apex abra joint venture showing promise

Abra mineralisation still open: New IP anomaly drilled

Core sheds at Abra farm


Abra Mining has announced that results received from the latest exploration push at the company’s Mulgul Project in Western Australia highlight both the growing size of the project, as well as the emerging base metal potential of the wider province.

Assays have been received from the first three of a recent five-hole diamond drilling program, which tested for continuity and changes in the composition of mineralisation beyond current drilling at the polymetallic Abra Deposit at Mulgul, 200km north of Meekatharra.

The aggressive drilling program has confirmed that mineralisation continues to remain open to the south and southwest at Abra.

Significant mineralisation was also intersected 2km west of the Abra deposit from a single drill hole at the new anomaly, Hyperion, which was recently identified during an Induced Polarisation (IP) geophysical survey.

Assay results from the first 20m of the mineralised intersection at Hyperion included 20m @ 4.67% Pb and 23ppm Ag from 546.8m, including 6.05m @ 9.86% Pb and 42ppm Ag from 548.2m.

The best results received from the three holes assayed so far from the Abra step out drilling campaign included 14m @ 3.71% Pb and 11ppm Ag from 638m (AB34), 86m @ 1.87% Pb, 0.10% Zn and 6ppm Ag from 472m, including 15.3m @ 4.69% Pb, 0.44% Zn and 10ppm Ag from 496.7m (AB35) and 16m @ 3.81% Pb, 0.13% Zn and 7ppm Ag from 551m.

Abra Managing Director, Jeff Moore said the results highlighted, not only the size potential of the Abra deposit, but the wider region as an emerging new base metals province.

“The results establish the continuity of what we already know is a large mineralised system with thick alteration and mineralisation now intersected at Abra over at least 800m north to south,” Mr Moore said.

The latest drilling at Hyperion, over 2km from Abra, yet on the same geological horizon, is considered highly significant in validating the wider base metals potential of the prospective Jillawarra sub-Basin.

- 08 Sep 2006

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