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Beacon Minerals Limited (ASX:BCN)
ALERT: Price-sensitive ASX Announcement for BCN
Current share price for BCN : $2.970 0.65 (28.02%)+
Announcement
Release
22 Sep 2025 10:10AM
Price at Release
$2.320
Full Release
Summary
Beacon Minerals Limited has completed the Stage 2 grade control drill program at the Iguana deposit, which involved 298 reverse circulation drill holes over 16,506 metres. The final batch of assay results confirmed historical high-grade intersections and revealed additional zones of significant mineralisation, including notable high-grade gold intercepts. The company corrected previously reported results by removing a 60 g/t top cut applied in earlier announcements. Beacon Minerals plans to release an updated Mineral Resource Estimate for the Iguana deposit in October 2025, reflecting these findings.
Key Points
- Beacon Minerals completed a 298 hole, 16,506 metre RC drill program at the Iguana deposit.
- The final batch of assay results revealed significant mineralisation zones.
- Significant high-grade intersections were identified, including 1 metre at 61.1 g/t gold from 53 metres.
- Historical drill results were confirmed and updated, removing previously applied top cuts.
- Beacon Minerals is preparing for an updated Mineral Resource Estimate in October 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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