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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver-Copper | |
| Date: | 4/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2020: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 4.25m @ 6.1% Pb, 8.4g/t Ag from 563.6m. GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) reports on its | |
| Resources: | (Resources, I+I): 41.1Mt @ 7.3% Pb, 18g/t Ag | |
| CP/QP: | [Overall Report]: Don Maclean (Not stated) | |
| ABSTRACT: | GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) reports on its activities for the quarter ending 31 March 2020 (the “Quarter”), largely focused on advancing its 86.16%-owned Abra Base Metals Project (“Abra” or the “Project”) located in the Gascoyne region of Western Australia. ABRA BASE METALS PROJECT (86.16%) Abra comprises a granted Mining Lease, M52/0776 and is surrounded by the Exploration Licence E52/1455, together with several co-located General Purpose and Miscellaneous Leases. The Project is 100% owned by Abra Mining Pty Limited (“AMPL”), which in turn is currently 86.16% owned by Galena, with the remainder owned by Toho Zinc Co., Ltd. (“Toho”) (pursuant to an Investment Agreement and Shareholders Agreement with Toho). Abra is fully permitted and initial construction works commenced in September 2019. Off-site, the main Project works taking place during the Quarter were the fabrication of accommodation units containing an additional 200 rooms and various ancillary buildings. The buildings continue to be fabricated in Perth for preparation to be added to the existing permanent camp to increase its capacity to the required level for Abra’s current development plan. | |
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