Industrial Minerals Ltd is pleased to provide an update on its Laverton Gold Project, reporting a compilation of significant historic drilling results from the Majestic prospect (E38/4062), located within the Laverton Tectonic Zone in the Eastern Goldfields of Western Australia.
Majestic lies on a northeast-trending shear corridor immediately west of the Far Eastern Fault, approximately 2.5km south of Genesis Minerals’ Barnicoat deposit (230 Koz @ 1.7 g/t Au). The two areas share the same banded iron formation (BIF) host sequence and structural setting, making Barnicoat a direct geological analogue for the style and scale of mineralisation being targeted at Majestic.
Read the full announcement here.