Focus Minerals Limited (ASX: FML)
ASX RELEASE
11
August 2009
Exploration Drilling Delivers Further High-Grade Gold Intercepts at Tindals Mining
Centre
HIGHLIGHTS
Latest underground diamond drilling
continues to confirm extensions to Perseverance ore body; high-grade results
from first five holes in current program include:
o 5.41m @ 33.03g/t Au;
o 3.99m @ 11.62g/t Au; and
o 1.45m @ 11.89g/t Au.
Follows up
excellent results achieved from drilling program at Perseverance South
undertaken earlier in the year.
Drilling forms part of an ongoing
diamond drilling campaign targeting strike and depth extensions of known
deposits at the Tindals Mining Centre.
Australian-based gold producer Focus
Minerals Ltd (ASX: FML; Focus) is pleased to announce further significant
high-grade gold intersections from the current round of drilling being
undertaken at the Tindals Mining Centre, part of the
Company’s Coolgardie Gold Project located in Western Australia’s
Eastern Goldfields region.
The diamond drill rig is currently
drilling underground at the Perseverance deposit,
where
assay results from the first five holes have just been received (see Table 1).
These results included high-grade
down hole intercepts of 5.41m at 33.03g/t, 3.99m at
11.62g/t, and 1.45m at 11.89g/t and were intersected 15 metres below the lowest
developed level at Perseverance (225mRL).
Drilling continues at Perseverance
down dip from these results, proximal to the high-grade results which were
announced to the ASX on 1 April this year.
The current results are part of an ongoing
diamond drilling campaign aimed at substantially increasing Focus? gold Reserve base ahead of the commissioning of the Company’s
1.2Mtpa Three Mile Hill processing plant later this year.
ENDS
Table1 - Perseverance Diamond Drill Results, current
programme to date (in local Tindals
grid).
Hole Number
|
Northing
|
Easting
|
RL
|
Azimuth
|
Dip
|
Total
Depth
|
From (m)
|
To
(m)
|
Down
Hole Width (m)
|
True Width (m)
|
Grade
(g/t Au)
|
PED025
|
9777.6
|
5293.1
|
232
|
260
|
-11
|
140
|
32.00
|
35.44
|
3.44
|
3.37
|
4.96
|
52.01
|
56.00
|
3.99
|
3.91
|
11.62
|
PED026
|
9777.6
|
5293.1
|
232
|
275
|
-14
|
120
|
59.95
|
63.67
|
3.72
|
3.61
|
1.15
|
65.09
|
70.50
|
5.41
|
5.25
|
33.03
|
PED027
|
9777.6
|
5293.1
|
232
|
301
|
-16
|
116
|
55.85
|
56.63
|
0.78
|
0.74
|
4.33
|
PED028
|
9777.6
|
5293.1
|
232
|
322
|
-14
|
110
|
No
Significant Intercepts
|
PED029
|
9777.6
|
5293.1
|
232
|
256
|
-28
|
110
|
38.55
|
40.00
|
1.45
|
1.27
|
11.89
|
42.50
|
48.78
|
6.28
|
5.49
|
3.64
|
50.34
|
52.71
|
2.37
|
2.07
|
4.86
|
63.00
|
66.00
|
3.00
|
2.64
|
3.67
|
70.00
|
71.05
|
1.05
|
0.92
|
8.03
|
COMPETENT PERSON’S STATEMENT
The information in this report
relating to Resources is based on work supervised by Dr Garry Adams who is a
member of the Australasian Institute of Mining and Metallurgy (AusIMM). Dr. Adams has the relevant experience as a
Competent Person as defined in the 2004 edition of the Australasian Code for
Reporting of Mineral Resources and Ore Reserves in relation to the
mineralisation being reported. Dr. Adams is Exploration Manager of Focus
Minerals Ltd and consents to the inclusion of the material in the form and
content in which it appears.
BACKGROUND INFORMATION
FOCUS MINERALS LTD
Focus Minerals Ltd (ASX: FML)
is an Australian-based exploration and development group whose focus is to
become a significant gold and nickel producer in the Coolgardie-Kalgoorlie-Widgiemooltha region of Western Australia.
Focus Minerals is the largest
landholder in the Coolgardie Gold Belt located in Western Australia, 560km east
of Perth and 35km west of the Super Pit in Kalgoorlie-Boulder. More than 2.6
million ounces of gold has been produced from the Coolgardie gold belt alone
since 1892. Focus holds the mineral rights to more than 210sq km of tenements
including an extensive inventory of Measured, Indicated and Inferred gold
resources as well as the 1.2mtpa Three Mile Hill processing plant.
Focus commenced maiden commercial
gold production in April 2008 through ore sourced from the Company’s
flagship Perseverance Deposit (Probable Reserve of 129,000oz). Earlier this
year, the nearby Countess Deposit (Probable Reserve of 29,000oz) was also
brought into production with ore from both deposits currently being milled at
the nearby Greenfields treatment plant.