Beacon Minerals Limited (ASX:BCN) Receives Multiple Drill Program Approvals
Drill Program Approvals
Beacon Minerals has obtained Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) approvals for several drill programs at the Lady Ida Iguana, Black Cat South, and Mt Dimer Thunder projects. These approvals include grade control, waste dump sterilisation, laterite, and additional sterilisation and AC drill programs.
Progress Update
The Lady Ida Iguana diamond drill program is over 60% complete, with 5 out of 8 holes drilled. Beacon plans to operate two rigs over the next three months to further advance its exploration activities.
Executive Comments
Executive Chairman and Managing Director Graham McGarry stated, “The approval for various drill programs has finally been received. This has been a long and exhausting process. Beacon is now able to proceed with a series of AC and RC drill programs. It is envisaged that we will have two rigs working over the next three months.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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