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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Zinc | |
| Date: | 1/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2018: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 53.3m @ 10.9% Pb, 20ppm Ag from 521.1m. Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased | |
| 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 drill holes AB73A, AB75, AB76 and AB77 (Appendix 1). To date, assays have been received for eight of the twelve drill holes completed and all show excellent, highgrade, consistent lead+silver mineralisation. These latest four drill holes deliver numerous high-grade Pb + Ag intersections and support the revised geological interpretation and model. This high-grade focus at Abra has been deliberately applied by Galena. CEO Ed Turner commented: ‘We continue to be very happy with the consistent high grade results seen from our maiden drilling program at Abra, none more so than 53.3 meters at 10.9% Pb which includes 31.7m at 13.5% Pb. This is an exceptional result and is one of numerous results that have exceeded expectations. The success encountered in targeting and intersecting the high grade zones in every drill hole to date validates the concept that Abra includes extensive high grade mineralisation within a huge lower grade system. With another 40% of assays still pending we look forward to reporting the rest of the holes when available. Work is already underway putting together a new high grade 2012 JORC resource which we anticipate will be available in February following which we will move immediately to a Pre-feasibility Study. These are exciting times for Galena and its shareholders. | |
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