drilling at Bonnie Vale’s Main Quartz Reef has extended the known gold mineralisation along strike and up dip(Figures 3-5).
Bayleys Extension
The Bayleys style of mineralisation remains one of the most important mineralisation types in Coolgardie area;Bayleys UG produced 289,000 oz @16.1g/t Au Further review of the historic drilling and production data indicates that there is still goodpotential to locate additional high grade gold mineralisation at depth under the existing historic mining area and along the strike of Bayleys mineralisation trend. In the most recent campaign, 6 RC holes were completed for 1,476m. The best results include 1m @ 4.58g/t from 225m in BSEC004, 4m @ 2.06g/t from 124m and 6m @ 1.33g/t from 137m in BSEC002 (Table A)
The wide range of gold mineralisation intercepted in BSEC002 indicates the Bayleys style mineralisation continues to extend to the south, so further drilling is being planned to further explore the Bayleys SE extension.
.
Future Coolgardie Exploration
The Company is currently conducting further drilling in the Coolgardie area. As well as following up gold mineralisation anomaly areas delineated in the regional exploration program, the Company intends to target its future efforts on the Tindals and Bayleys areas
Source : Focus Minerals
