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Galena Mining intersects more high grade lead and silver at Abra

Published: 03:40 02 Aug 2018 BST

3D model of the core and apron zones looking obliquely east showing AB84, AB85, AB86, AB87 and AB88, March 2018 Inferred and Indicated Resources outlines
New assays from drill holes AB84, AB85, AB86, AB87 and AB88

Galena Mining Ltd (ASX:G1A) has drilled out further high-grade lead and silver intersections from its Abra Base Metal Project near Meekatharra in Western Australia.

Highlights include 28.3 metres at 8.9% lead and 52 g/t silver and 8.1 metres at 11.2% lead in the same hole.

Drilling aims to convert the current resource from the Inferred category to the Indicated category and is ongoing with two rigs in operation.

Assays remain pending for a further six holes.

READ: Galena Mining expects to finish drilling Abra in Western Australia as study nears completion

Galena’s CEO Ed Turner said: ”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.”

READ: Galena Mining buoyed by positive economics in Abra Base Metals Project scoping study

Galena released the results for its scoping study at Abra in late June which demonstrated a strong economic case for the project’s development.

Galena plans to quickly advance the Abra project through to the pre-feasibility stage in September 2018 and then to feasibility in 2019.

To support these studies, Galena is currently drilling an 8,400-metre resource development drilling program aimed to convert the bulk of the high-grade portions to the Indicated category.

In addition, drilling will test for extensions to lead and silver mineralisation in several key areas.

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