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Transaction Announcement Reports
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Project: | Abra | |
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Deposit: | Abra | |
Location: | Australia | |
Commodities: | Lead-Silver-Copper | |
Date: | 9/13/2019 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 13-9-2019: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 10.9m @ 12.2% Pb, 17ppm Ag from 366.46m. GALENA MINING LTD. ("Galena" or the “Company”) (ASX: G1A) announces ass | |
Resources: | (Reserve, Prob.): 10.3Mt @ 8.8% Pb, 24g/t Ag at project | |
CP/QP: | [Overall Report]: Don Maclean (Not stated) | |
ABSTRACT: | GALENA MINING LTD. ("Galena" or the “Company”) (ASX: G1A) announces assays from the final 11 drill-holes of its 2019 project development drilling program at its Abra Base Metals Project (“Abra” or the “Project”). Managing Director, Alex Molyneux commented, “Our largest drilling program to date has been an astounding success! We have a mix of infill and step-out holes and overall its impressive to note that such a high proportion of holes have returned significant intersections higher than the most recently modelled resource grade.” Managing Director, Alex Molyneux went on to say, “I’d particularly like to thank our geology team for yet another program that successfully enhances Abra’s status as a high-grade tier one Australian base metals deposit.” The final 11 assay results for the Abra 2019 Project Development drilling program have now been received. The program comprised 43 drill holes (AB103 to AB143, AB131W1 and AB135W1) for a total of 18,255 cumulative metres of diamond core drilling. This brings the total amount of drilling on Abra to approximately 78,000 cumulative linear metres, of which more than 50% has been drilled by Galena in the two years since it listed on the ASX. | |
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