For thousands of other reports visit RSC's Mineral Intellingence Map
ABM Resources NL
Summary
| Project: | Lake Mackay | |
|---|---|---|
| Deposit: | Grapple | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead-Bismuth-Cobalt | |
| Date: | 9/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2017: ABM Resources NL announces an Exploration/Drilling Update report for its Grapple deposit at the Lake Mackay project. JV with IGO - drill results incl. 11.4m @ 7.9g/t Au, 20.7g/t Ag, 0.8% Cu, 1.1% Zn, 0.5%Pb, 0.1% Co. Independence Group NL (‘IGO | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Winzar (Independence Group NL;Internal) | |
| ABSTRACT: | Independence Group NL (‘IGO’ or ‘the Company’) (ASX: IGO) and ABM Resources NL (‘ABM’ or ‘JV Partner’) (ASX: ABU) are pleased to provide an update on the Lake Mackay Joint Venture Project1, which includes assay results from the first diamond hole drilled at the Grapple Prospect. IGO’s Chief Growth Officer Matt Dusci commented “We are encouraged by the initial results returned from the first diamond drilling program on the Lake Mackay Project at the Grapple Prospect. The drilling results returned continue to support our perceived potential of this emerging belt-scale opportunity. The agreement recently signed with the Central Land Council (“CLC”), the representative body of the Traditional Owners of the region, has now provided the framework to access the entire Lake Mackay Project in the Northern Territory as part of the planned work program to systematically explore this highly prospective tenement package. We look forward to working together for the benefit of all stakeholders as we continue to execute our regional reconnaissance exploration programs.” ABM Managing Director Matt Briggs said “This project continues to go from strength to strength, especially considering the very early stage of exploration. The only exploration completed to-date is limited to EL24915. The result from the first hole of this maiden diamond drilling program is very promising. Mineralisation at Grapple has been confirmed over 600m strike length and remains open down-plunge towards the west. The program planned for the remainder of 2017 has the potential to rapidly identify additional Grapple and other style targets on the remainder of the Lake Mackay Project.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report