Beacon Minerals (ASX:BCN) identified high-grade gold mineralization during recent drilling at its Iguana deposit within the Lady Ida Project in Western Australia, according to a Tuesday Australian bourse filing.
The results were up to 5 meters at 8.78 grams per tonne gold from 32 meters and 13.3 meters at 16.32 grams per tonne gold from 76.2 meters.
The diamond drilling results will be incorporated into an updated mineral resource estimate in the first quarter of fiscal 2026 or 2027, the filing added.
The company's shares shed about 1% in recent Tuesday trade.
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