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ABM Resources NL

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Summary

Project:

Suplejack

Deposit:Suplejack
Location:Australia
Commodities:Gold
Date:9/13/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-9-2017: ABM Resources NL announces an Exploration/Drilling Update report for its Suplejack deposit at the Suplejack project. Drilling results incl. 1m @ 1.83g/t Au from 14m. ABM Resources (ABM) are pleased to announce that gold results have been finali
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Matt Briggs (Internal)
ABSTRACT:ABM Resources (ABM) are pleased to announce that gold results have been finalised on the company’s 100% owned Suplejack Project in the Tanami Region of the Northern Territory. Drilling completed was a program of 179 holes with 8,490 metres. This was a reconnaissance program aiming to test for extensions to known structures and to further define rock types and structural intersections interpreted to host mineralised shoots. In this style of deposit gold is typically constrained to within the mineralised structure so geochemical vectors are used to map the mineralised system. Intersections of >100 ppb arsenic or >50 ppb gold typically define the extents of the systems. Intersections of >200 ppb gold often indicate a mineralised structure has been intersected or is nearby. From this program 35 holes intersected >50 ppb and 11 holes intersected 150 ppb or above with the best intersection of 1 metre at 1830 ppb gold. The results of the recently completed aircore program have confirmed and extended the known mineralisation within many of the target areas. Drilling indicates strike extensions to Seuss of 500 metres to the north, Hyperion South extending 200 metres to the east, and Stoney Ridge defined over a total of 1,500 metres. A 3D model of structure, stratigraphy and geochemistry is currently under construction to allow ABM to optimise the next drilling program. The next phase of drilling will be planned when multi-element assaying has been completed.

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