leadf
logo-loader
viewABM Resources NL

ABM Resources NL drilling hits the mark, extends gold zone in Northern Territory

au_nt__350_578c49dbe21fa.jpg

ABM Resources NL (ASX:ABU) has extended gold mineralisation east of the curent Hyperion mineralised system from drilling at the Suplejack Project situated in the Northern Tanami Region of the Northern Territory.

A total of 22 of the 33 holes were drilled at Tethys Prospect, returning significant widths and gold grades including 17 metres grading 5.74 g/t gold and 26 metres at 2.56 g/t gold.

In total, 84 holes for 8,346 metres were drilled as part of the reverse circulation drill program.

The results indicate that Tethys is an extension of the Hyperion gold mineralised system over a strike length of +1,300 metres.

A detailed mapping and re-logging program is currently underway at Suplejack to develop an alteration profile for the Hyperion area that may assist in targeting further mineralisation.

A limited diamond drilling program is also proposed to further improve the understanding of the geology of this mineralised system.

In May, Independence Group NL (IGO) exercised a $1.5 million option to a farm-in with ABM at the Lake Mackay gold/base metal project.

Following exercise of the option, IGO can earn a 70% interest in the project through the expenditure of $6 million within four years.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: ABM Resources NL

Price: - -

ASX:ABU
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Touchstone Exploration presents at the One2One Proactive virtual conference

Touchstone Exploration's (LON:TXP) Paul Baay pitches to investors at the Proactive One2One virtual conference. Touchstone Exploration Inc. is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest...

1 day, 15 hours ago

2 min read