STRONG DRILL RESULTS SUPPORT OPEN PIT DEVELOPMENT STRATEGY•...

STRONG DRILL RESULTS SUPPORT OPEN PIT DEVELOPMENT STRATEGY
• Focus delivers high-grade drill results at two open pit targets at the Tindals Mining Centre
• Establishes maiden Mineral Resource at targets and identifies potential for future open pit development
• Drill results at the two targets deliver intersections including:
o 5m @ 26.3g/t Au
o 2m @ 25.7g/t Au
o 16m @ 2.7g/t Au
o 12m @ 3.9g/t Au
Australian gold producer Focus Minerals (ASX: FML) has delivered a strong set of drilling results and posted a maiden Mineral Resource at two surface targets at the Tindals Mining Centre in Coolgardie, supporting its strategy to deliver a sustainable 25-30,000 ounce per annum production from the operation for the next 5 years.
Drilling at the Undaunted and Lady Charlotte targets, both located at the Tindals Mining Centre, has delivered a series of high-grade intercepts including: 5m @ 26.3g/t, 2m @ 25.7g/t, 16m @ 2.7g/t, and 12m @ 3.9g/t (see Figure 1 & Appendix 1).
A 150 metre mineralised strike length has now been outlined at Undaunted and the deposit remains open at depth, with tightly folded mineralised diorites in the area showing strong similarities to Focus’ Countess underground operation nearby.
Focus is also pleased to announce that it has established a maiden combined JORC reportable Mineral Resource of 130,000t @ 2.0g/t for 8,250 ounces at Undaunted and 103,000t @ 2.0g/t for 6,500 ounces at Lady Charlotte (see Table 1).
Focus Minerals Chief Executive Campbell Baird said the high-grade intersections and delivery of a maiden resource supported the significant mine life potential for new open pit operations (Figure 2).
“This work has clearly shown the extraordinary gold endowment in the Coolgardie region and the success that comes with a dedication to exploration,” said Mr Baird.
“Over the last six months or so we have brought three pits into production and developed a number of targets into significant projects.
“These results indicate promise for ongoing open pit development in accordance with our surface growth strategy.”