PRX 50.0% 0.3¢ prodigy gold nl

Ann: ABM appoints Neil Jones as Exploration Manager, page-2

  1. 2,475 Posts.
    lightbulb Created with Sketch. 855
    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.
    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.​
    This intersection is 180 metres vertically below surface.

    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
    Last edited by Saltiga62: 21/03/17
 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(50.0%)
Mkt cap ! $6.353M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $242 100.1K

Buyers (Bids)

No. Vol. Price($)
37 40483127 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 16013694 18
View Market Depth
Last trade - 15.13pm 21/06/2024 (20 minute delay) ?
PRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.