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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver | |
| Date: | 3/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-3-2018: Galena Mining Ltd. announces a Resource Estimation report for its Abra deposit at the Abra project. Initial mineral resource estimate for Abra project. Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased to announce a new wo | |
| Resources: | (Resource, I+I): 36.6Mt @ 7.3% Pb, 18g/t Ag at project | |
| CP/QP: | [Resources]: Don Maclean, A. Byass (Independent; Internal) | |
| ABSTRACT: | Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased to announce a new world class resource at its 100% owned Abra lead-silver project. This follows a very successful +8,000m drilling programme completed in December 2017. The combined JORC 2012 resource estimate (using inverse distance interpolation) is as follows; Indicated Resource of 5.3 Mt at 10.6% lead & 28 g/t silver and an Inferred Resource of 5.9 Mt at 9.7% Pb & 29 g/t silver (using a 7.5% Pb cut-off) for a combined 11.2Mt @ 10.1% lead and 28g/t silver within an Indicated Resource of 13.2 Mt at 7.9% lead & 19g/t silver and an Inferred Resource of 23.5 Mt at 6.9% Pb & 17 g/t silver (using a 5.0% Pb cut-off) for a combined 36.6Mt @ 7.3% lead and 18g/t silver. Galena CEO Ed Turner commented: “These resource numbers have exceeded our expectations and confirm Abra as a truly world class asset with global significance in the lead market. What is even more exciting for the Company and its shareholders is that this looks like just the beginning of a much bigger project and that potential upside exists in and around where we have drilled to date. | |
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