Focus Minerals – September 2010 Quarterly Activities Report
Monday, October 25th, 2010
Production during the September Quarter, which comprised 74 milling days, totalled 247,965 tonnes @ 2.03g/t for 15,300 ounces. The mill was unavailable for 17 days in the quarter due to toll milling commitments.
Cash production cost for the quarter was $932 per ounce.
Focus’ reserves continue to grow, with open pit reserves at 1,490,000 tonnes @ 1.8g/t and underground reserves growing to 1,218,000 tonnes @ 3.7g/t for a total reserve position of 2,709,000 tonnes for 229,800 ounces.
Total Reserves and Stocks position of 3,883,000t @ 2.1g/t for 265,500 ounces with 1,174,000t @ 0.9g/t for 35,700 ounces of surface stocks.
Cyanide orebody included in Tindals underground reserve with 392,000t @ 3.2g/t for 41,300 ounces.
Exploration and Resources
During the quarter $3.2 million was spent on exploration in Coolgardie.
Significant drilling results from second phase of drilling of the Perseverance North target, with intersections including:
– 4.4m @ 13.3g/t Au
– 2.2m @ 27.8g/t Au
Highly encouraging drilling results from first pass drilling at Happy Jack in order to test for high-grade ore potential, with intersections including:
– 8m @ 55.6g/t Au
– 2m @ 20.7g/t Au
– 4m @ 7.0g/t Au
Initial drilling of the 3D targeting model in the Lindsays – Bayleys area confirms the accuracy of the model and returns further exciting intersections including:
– 1.6m @ 36.0g/t Au
– 6.8m @ 5.8g/t Au
– 2.6m @ 10.0g/t Au