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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Copper-Silver-Gold | |
| Date: | 2/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-2-2018: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 29.99m @ 10.94% Pb, 8.72ppm Ag from 552.15m. Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: E. Turner, A. Byass (Internal) | |
| ABSTRACT: | Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased to announce further broad and high-grade lead (Pb) and silver (Ag) intersections have been received from each of the remaining drill holes from the programme conducted immediately post IPO (see Appendix 1 for significant results). Details of Galena’s previous high grade drill results can be found in the following ASX releases: “Exceptional Drill Results at Abra Base Metal Deposit” – 23/11/17 “Further High Grade Drill Results at Abra” – 07/12/17 “High Grade Mineralisation in Every Hole” – 10/01/2018 Galena CEO Ed Turner stated: ”We are extremely pleased with these final results. To have significant, high-grade mineralisation in every hole of a +8,000m programme illustrates the potential of Abra. We are proud of the team and the results which have been returned with this program. The drill targeting was based on a ‘high-grade’ geological interpretation which required detailed re-logging of a large portion of the historical drill core library. Results have validated this interpretation. We now look forward to releasing a new high grade JORC resource estimate in the coming weeks and the results of a Pre-Feasibility Study for which we are fully funded. This study will be completed in Q3 2018.” Galena’s Model and Explanation of Results Galena has a geologically controlled, high-grade model for Abra which has been proven by the results from the 12 holes completed in 2017 (see Figure 1 ) which shows an updated plan view of the relative positions of the core and apron and significant intersections). The labelled drill holes represent the pierce point that each drill hole intersected the top of the strata bound zone. | |
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