Classic Minerals is an emerging West Australian exploration company

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New Address and Phone

71 Furniss Road, Landsdale WA 6065
Phone: (08) 6305 0221

HIGH-GRADE GOLD AT FORRESTANIA

Classic Acquires Additional Forrestania Tenements – Grows Resource at FGP to 240,650 oz Au

Classic Completes Positive Scoping Study at the Forrestania Gold Project

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About Classic Minerals

Classic Minerals is an exploration and development company focused on gold deposits in Western Australia’s famous Goldfields region. In March 2017, Classic acquired the Forrestania Gold Project, with seven tenements stretching across 450km². Strategically located in a very prospective region, the FGP is an underexplored package surrounded by multimillion ounce deposits such as Bounty (2Moz) and Yilgarn Star (1.5Moz).

About Classic

Corporate Governance

Forrestania Gold Project: all the hallmarks of a significant gold project

The Forrestania Gold Project contains an existing Mineral Resource of 5.9Mt at 1.25g/t for 240,000 ounces of gold, classified and reported in accordance with the JORC Code (2012), with the recent Scoping Study indicating both the technical and financial viability of the project. The FGP gold assets include a high grade open pit mined by Sons of Gwalia – formerly Australia’s third-largest gold producer – in the early 2000s.

More about Forrestania Gold Project

Overview

Classic tenements cover a total area of 178 km2 collectively in the Eastern Goldfields, Murchison and Fraser Range Provinces of Western Australia and in areas with identified highly anomalous nickel, copper, cobalt, manganese, gold, base metal, and iron targets.

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Forrestania Gold Project

Binding agreement signed for 80% of the Gold Rights at Forrestania Gold Project, located approximately 120 km south of Southern Cross, Western Australia.

Forrestania

Fraser Range Project

Located 160 km ESE of Kambalda and in the Fraser-Albany Mobile Belt, which further to the north hosts the 6.4 million ounce Havana and Tropicana gold deposits and 38 km to the south hosts the recently discovered and highly significant Sirius Resources NL Nova Nickel/Copper sulphide deposit. In this project which is highly prospective for copper, nickel, zinc and gold, Classic Minerals identified 7 high priority targets from 18 electromagnetic conductors. Drilling has successfully identified Mammoth and Alpha mineralisation and exploration of these and other targets continues.

Fraser Range

Kat Gap Project

The Kat Gap Project is strategically located approximately 50km south-south east of the Company’s Forrestania Gold Project and adjoins the Forrestania Nickel project currently operated by Western Areas Ltd.

Kat Gap