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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver-Copper | |
| Date: | 10/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2019: Galena Mining Ltd. announces a Resource Estimation report for its Abra deposit at the Abra project. Updated mineral resource estimate. GALENA MINING LTD. ("Galena" or the “Company”) (ASX: G1A) announces completion of an updated JORC Co | |
| Resources: | (Resource, I+I): 41.1Mt @ 7.3% Pb, 18g/t Ag | |
| CP/QP: | [Resources]: Don Maclean, Mark Drabble (Not stated;Optiro Pty Ltd.) | |
| ABSTRACT: | GALENA MINING LTD. ("Galena" or the “Company”) (ASX: G1A) announces completion of an updated JORC Code compliant Mineral Resource estimate (“October 2019 Resource”) for the Abra Base Metals Project (“Abra” or the “Project”) located in the Gascoyne region of Western Australia, which has been independently prepared by Optiro Pty Ltd (“Optiro”). Managing Director, Alex Molyneux commented, “This Resource upgrade provides a strong boost to both lead and silver metal tonnes but equally important in a practical sense, it has achieved our aim of significantly increasing geological confidence in the first three years of the proposed mine plan.” Abra lies within sediments of the Proterozoic Edmund Group. Abra is a base metal replacementstyle deposit hosted by sediments. The primary economic metal is lead. Silver, copper, zinc and gold are also present but are of lower tenor. The deposit can be divided into two main parts. The upper “Apron Zone” comprises stratiform massive and disseminated lead sulphides (galena) and minor copper sulphides (chalcopyrite) within a highly altered sequence of clastic and dolomitic sediments. Alteration products include jaspilitic rich sediments (the “Red Zone”) and a distinctive stratiform zone of hematite-magnetite alteration (the “Black Zone”). The Apron Zone extends for 1,200 metres along strike, 800 metres down dip and dips gently south. | |
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