PRX 50.0% 0.3¢ prodigy gold nl

Ann: ABM appoints Neil Jones as Exploration Manager, page-5

  1. 2,475 Posts.
    lightbulb Created with Sketch. 855
    If we can come up with another Groundrush will be great !

    G'day Back cat-That's the one were after, some considerations/ indication
    appears in our M.D.'s statements -Quote Managing Director Matt Briggs has
    stated the following;
    “A high quality Resource estimate gives ABM confidence in the continued
    growth at Suplejack
    towards the company’s target for the project to be
    a stand alone operation
    .
    Resources are quoted above a 0.8g/t Au cut-off and above the 230mRL
    (160-180m vertically below surface) to limit the inventory reported & to align
    with the future prospects of eventual economic open pit extraction.


    Gold mineralisation at Suplejack has geological similarities to the
    nearby Groundrush Gold Deposit, t
    he mineralisation is principally hosted
    in structurally controlled quartz-carbonate-sulphide veins in shear zones hosted
    within dolerites and occasionally intruded by granitic dykes.

    Seuss is open in all directions, historic RAB hole drilled 600 metres to the
    north of the Seuss Resource
    intersected 3 metres at 0.55g/t gold from 24 metres.
    This is now interpreted to be the along strike continuation of the Seuss
    structure
    , providing encouragement that the structure continues to the​
    North.
    Future drilling will confirm if this is Seuss or a structure analogous
    to Hyperion-Tethys
    .


    Central Tanami operations were was pulling 5,000 OZ per vertical mt from
    there Groundrush Deposit.
    Given Supeljack is only 19km's to the north-north East of Groundrush & has
    geological similarities to the nearby Groundrush Gold Deposit there is strong
    indications that we could well be on the cusp of discovering a substantial
    deposit, the exact size, grade, volume & if mineralisation is continuous is yet
    to be determined, & we can see why ABU's primary focus is on the newly
    discovered Seuss fault-(end of last seasons exploration).

    Should it be proven to be analogous to Hyperion-Tethys, & indeed continue
    600 mts to the north & given its also open in all directions & appears it could
    well be a separate system to Hyperion- Tethy's, then it could become a significate
    deposit similar to NST/TAM's Groundrush Deposit.

    Is it also a coincidence that ABU has just contracted Neil Jones as exploration
    manager right on the cusp of commencing ABU's 2017 exploration season ?
    NADA !-especially given he has vast experience in early stage gold
    exploration
    and complements the Company’s management team.
    There are many, indications shown above that ABU could well be on
    the cusp of a big exploration season, as investors its why we are here,
    do we also think its coincidence the way the astute have been acquiring
    under the radar-NADA !
    glth-imo
    salt
    Last edited by Saltiga62: 22/03/17
 
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