HI all & G'day Blackcat, Jim & Kamprad7,
We are rapidly approaching the commencement of the 2017 ABU Exploration season
with- ABU now confirming a 3,000 - 3,500 metre RC drill program will commence shortly,
targeting strike extensions on the Suess Fault, this is 50%-75% increase on the 2,000
mt R.C.-Program conducted at Supeljack last season that resulted in a Suplejack -JORC
2012 Code compliant Mineral Resource recieving a 53% Increase in Indicated & Inferred
Resources to 309,900 Ounces of Gold.
Re cap & observations
The interpretation of Suess as a north-south striking structure is confirmed and open
along strike and down dip & the structure is silica‐sericite-pyrite altered dolerite with
quartz‐carbonate-pyrite veining and sulphide laminations.
The structure strikes North-South and dips 65 degrees to the East.This intersection is 180 metres vertically below surface.
The mineralisation is typically 6-13 metres thick with an average of approximately 9 metres
true width & is confirmed by the intersection of strong mineralisation in TYRD100003
-Arsenopyrite in a quartz breccia intersected the structure in the targeted depth and
returned a result of 13 metres @ 5.6g/t gold at 221 metres downhole.
The understanding of the interplay of structures and stratigraphy has resulted in the
re-interpretation of the southern area of the Suplejack Project and the identification
of structures with similar characteristics to the Hyperion-Tethys Structure.
Multiple target structures within the Suplejack Project area have been
recognised in recent field mapping, re-interpretation of geophysical data and previous
reconnaissance sampling programs.
The Suplejack Project appears to be a mineralised system with the potential
to contain multiple mineralised structures.
Hyperion South is an example of one of these targets, at an early stage of understanding,
demonstrating the potential to host significant mineralisation.
Followed by RAB drilling, testing repetitions of known mineralisation at the Suplejack
Project.
LTH -will be interested to hear that follow up reconnaissance drilling on several targets at
Capstan and Mallie,.
Mallie has a very similar geophysical signature and structural regime to the
nearby Callie
Newmont Australia’s Callie Underground Gold Mine -Callie is a world class Proterozoic
gold deposit & became one of Australia's premier gold discoveries best producing gold
mines with production in excess of 400,000 OZ P/A.
This ABU's own 100% exploration program -coupled with our J.V. Partner -IGO's
Lake Mackay exploration has received plenty of attention from the astute -we can
see the acquiring that has been taking place under the radar through analysis of
the top 40 holders in ABU's registry.
The time window is rapidly closing to acquire pre exploration at what imo is way oversold
prices,
glth imo
salt
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