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ABM Resources NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Seuss, Homestead | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-6-2017: ABM Resources NL announces an Exploration/Drilling Update report for its Seuss, Homestead deposit at the Suplejack project. Drilling results incl. 5m @ 60.9g/t Au from 54m. ABM Resources (ABM) advise that results have been finalised for the com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | ABM Resources (ABM) advise that results have been finalised for the company’s 100% owned Suplejack Prospect and Homestead Target in the Tanami Region of the Northern Territory. All results of this program have now returned and are summarised in Table 1. Two mineralised shoots are observed. One plunging shallowly south and a second representing the intersection of the Tethys and Seuss structures (Figure 1). Both shoots remain open at depth. The program has confirmed northsouth mineralised structures with strike continuity. More detail is available in ASX announcements dated 20 February 2017 and 8 June 2017. The Homestead Prospect is located 30 kilometres west of Callie, and exhibits similar geophysical characteristics to this world class orebody. In 2012 ABM completed soil sampling over the area trialling Deep Penetrating Geochemistry (DPG). The purpose of this technique is to detect mineralisation that is covered by many metres of transported cover and is essentially ‘blind’ at surface. ABM is an established gold exploration company with a successful track record of discovery in one of Australia’s premier gold mining districts. The Company owns gold resources and extensive prospective land holdings in the Central Desert region of the Northern Territory. The Company leadership is implementing a strategy of aggressive cost management initiatives and is developing a disciplined, tightly focused exploration strategy. Activities are currently focused on the Company’s under-explored 36,000 km2 Tanami Project area and includes: | |
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