G'day Jim, Yes that's good news imo-there are some Stella historical
drilling intercepts at Nth-Arunta .
Re-Trading Patten-There are as we can see multiple buyers at 11c,
there are also sellers at 11.5c -as have you noticed the astute buyer
at auction whom puts duel buys in exceeding any sell volumes
& 30 seconds pre close will cancel/reduce buy so as to acquire at
11c but queue jump the bidders at 11c.
Not a new tactic but is working for him/her until the other bidders
become impatient & also queue jump.
There are seemingly some serious selling volume's stacking up although,
I strongly suspect there are some false sells stacking at 12 & 12.5c in there
trying to induce selling into awaiting buyers, we will see if my suspicions are
correct in the near future- as I suspect the closer we get to the Supeljack-Tethy's
Diamond drilling results being released- there is likely to be some increased buying.
I will be in paying particular interest to the Diamond drill hole directly underneath
the newly discovered the Suess fault,at the south east end of Tethys's 1.3kms
of recently discovered mineralisation-see below.
ASX ANN 11 Oct ABM provides strategy update and announces commencement
of diamond drilling at Suplejack.
Some extracts from announcement
Managing Director of ABM, Matt Briggs, said: “This is the only gold opportunity of its kind in Australia"– an
unmatched package of highly prospective and under-explored gold country.
The company has supportive shareholders and the funding to rapidly progress
exploration on the portfolio and add value through discovery.”
Aggressive exploration targeting new, world class gold deposits
• Rapidly progressing the highest quality advanced targets to Resource.
Diamond Drilling is underway at Suplejack
The Hyperion-Tethys Prospect is situated within the emerging camp-scale
Suplejack Project on exploration license EL9250,-RC drilling carried out in
June 2016 demonstrated that significant gold mineralisation extends along
the east-west striking Hyperion-Tethys trend for at least 1,300 metres.
The Hyperion-Tethys Prospect was previously drilled to less than an average
80m below surface.
Diamond drilling has commenced on the Hyperion-Tethys Prospect, the program
includes drilling approximately 2,000 metres of RC pre-collars and diamond core,
and is scheduled to be completed during November 2016.
The first diamond drill hole, HYDD100001, has been completed, this hole
intersected strong veining and alteration at the targeted depth
confirming ABM geologist’s interpretation.
Sericite-silica alteration and quartz-carbonate-pyrite veining were
intersected over a broad interval with the most intense interval
at 190.5 to 200.2 metres.
New Fault Breccia Identified at Tethys (Suess Fault).
The drill program underway will also test the interpretation of a new structure,
the Suess Fault, this structure which was identified in surface mapping, has been
confirmed as mineralised through assaying of rock chip samples, assaying for gold
returned results of up to 6.3 g/t gold from outcrop.
The North-South striking structure is mapped for more than 300 metres on surface
and potentially extends under shallow cover to the North and South. Currently a single hole is planned to test the orientation of the new
structure however the program will be revised if this hole successfully confirms
the interpretation. The intersection of Suess with the Hyperion-Tethys structure is coincident
with the multiple intersections/shallowing of dip previously reported on section 614180mE Figure 5 (ASX 25 August2016).
Yes there is a flurry of imminent news for holders to look forward to being updated
with Jim.
imo-dsoyor
gltah-salt
(20min delay)