Beacon Minerals Limited (ASX: BCN) – $0.005
03 Mar 2015
Beacon Minerals Limited (ASX: BCN) has completed its shallow drilling program at the Golden Raven prospect within the Sandstone West Project located approximately 6km west of Sandstone in Western Australia (Figure 1).
Figure 1. Regional location and geological setting of Sandstone
The drilling program comprised 64 shallow vertical drillholes for a total of 385 metres drilled. The program was designed to test the top 6 metres of the regolith profile for economic accumulations of gold at the Golden Raven prospect.
Assay result highlights include:
- 1 metre at 7.42ppm gold
- 6 metres at 20.00ppm gold
- 4 metres at 8.29ppm gold
- 4 metres at 3.41ppm gold
These results indicate the presence of gold mineralisation within the upper parts of the in situ portion of the regolith profile.
The company has planned to complete a follow up program with deeper aircore drilling and potentially reverse circulation drilling to test the entire regolith profile and the hypogene below the identified prospect area at Golden Raven. The company will also consider a broader program of prospect based and regional auger geochemistry.
For further information, visit www.beaconminerals.com
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