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ABM Resources NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Tethys | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-8-2016: ABM Resources NL announces an Exploration/Drilling Update report for its Tethys deposit at the Suplejack project. Drilling results incl. 21m @ 3.96g/t Au from 71m. ABM Resources NL (“ABM” or the “Company”) advises that assay results have been r | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alwin van Roij (Internal) | |
| ABSTRACT: | ABM Resources NL (“ABM” or the “Company”) advises that assay results have been received for reverse circulation (RC) drilling completed at the Suplejack Project in July and that Independence Group NL (IGO) has commenced a major airborne geophysical survey at the Lake Mackay Project. The Tethys Prospect is situated within the Suplejack Project area on exploration license EL9250. RC drilling carried out at Tethys in June 2016 demonstrated that significant gold mineralisation extended along the east-west striking Hyperion trend for at least 1,300 metres (ASX 18 July 2016). Generally, drilling has shown gold mineralisation on the Hyperion trend to have a consistent, steep southerly dip. However initial drilling at Tethys on section 614180mE, the most easterly extent of the mineralised trend, indicated a sudden flattening of dip or potential displacement by faulting. In the latest drilling program, eight additional RC holes were drilled on and adjacent to section 614180mE in an effort to improve the understanding of mineralisation in this area. Two holes from the June program, initially drilled to 90 metres depth, were also extended. The latest drilling returned multiple significant intercepts in each hole. There generally appears to be good correlation between holes on this section and a preliminary interpretation reinforces the apparent shallow southerly dip, as shown in Figure 1. However it is important to note that this interpretation is somewhat speculative as the geology in this area is not yet fully understood. | |
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