Beacon Minerals Ltd

Overview

Beacon Minerals Ltd (ASX code: BCN) is a Western Australian based mineral exploration company focused on quality Australian assets.

The company's primary focus is the Barlee gold project in 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.

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Contact Details

Beacon Minerals Ltd
Suite 1, 437 Roberts Road Subiaco WA 6008

Phone: (08) 9476 9200
Fax: (08) 9381 1122
Email:

ASX Code

BCN: Fully paid shares