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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumFML Bonanza Grades and plenty more to come

  • Focus Minerals (ASX: FML) is a currently producing gold miner with a very extensive exploration portfolio*. Focus have amalgamated nearly all of the gold fields surrounding the Coolgardie region. In addition they have their own plant and produced 40,000 ozs of gold so far this year with plenty of upside to come from a plant upgrade. (Targeting 130,000 ozs in 2012.)  Their current resource is 2,026,879 ozs.

    The recent strike at Happy Jack gave the near surface bonanza grades including: Best results of 8m @ 55.6g/t Au and 2m @ 20.7g/t Au reveal large extension of high-grade zone. 8m @ 55.6g/t Au from 114m (with visible Au)
    o 2m @ 20.7g/t Au from 29 metres
    o 4m @ 7.0g/t Au from 75 metres, and
    o 2m @ 5.3g/t Au from 88 metres.

    *Focus Minerals is the largest landholder in the Coolgardie Gold Belt located in Western Australia, 560km east of Perth and 35km west of the ‘Super Pit’ in Kalgoorlie-Boulder. More than 2.6 million ounces of gold has been produced from the Coolgardie gold belt alone since 1892. Focus holds the mineral rights to more than 305sq km of tenements including an extensive inventory of Measured, Indicated and Inferred gold resources as well as the 1.2mtpa Three Mile Hill processing plant.

    fml-holdings

  • Forgot to say that FML have some nice nickel ground as well.

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