Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

BEACON MINERALS LIMITED

ASX: BCN

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Beacon Minerals Limited is an Australian Securities Exchange listed public company (ASX Code: BCN) based in Perth, Western Australia.

Beacon Minerals Limited is solely focused on exploring and developing the Barlee Gold Project in Western Australia. Beacon Minerals Limited currently has a base JOR inferred resource of 384,000 tonnes @ 6.0g/t AU for 74,000 oz AU. We are agressively exploring the 300 square kilometres of tenement area to increase the current shallow high grade ore resource.

Beacon Minerals Limited has the commercial, geological and financial expertise to maximise the value of its mineral projects and deliver substantial value growth to its shareholders.

Barlee Project, Western Australia

At the companies Barlee Gold Project in Western Australia, Beacon has completed approximately 43,000 meters of RC and RAB drilling. A base JORC resource has been established for the Halleys East prospect and regional drilling and aeromagnetic interpretation has identified numerous additional gold targets hosted within the shear zones.

The company plans to aggressively explore this under explored greenstone region to unlock its true value and develop a low cost gold production facility. Numerous regional targets exist and to date less than 15% of the tenement has been systematically drilled.

An initial JORC resource for Halleys East of 74,000 ozs provides a solid base on which the company can build, in order to achieve its exploration target of plus 500,000 ozs. The gold mineralisation to date occurs in the shallow oxidized zone and is extremely high grade. These high grades, and low cost open pit mining, will provide extremely low operating costs for future operations.

Mine For

gold

Location of operation(s)

Western Australia

Address

Level 2, 46 Ord St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9476 9200

Email

Website


Last Updated

3/5/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.