Focus sharpens on Treasure Island

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THE DRILL SERGEANT: Focus Minerals told the market that reconnaissance drilling at its Treasure Island gold project has confirmed a gold bearing system running through the project appears to be much longer in potential strike length than initial estimates.

The Treasure Island gold project on Lake Cowan is located 35 kilometres south-south east along strike from the major gold camp of Kambalda St Ives in Western Australia.

Having received final assays from a reconnaissance aircore drilling program it conducted during the December quarter 2011, Focus has concluded the newly discovered gold bearing system extends for over a 4km strike length through the project, up from its initial estimate of 1.2km.

The company said the latest results also demonstrate the structural complexities of the gold system.

 

Cross Section showing how aircore drilling is identifying the supergene
zone which indicates the potential for a primary ore zone. Source:
Company announcement

“This drilling program has enabled us to identify the supergene zone hot spots that point to the potential primary ore zones beneath the lake sediment,” Treasure Island principal geologist Dean Goodwin said in the Focus Minerals announcement to the Australian Securities Exchange.

“What we are starting to see as we map these is not only a significant increase in the length of the gold system, but also evidence of a lot of structural complexity which is similar to what you see at St Ives. Complexity is the key to finding substantial gold deposits.”

Goodwin said that since Focus had released the preliminary aircore results in November 2011, a further 12 holes had returned composite samples of greater than 50 parts per billion.

“This shows a strong signature as to the existence of the gold bearing structures beneath the lake. We’re excited by the potential,” Goodwin said.

Focus began infill aircore drilling in January 2012, which the company said it expected to produce multiple targets that will subsequently be tested by diamond drilling.

The company expects to have the results from this infill program in approximately one month’s time.