Beacon Minerals Limited announced that the aircore drilling conducted at the Lost Dog and Black Cat prospects for water exploration and sterilisation purposes was successfully completed during November and December 2017. Lost Dog Water Exploration Drilling: Beacon's intention is to commence production at the Lost Dog deposit this calendar year with the company in discussions to build its own processing plant. As part of this strategy, Beacon will require a substantial supply of ground water from palaeochannelhosted aquifers to facilitate the processing of the Lost Dog ore. An extensive exploration effort has been directed towards understanding the potential for the Jaurdi paleodrainage systems to host this water source. The airborne VTEM survey conducted in July 2017 identified two main palaeochannel systems within M16/529 and more extensively within E16/469. The ground gravity survey completed in the latter part of 2017 assisted in narrowing the focus of the water targets. A total of 58 holes for 2,773 metres was drilled testing both palaeochannels. Water was successfully identified in the northern palaeochannel system and water bores will be drilled, tested and if productive submitted for licensing. Sample return from all holes were analysed for gold mineralisation. Holes drilled within the Lost Dog orebody intersected ore grade mineralisation including 11 metres at 3.17 g/t Au (LDW005) from 10 metres and 8 metres at 2.13 g/t Au from 13 metres (LDW001). Highly anomalous gold was identified 2.2 Kilometres east of the Lost Dog deposit in holes LDW015 and 016; intersecting 2 metres at 1.21 g/t Au from 33 metres and 7 metres at 0.56 g/t Au from 32 metres respectively. This is a significant result and a follow up exploration programme will be undertaken by Beacon in due course.