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ABM Resources NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Seuss, Hyperion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2017: ABM Resources NL announces an Exploration/Drilling Update report for its Seuss, Hyperion deposit at the Suplejack project. Drilling results incl. 3m @ 19.9g/t Au from 243m. ABM Resources (ABM) is pleased to advise that diamond drilling has been | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | ABM Resources (ABM) is pleased to advise that diamond drilling has been completed on its 100% owned Homestead Prospect in the Tanami Region of the Northern Territory. The target is an early stage exploration target being tested as part of ABM’s strategy and is aimed to discover the next generation of large gold deposits through effective green fields exploration. Also announced are progress results for drilling at Suplejack. Managing Director Matt Briggs said “These Seuss results demonstrate the potential for continuing exploration to yield additional mineralised shoots. The high grade intersections seen are a welcome bonus and highlight the potential for underground targets at Suplejack to be added to the company’s portfolio.” An RC program of 3,952 metres was completed in April 2017 with the aim of increasing the strike length of the structure previously intersected in November 2016 with a result of 13m at 5.6g/t gold (ASX 7 December 2016). Drilling completed in 2016 and subsequent interpretation resulted in a 53% increase in estimated Mineral Resources on the Suplejack Project to 4.51 million tonnes at 2.1 g/t gold for 309,900 ounces of gold above a 0.8 g/t cut-off and within 180 metres of surface (ASX 20 February 2017). Results for 19 out of 23 holes have been finalised from Seuss 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. | |
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