Beacon Minerals reports high-grade Iguana assays, boosts geological confidence

Beacon Minerals Limited announced on September 22, 2025, the final results from its Stage 2 grade control drill program at the Iguana Stage 1 Pit. The program, comprising 298 holes and 16,506 metres of RC drilling, confirmed multiple mineralized zones with significant high-grade gold intersections. Notable results include 1 meter @ 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, and 3 metres @ 18.1 g/t gold from 28 metres (IGGC_416) including 1 metre @ 41.2 g/t gold.

The company also highlighted high-grade intersections in the Northwest Corridor, with 13 metres @ 6.9 g/t gold from 69 metres (IGGC_205), including 1 metre @ 31.9 g/t gold. Previously reported results from June 18, 2025, and July 29, 2025, were restated to remove a 60 g/t top cut, revealing higher grades such as 3 metres @ 44.23 g/t gold (IGGC_066) including 1 metre @ 131.00 g/t gold, and 0.30 metres @ 262.00 g/t gold (IGGT_003). Beacon Minerals anticipates an updated Mineral Resource Estimate in late October 2025.