Beacon Minerals Limited (ASX: BCN), a Western Australian gold producer with its flagship Jaurdi Gold Project, has announced the final batch of assay results from its Stage 2 grade control drill program at the Lady Ida-Iguana Deposit. Beacon is focused on developing and operating near-surface, high-grade gold projects. The drilling program, comprising 298 holes and 16,506 metres, aimed to increase geological confidence in the Iguana Stage 1 Pit.
The latest assay results have identified multiple mineralised zones, including high-grade intersections. Key highlights include 1 metre @ 61.1 g/t gold from 53 metres (IGGC_430), 3 metres @ 17.3 g/t gold from 26 metres (IGGC_438), including 1 metre @ 47.0 g/t gold from 27 metres, and 3 metres @ 18.1 g/t gold from 28 metres (IGGC_416), including 1 metre @ 41.2 g/t gold from 30 metres. The company also reported 1 metre @ 26.0 g/t gold from 1 metre (IGGC_488).
Beacon Minerals also addressed previously reported results from June 18, 2025, and July 29, 2025, clarifying that a 60 g/t top cut had been incorrectly applied. Updated results with the top cut removed were provided for drillholes IGGC_066 and IGGT_003, revealing higher gold grades than initially stated. The company has also confirmed historical high-grade intersections in the Northwest Corridor, including 13 metres @ 6.9 g/t gold from 69 metres (IGGC_205), including 1 metre @ 31.9 g/t gold from 69 metres.
Graham McGarry, Beacon Minerals’ Executive Chairman and Managing Director, expressed his satisfaction with the results. He noted the continued high grades and strong continuity of the Iguana deposit, as well as the exceptionally high-grade intercepts in the Northwest corridor. The company anticipates an updated Mineral Resource Estimate in late October 2025.
