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Beacon Minerals Limited (ASX:BCN)

ALERT: Price-sensitive ASX Announcement for BCN
Current share price for BCN : $3.060 -0.34 (-10%)+
Announcement
Release
12 Jan 2026 8:27AM
Price at Release
$3.400
Full Release
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Summary
Beacon Minerals Limited reported further Resource Definition Drilling results at the Iguana Deposit, part of the Lady Ida Project on the Mount Ida Greenstone Belt. This phase of drilling included 104 RC holes covering 14,787 metres, revealing significant high-grade gold mineralization at various depths and highlighting the continuity of mineralization zones. The deposit exhibits early stage sulphide-rich and later stage quartz-fuchsite mineralization styles. These results will inform the upcoming Resource and Reserves update anticipated by the end of the financial year.
Key Points
  • Beacon has received assay results for a further 104 RC holes totalling 14,787 metres.
  • High grade gold mineralization identified at various depths.
  • Significant mineralisation zones with high continuity and super high-grade zones.
  • Results will contribute to a Resource and Reserves update planned for the financial year end.
  • The Iguana Deposit is part of the Lady Ida Project located on the Mount Ida Greenstone Belt.
  • The mineralisation is structurally and hydrothermally controlled.
  • The deposit exhibits two distinct mineralisation styles: early stage sulphide-rich and later stage quartz-fuchsite.
  • Drilling results indicate strong grade continuity at depth.
  • Mineral tenement consists of M16/262 and other associated areas under agreement.
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.