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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver | |
| Date: | 8/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-8-2018: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 29.6m @ 9.5% Pb, 19g/t Ag from 478.3m. Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased to | |
| Resources: | (Resource, I+I): 36.6Mt @ 7.3% Pb, 18g/t Ag at project | |
| CP/QP: | [Overall Report]: Ed Turner (Internal) | |
| ABSTRACT: | Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased to announce further high-grade lead (Pb) and silver (Ag) intersections from its Abra Base Metal Project. An infill programme designed to increase confidence in parts of the resource within the Pre-feasibility Study continues to add exceptional results and extend the boundaries of the economic deposit to the north west which remains open. The programme is based on underground optimisation work as published in the Scoping Study (ASX release 28th June 2018) and was designed to convert Inferred Resources to Indicated Resources and support Galena’s ongoing study work (Figure 1). Results for the first two holes (AB82 and AB83) were reported in the ASX release dated 9 July 2018. Galena CEO Ed Turner commented: ”These results add further confidence to our resource model and the thicknesses and grades are better than expected in several locations in particular the north west sector which includes mineralisation that is closest to surface and therefore likely to be mined in the first few years of production. Every hole completed in 2018 has, like in the 2017 drilling, intersected high grade mineralisation and will therefore greatly assist with the ore block optimisation that is part of the Pre-Feasibility Study. We look forward to releasing further results from this drilling program in the coming weeks and the results of a Pre-Feasibility Study. This study will be completed in September 2018.” | |
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