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Focus Minerals defines 1st Beasley Creek resource at Laverton gold project

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Focus Minerals defines 1st Beasley Creek resource at Laverton gold project

Focus Minerals Ltd. outlined an initial resource estimate for the Beasley Creek deposit, part of its Laverton gold project in Western Australia, of 191,900 ounces of contained gold.

The deposit hosts indicated and inferred resources of 2.7 million tonnes grading 2.24 g/t gold, at a cutoff of 0.8 g/t gold.

The company is working to establish a resource to underpin a stage-one, life-of-mine production profile of at least five years at Laverton, CEO Zhaoya Wang said in an Oct. 25 release.

Higher-confidence indicated resources form the bulk of the estimate with 2 Mt at 2.41 g/t gold for 156,500 ounces. The estimate is based on data from 275 drill holes mainly completed in 2018 and 2019.

Focus Minerals intends to conduct further drilling, test work and studies across the Laverton project in the fourth quarter of 2019 and the first quarter of 2020.

In late March, the company posted a 25% jump in resources at the Karridale deposit, also at Laverton, with contained gold estimated at 672,000 ounces.