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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver | |
| Date: | 8/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 30-8-2018: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 23.9m @ 6.7% Pb, 17g/t Ag from 411.2m. Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased t | |
| 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 was commenced in late May. The programme was 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). These results are from six holes of this resource development drilling program. Results for the first seven holes were reported in the ASX releases dated 9 July 2018 and 2 August 2018. Galena CEO Ed Turner commented: ”We are very pleased with these results as they continue to support our geological and resource model for the Abra deposit which drives our optimisations as well as add additional tonnes in areas closest to surface which can be exploited in the first year of production. Intersecting more economic mineralisation in the north west sector outside of the existing resource has meant additional drill holes have been added to the current program in this area. Results are pending for most of these holes. We look forward to releasing further results from this drilling program in the coming weeks and the results of the Pre-Feasibility Study in September.” | |
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