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ABM Resources NL
Summary
| Project: | Lake MacKay | |
|---|---|---|
| Deposit: | Bumblebee | |
| Location: | Australia | |
| Commodities: | Silver-Gold-Cobalt-Copper-Lead-Zinc | |
| Date: | 7/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2016: ABM Resources NL announces an Exploration/Drilling Update report for its Bumblebee deposit at the Lake MacKay project. JV with Independence Group - results incl. 1.00m @ 5.6g/t Ag, 3.74g/t Au, 1.07% Cu plus more. ABM Resources NL (“ABM” or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alwin van Roij (Internal) | |
| ABSTRACT: | ABM Resources NL (“ABM” or the “Company”) is pleased to report that the remainder of assay results for the 84 hole reverse circulation (RC) drilling program carried out at the Suplejack Project in June have been received. In addition, Independence Group (IGO) has completed drilling and received assay results for eight holes drilled at Lake Mackay. Four diamond and four RC holes for a total of 1,272 metres have been completed by IGO at Lake Mackay. Four diamond and three RC holes were completed at the Bumblebee Prospect comprising 616.8 metres of RC (including pre-collars) and 517.7 metres of diamond coring for a total of 1,134.5 metres. The holes were designed to test a strong electromagnetic (EM) conductor that coincides with multi-element drill intercepts from initial air-core drilling carried out in 2015 (ASX 23 March 2016). The conductor defined by the ground EM survey completed in March 2016 was found to be associated with an extensive pyrrhotite rich zone intercepted in the deeper holes. Down-hole electromagnetic (DHEM) surveys were carried out on each of the holes and detected the pyrrhotite-rich zones and confirmed the conductive plates identified from the ground EM survey. Low tenor base metal mineralisation, including chalcopyrite,sphalerite and galena, was logged in allseven holes. Four of the holes returned a total of five intercepts greater than 1% copper, as detailed in Table 4. | |
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