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Beacon Minerals (ASX:BCN) has completed the maiden JORC resource estimate totalling 156,500 ounces for the Jaurdi Gold Project, 35 kilometres northwest of Coolgardie in Western Australia.
The Jaurdi Gold Project is close to infrastructure, including public and private road access to Coolgardie and Kalgoorlie.
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Beacon Minerals Ltd (ASX:BCN) has been granted a trading halt by the ASX pending an update on an agreement in relation to the processing of refractory ore. The halt will remain in place until the opening of trade on Wednesday 13th July 2016, or earlier if an announcement is made to the market. Earlier this year Beacon released a metallurgical program with Northern Star Resources Ltd (ASX:NST). Testworks were being completed independently by a Perth based laboratory.