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ABM Resources NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Suplejack | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2016: ABM Resources NL announces an Exploration/Drilling Update report for its Suplejack deposit at the Suplejack project. Drilling results incl. 60m @ 1.18g/t Au from 15m. ABM Resources NL (“ABM” or the “Company”) is pleased to report that the remai | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alwin van Roij (Internal) | |
| ABSTRACT: | ABM Resources NL (“ABM” or the “Company”) is pleased to report that the remainder of assay results for the 84 hole reverse circulation (RC) drilling program carried out at the Suplejack Project in June have been received. In addition, Independence Group (IGO) has completed drilling and received assay results for eight holes drilled at Lake Mackay. ABM completed an 84 hole, 8,460 metre RC drilling program at the Suplejack project in June. Results for the first 33 holes, completed at the Tethys Prospect, were received and reported earlier this month (ASX 18 July 2016) demonstrating that gold mineralisation on the Hyperion/Tethystrend continues over a strike length of at least 1,300 metres. Assay results for the remaining 51 holes (totaling 5,172 metres) in this program have now been received. These holes were drilled to test eight additional prospects within the Suplejack Project and targeted areas of arsenic and or gold anomalism associated with interpreted structures striking parallel to the Hyperion structure. Drilling at all eight prospects returned anomalous gold intercepts of greater than 0.1g/t, confirming the potential of Suplejack to host a camp scale gold system. Significantly elevated results were returned from three prospects, Hyperion South, Pandora and Brokenwood. At Hyperion South, drilling targeted extensions of known mineralisation along interpreted trends, and results indicate broad zones of anomalous gold. | |
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