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ABM Resources NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Suplejack | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2017: ABM Resources NL announces an Exploration/Drilling Update report for its Suplejack deposit at the Suplejack project. Drilling results incl. 4m @ 26.6g/t Au from 87m. ABM Resources (”ABM” or “Company”) is pleased to advise results from RC drill | |
| Resources: | (Resource, I+I): 4.51Mt @ 2.14g/t Au for 309.9Koz Au contained at project | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | ABM Resources (”ABM” or “Company”) is pleased to advise results from RC drilling for two of the four targets drilled at the Suplejack Project in the Tanami Region of the Northern Territory. ABM’s Managing Director, Matt Briggs, said: “Eight out of the ten holes drilled intersected strong mineralisation. The shoots on the Seuss Fault produce remarkable intersections at higher grades than previously seen at Suplejack. The Project continues to grow as RC drilling is expanding into the areas highlighted by recent aircore drilling. Mineralisation is now extending hundreds of metres beyond the previous Resource and is continuing to deliver great results.” “Drilling at Hyperion South has now increased the strike length of mineralisation intersected to over 600m. The Seuss Fault has been RC drilled along 350m of a total of 1.3km of anomalous gold defined this year by aircore drilling.” “We will complete the next Suplejack Resource update during the first Quarter of 2018 which will include these results and result from the previous successful RC program. Drilling will resume at Suplejack and the Capstan project once the wet season breaks. The Hyperion-Tethys Prospect is situated within the emerging camp-scale Suplejack Project on exploration license EL9250 (Figure 1). The area has historically received sporadic exploration with many prospective targets yet to be tested with bedrock drilling. Shallow historic drilling often ended in the depleted oxide zone and failed to effectively test the area. | |
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