No mucking about for these guys, floated last Friday!Dear...

No mucking about for these guys, floated last Friday!

Dear Sir/Madam
DRILLING COMMENCES AT GREENVALE COPPER-GOLD PROJECT
The company is pleased to advise that Reverse Circulation (‘RC’) drilling at its 100% owned Greenvale
Project has commenced, and represents the first exploration in the area for 15 years. The project is located
in Northern Queensland, 200 kilometres west of Townsville in a well known Mineral Province close to
existing copper/base metal mines, sealed roads, rail lines and the town of Greenvale.
A total of approximately 2,000m of RC drilling will test the strike continuity of the shallow oxide
mineralisation at the Cockie Copper-Gold Prospect, where previous drilling completed from 1988-1990
returned numerous, significant +0.5% Cu and 0.1g/t Au intercepts from surface over broad intervals.
Mineralisation has been located over 600m of strike, and is open in all directions. The mineralisation occurs
along the contact between a tonalitic intrusive and felsic volcanics and sediments. The historical drilling has
been completed over only 4% of the prospective mineralised contact which is interpreted to cover over 14
kilometres within the Company’s tenements.
Notable historical drill results are presented below;
Drillhole
ID
Easting
Northing
Drillhole
Depth (m)
Depth
From (m) Intercept
P6 2047 2474 14 0 14m @ 0.5% Cu, 0.21g/t Au
P11 2000 2505 110 48 62m @ 0.61% Cu, 0.15g/t Au
Including 76 24m @ 0.9% Cu,
P12 1997 2404 88 10m @ 0.52% Cu
P15 2045 2476 15 0 15m @ 0.5%Cu, 0.11/gt Au
P16 2000 2471 40 0 40m @ 0.8% Cu, 0.15 g/t Au
Including 28 6m @ 1.8% Cu, 0.15g/t Au
D1 2000 2600 250 76 142m @ 0.3% Cu
Including 180 36m @ 0.6% Cu
D2 1850 2500 218 122 34m @ 0.5% Cu
D3 1710 2380 150 51 53m @ 0.5% Cu
A – Suite 4, 17 Ogilvie Road Mount Pleasant WA 6153 P – 08 93164532 F – 08 93642564 E – [email protected]
www.beaconminerals.com
Potentially economic values of molybdenum and silver are associated with the mineralisation, although not
all holes were analysed for these elements by the previous explorers. Beacon will test for a suite of
elements to gain a better understanding of the mineral assemblage at the Cockie Prospect.
The Directors of Beacon believe the Greenvale Project offers good potential to develop shallow oxidized
copper resources that could provide early cash flow, and also consider the area as highly prospective for
large tonnage intrusive related copper-gold mineralisation along the 14km long mineralised trend.
Base Metals Potential
Located 15km northwest of the Company’s Greenvale Project, the Balcooma –Dry River South base metal
deposit is hosted within a package of felsic volcanic rocks belonging to the Lugano Metamorphics. This
sequence of rocks is also found within Beacons ground, and previous drilling intersected massive sulphide
lenses anomalous in copper and gold at the One Mile Dam Prospect, located 5km southwest of the Cockie
Prospect. Geological mapping located other gossans away from the area drilled that returned gold assays
to 1.8g/t Au, whilst ground EM located a strong conductor to the north of the drilling. A large, bullseye
magnetic target occurs to the south of the known gossans. Both of these targets have not been followed
up, and present themselves as priority exploration targets.
The company also intends to immediately commence regional exploration aimed at discovering further drill
targets along the interpreted 14km long copper-gold mineralised trend, as well as focussing on the
potential of the area to hosted base metal mineralisation similar to that found at Balcooma.
Assay results are expected in the next three to four weeks and the company will notify the market as soon
as possible.
For further information contact Lyle Thorne on 08-93164532 or visit the company’s website at
www.beaconminerals.com
Lyle Thorne
Managing Director
In accordance with Listing Rules 5.6 of the Australian Stock Exchange, the technical information
contained in this report has been compiled by Mr. Lyle Thorne, a full time employee of Beacon Minerals
Ltd. Mr. Thorne is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and has
the relevant experience with the mineralisation reported on to qualify as a Competent Person as defined
by the Australasian Code for Reporting of Mineral Resources and Reserves. Mr. Thorne consents to the
inclusion in the report of the matters based on the information in the form and context in which it appears.
A – Suite 4, 17 Ogilvie Road Mount Pleasant WA 6153 P – 08 93164532 F – 08 93642564 E – [email protected]
www.beaconminerals.com