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ABM Resources NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Suplejack | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2017: ABM Resources NL announces a Resource Estimation report for its Suplejack deposit at the Suplejack project. 53% Increase in Mineral Resource at Suplejack. ABM Resources NL (“ABM” or the “Company”) is pleased to announce an increased Mineral Res | |
| Resources: | (Resource, I+I): 4.51Mt @ 2.14g/t Au for 309900oz Au contained at project | |
| CP/QP: | [Resources]: Ian Glacken, Alwin van Roij (Optiro Pty Ltd.;Internal) | |
| ABSTRACT: | ABM Resources NL (“ABM” or the “Company”) is pleased to announce an increased Mineral Resource estimate for the Suplejack Project. Managing Director Matt Briggs said “A high quality Resource estimate gives ABM confidence in the continued growth at Suplejack towards the company’starget for the project to be a standalone operation. I am excited to get the rigs back out to Seuss and the surrounding targets to continue growing the Resources at Suplejack. RC drilling will recommence at Suplejack as soon as the wet season breaks. Initial drilling will test strike extensions of Seuss and structures parallel to Hyperion-Tethys.” Drilling completed during late 2016 led to the declaration of the first Resources at Seuss, Resource growth at Hyperion-Tethys and an updated geological interpretation on Hyperion South. Suplejack now has its first Indicated Resource of 0.93 million tonnes at 2.34 g/t for 70,200 ounces of gold. The statement also includes the first Resources declared on the recent Seuss discovery of 0.63 million tonnes at 2.85 g/t for 57,300 ounces of gold. Resource details of each structure and their classification are outlined in Table 1. Data validation, geological interpretation and modelling were completed by ABM geologists. To ensure the highest standard of grade estimation, industry leading experts at Optiro Pty Ltd were commissioned to generate the grade estimate and Resource tabulation. | |
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