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ABM Resources latest drill result returns 331m grading 0.61 g/t gold


Western Australia based mineral explorer ABM Resources (ASX:ABU) has expanded the wholly owned Buccaneer Gold Porphyry Prospect, with new assay results from Phase 1.

Highlights from the final hole at Buccaneer include:

- 331 metres grading 0.61g/t gold (0.1g/t cut-off) including;
- 136 metres grading 1.12g/t gold (0.3g/t cut-off) or;
- 277 metres grading 0.72g/t gold (0.3g/t cut-off) including;
- 33 metres grading 2.84g/t gold (0.7g/t cut-off) including; and
- 24 metres grading 3.65g/t gold (1.0g/t cut-off).

Phase 1 involved a drilling program of 9 deep holes, 300m to 400m, to test the extents and grade continuity of the southern parts of Buccaneer.

Results have now been received for all nine holes, with all holes intersecting wide zones of mineralisation of typical bulk tonnage grades and widths.

The Buccaneer Porphyry is a porphyrytic monzonite intrusion that has been mapped using multi-element geochemistry over an area of approximately 3kms by 1.5kms.

The Buccaneer Porphyry Prospect is a companion project to the near-by Old Pirate High Grade Prospect where the company recently reported results including 5 metres grading 274g/t gold and 35 metres grading 6.35g/t gold.

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