42m at 44g/t - on the radar, page-129

Your welcome 99plonko, hope the back heals quickly.

Nice day here in the Barossa, have a few vines, should be out there working but need the odd day of rest every now and again.

At the end of the day who really knows where the ABM SP will go? But if you think about the following bits of info gleaned from the ABM website it's not going to stay at 6 odd cents in the long term thats for sure.

"The project areas in the ABM portfolio have a high potential for discovery of significant gold mineralisation. They already contain high-grade gold-quartz vein (Tamini / Callie Type) prospects as well as iron-oxide copper-gold (Olympic Dam ant Tennant creek analougues) prospects."

BUCCANEER: "significant exploration potential at depth and along strike with high grade zones. Re-optimisation of resource model focusing on HIGHER GRADE in 2012" The Buccaneer Porpyry consists of a 3km by 1.6km gold anomaly defined by shallow geochemistry drilling, only 200,000sq metres has received further deeper drilling.

OP: A 3km long gold anomaly, current scoping study shows 832,000t @11.5g/t gold for 308,000oz," considering that the Scoping Study neither takes into account possible U/G development nor is optimised to include known gold-bearing veins outside the resource. ABM is currently exploring another 3km of prospective strike length of sedimentary horizons at OP targeting gold bearing vein material. So current resource plus extensional west limb vein 126m @42.37g/t gold, east vein 343m strike length @ 28.90g/t gold, Golden Hind and Old Glory all to be included.

Also from the website, ABM Resources is focused on unlocking the potential of what is arguably Australia's final frontier for large-scale gold discovery."Their AIM is to discover TIER ONE deposits greater than 5 million oz of gold." On the basis of what they have done so far, all I can add is "I'M IN!

Combine all the above with the fact that multi-million oz Callie is just down the road and to quote MR Mike Etheridge, " In particular we look forward to advancing OP, with a goal of transitioning to production in the near future."

Sounds like we are on the right path to me 99plonko.


All the best Penrice