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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver | |
| Date: | 7/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 9-7-2018: Galena Mining Ltd. announces an Exploration/Drilling Update report for its Abra deposit at the Abra project. Drilling results incl. 15.4m @ 25.9% Pb, 74g/t Ag from 519.1m. 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, Adrian Byass (Internal) | |
| ABSTRACT: | Galena Mining Limited (ASX: G1A) (“Galena” or the “Company”) is pleased to announce further high-grade lead (Pb), silver (Ag) and gold (Au) 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 the first two holes of thisresource development drilling program and support the work and results published by Galena. Galena CEO Ed Turner commented: ”We are extremely pleased with these results as they continue to support our geological and resource model for the Abra deposit which drives our optimisations. The exceptional high-grade lead-silver and gold-copper mineralisation intersected in AB83 provides further encouragement as, like AB82, was in areas designated as ‘Inferred’ in the JORC resource (March 2018). Significant high grade gold intercepted was unexpected and adds support to further investigating an increasingly interesting copper-gold story at depth below the base of the current JORC resource. We look forward to releasing further | |
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