Focus Minerals, Western Australia’s newest gold producer (ASX: FML) has announced mineral resource updates at Bonnie Vale.
The updated Bonnie Vale underground mineral resource is reported on a dry tonnage basis using 1.5g/t cut off below 315mRL. It is compared to the 2020 mineral resource reported at 1.4 g/t cut off.
Compared to the 2020 mineral resource, underground indicated mineral resource ounces increased by 40% with 4.6% improvement in grade, and the total underground indicated and inferred mineral resource ounces increased by 16%. Also, overall indicated and inferred mineral resource ounces at Bonnie Vale, including potentially open pitable and historic tails, increased by 40%.
Focus’ Minerals executive chairman, Mr. Wanghong Yang, said “The updated mineral resources enable the next phase of economic assessment and advanced mine design. These developments will lead to updated ore reserves estimates and provide the basis for submissions for mine approvals.”
Bonnie Vale is part of the Coolgardie Gold Project (CGP), which covers 121km2 of highly prospective tenements on the outskirts of the Coolgardie township in the Goldfields. The Bonnie Vale underground development is part of the announced mine plan for the CGP and provides high-grade and high-value mineralization with excellent recovery characteristics.
The historic Bonnie Vale tails comprise previously milled Bonnie Vale quartz veins and resemble a quartz sand. The tails material is free dig and does not require crushing or significant grinding. For the purpose of mechanized load/haul and considering the material has already been crushed/ground, a cut off of 0.4 g/t is used to discriminate mineable and recoverable volumes.
To find out more, please visit www.focusminerals.com.au
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