ASX ANNOUNCEMENT
16 February 2014
BEACON TO ACQUIRE AND FARM IN TO HIGHLY PROSPECTIVE WA GOLD GROUND
Highlights
- BeaconsecuresexclusiveoptiontopurchasehighlyprospectiveExplorationLicence57/921near Sandstone, Western Australia
- rockchipandsoilsampleresultswithinandadjacenttoaShallowProspectingExcavationonE57/921 THIS IS THE GOLDEN RAVEN TENEMENT WHERE THEY DIDNT FIND ANY SHALLOW ORE BUT THEY DID FIND THE RIGHT CONDITIONS: include >100 ppm gold and 26.68 ppm gold
- Inaddition,BeaconhasenteredintoFarm-inwithBlackOakMineralsLimited(ASX:BOK)ontheadjacent
tenements E57/961, BCN JUST BOUGHT THIS FROM BLACK OAK DURING/AFTERLIQUIDATION AS PER THIER LAST QUARTERLY P57/1108 and P57/1109
I have been looking through the BCN and BOK reports but haven't found much on E57/961. BCN mentioned they were going to talk about it in their June quarterly which is due before the end of the month to my knowledge (ASX listing rule 5.3).
Some potential perhaps...
is cash backing 0.5c now?, page-44
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