Focus Minerals Ltd Stock Market Press Releases and Company Profile
Focus Minerals Limited (ASX:FML) Gold Resources Estimate At Cyanide Deposit Increased By 80%
Focus Minerals Limited (ASX:FML) Gold Resources Estimate At Cyanide Deposit Increased By 80%

Perth, June 3, 2010 AEST (ABN Newswire) - Gold producer Focus Minerals Limited (googlechartASX:FML) is pleased to announce a substantial increase in Indicated and Inferred Resources at the Company's underground Cyanide Project within the Tindal's Mining Centre, Coolgardie.

The updated JORC-compliant resource for the Cyanide Project totals 672,000t @ 5.5g/t Au for 117,800 contained ounces, comprising:

- An estimated Indicated Resource of 383,000t @ 5.4g/t for 66,100 contained ounces; and

- An approximate Inferred Resource of 289,000t @ 5.6g/t for 51,700 contained ounces.

This represents an 80% increase on the previously announced Inferred Resource of an estimated 367,000t @ 5.5g/t for 65,400 contained ounces.

Diligent validation of all available data and recent detailed technical work has provided confidence in the data and the Cyanide Resource. There remains significant upside to the Cyanide resource both along strike and at depth, with a second underground diamond rig arriving in July to commence expanding the Cyanide high-grade resource.

The resource upgrade at Cyanide has increased the underground resources at the Tindals Mining Centre by 20% to 2.4Mt @ 4.9g/t for 324,000 contained ounces with work underway to convert the increased Resource at the Cyanide deposit to Reserves.

Focus Chief Executive Officer Campbell Baird said this latest upgrade to the Cyanide resource highlights the massive potential that exists at the Tindals Mining Centre to continue to deliver additional high-grade resources and reserves.

"In the past 12 months, Focus has added 150,000 ounces to reserves and increased the resource base by over 250,000 ounces. The Tindals Mining Centre continues to deliver in spades for Focus. With increasing high-grade production coming from The Mount and our ongoing drilling programmes, Focus is cementing its position as a substantial mid-tier gold producer in Australia with a significant gold inventory and robust profit margins," said Mr Baird.

For the complete Focus Minerals announcement including Tables, please view the following link:

http://www.abnnewswire.net/media/en/docs/63014-ASX-FML-493267.pdf

About Focus Minerals Ltd

Focus MineralsWith over 3.8Moz of Mineral Resource, Focus Minerals Limited (ASX:FML) has a highly strategic portfolio of assets across Australia's two leading gold producing districts – the Kalgoorlie/Coolgardie belt and Laverton – and the financial muscle to continue to unlock further potential for growth.

abnnewswire.com 


Contact

Campbell Baird
CEO
Focus Minerals Ltd
Tel: +61-8-9215-7888
www.focusminerals.com.au



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