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ABM Resources NL
Summary
| Project: | Lake Mackay | |
|---|---|---|
| Deposit: | Grapple | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead-Cobalt | |
| Date: | 11/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2017: ABM Resources NL announces an Exploration/Drilling Update report for its Grapple deposit at the Lake Mackay project. JV - Drill results incl. 11.4m @ 7.9g/t Au, 20.7g/t Ag, 0.77% Cu, 1.05% Zn, 0.45% Pb from 284.9m. ABM Resources NL (“ABM” or t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Winzar (Independence Group NL;Internal) | |
| ABSTRACT: | ABM Resources NL (“ABM” or the Company) is pleased to provide an update to the diamond drilling on the Lake Mackay Joint Venture (“JV”) being managed by Independence Group (“IGO”)1 . ABM Managing Director Matt Briggs said “The whole Lake Mackay Project area is at a very early stage of exploration and it is encouraging to get results such as seen in the first diamond hole, scale demonstrated with the downhole EM, and being able to explore through shallow cover.” “This Grapple diamond drilling program has confirmed 800m of plunge of mineralisation. The extension was detected with a moving loop EM survey to the west of the previous RC drilling program.” ”Now the potential at Grapple has been defined with initial drilling and downhole EM, the joint venture partners are keen to screen the rest of the tenement package for similar or larger deposits. The imminent commencement of the orientation airborne EM survey, in combination with additional surface geochemistry, has the potential to provide a technique to screen the Lake Mackay Project for similar targets.” “The only exploration completed to-date is limited to EL24915 representing only 4% of the project area. The program planned for 2018 has the potential to rapidly and cost effectively identify additional Grapple and other style targets on the remainder of the Lake Mackay Project.” | |
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