Focus Minerals recently acquired a 100 per cent stake in the Treasure Island Gold Project near Kambalda in the Western Australian Eastern Goldfields.
Treasure Island sits on the southern extension of the Boulder-Lefroy Fault, which hosts numerous high-grade gold and nickel deposits, including the Kalgoorlie Super Pit and the recently discovered high-grade Athena gold deposit. The lease covers 95 square kilometres and Focus holds an option to acquire a further 110 square kilometres.
Based on a detailed aeromagnetic survey in conjunction with geological mapping and rock chip sampling Focus believes the Treasure Island Gold Project offers immense potential.
In November 2010, Focus announced that gold grades of up to 55g/t had been recovered from rock chip sampling of substantial quartz veining at the Treasure Island project.
Mapping has now identified multiple high-grade veins carrying visible gold and of +300m in strike length. Drilling commenced at Treasure Island in March 2011 and Focus will look to significantly advance the project during 2011.