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Beacon exercises option to acquire Jaurdi gold project expansion tenement

Beacon Minerals Ltd. said June 7 that it further expanded its Jaurdi gold project in Western Australia by exercising an option to purchase exploration license E16/469.

The acquired license is contiguous with mining lease 16/529 and contains over 9,000 ounces of the Lost Dog deposit's mineral resource, the miner said. An updated resource estimate for the Lost Dog deposit hosts measured, indicated and inferred resources of 2.88 million tonnes at 1.76 g/t of gold for 163,100 contained ounces.

Meanwhile, Beacon began an auger drilling program on prospecting licenses P16/2925 and P16/2926, part of an option deal with Australian Livestock Suppliers Pty. Ltd., which will complete auger soil geochemical coverage of the tenements to determine gold prospectively of the ground.