Beacon Minerals Limited (ASX: BCN) has announced the latest Mineral Resource Estimate (MRE) for the Geko Open Pit in Western Australia. The MRE indicates a total of 1,378,000 tonnes of ore with an average grade of 1.3 grams per tonne (g/t) of gold, resulting in 57,000 ounces of gold. The Mineral Resource is located below the existing pit floor of Geko Pit and remains open at depth, showing no signs of termination.
Additionally, Geko Low Grade Stockpiles have been estimated to contain 326,000 tonnes of ore with an average grade of 1.0 g/t Au, resulting in 10,000 ounces of gold in the Measured and Indicated categories. Beacon Minerals is currently preparing a Mineral Reserve based on the revised Geko Mineral Resource. The Geko Deposit, located 15km from the Jaurdi Mill via unsealed roads, will complement the existing milling requirements of the company. This acquisition is part of Beacon's strategy to increase mine life and enhance milling capacity at Jaurdi by utilizing the close proximity of the Geko resource to existing infrastructure.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
