ABM Resources NL (“ABM” or the “Company”) is pleased to report that the remainder of assay
results for the 84 hole reverse circulation (RC) drilling program carried out at the Suplejack
Project in June have been received.
In addition, Independence Group (IGO) has completed drilling and received assay results for
eight holes drilled at Lake Mackay.
Highlights
• Anomalous gold values in all eight Suplejack prospects drilled
• Significant gold intercepts at two new prospects, including
− Pandora, hole PARC100003 – 9 metres at 6.32 g/t gold
− Brokenwood, hole BWRC100006 – 3 metres at 9.34 g/t gold
• 1,000 metre, eight hole follow-up RC program completed at Tethys, assays awaited
• Results encourage ABM to step up activities at Suplejack, diamond drilling planned
• Low tenor copper, zinc and lead mineralisation logged in all Bumblebee holes
• Bumblebee interpreted to be a VMS system
• Drilling at Bumblebee has supported the prospectivity of Lake Mackay Project, IGO plan to
undertake further exploration including ground and airborne geophysics and soil sampling
Suplejack Project
ABM completed an 84 hole, 8,460 metre RC drilling program at the Suplejack project in June.
Results for the first 33 holes, completed at the Tethys Prospect, were received and reported
earlier this month (ASX 18 July 2016) demonstrating that gold mineralisation on the
Hyperion/Tethys trend continues over a strike length of at least 1,300 metres.
Assay results for the remaining 51 holes (totaling 5,172 metres) in this program have now
been received.
These holes were drilled to test eight additional prospects within the Suplejack Project and
targeted areas of arsenic and or gold anomalism associated with interpreted structures
striking parallel to the Hyperion structure.
Drilling at all eight prospects returned anomalous gold intercepts of greater than 0.1g/t,
confirming the potential of Suplejack to host a camp scale gold system.
Significantly elevated results were returned from three prospects, Hyperion South, Pandora
and Brokenwood. At Hyperion South, drilling targeted extensions of known mineralisation
along interpreted trends, and results indicate broad zones of anomalous gold.
ABM’s first drilling program at Pandora has returned a peak result of 9 metres at 6.32 g/t gold,
with results from Brokenwood including 3 metres at 9.34 g/t gold. Importantly, these results
confirm that other eastwest striking structures at Suplejack host high tenor gold mineralisation.
However, whilst drilling on sections on either side of these high grade intercepts intersected
anomalous gold, grade continuity has not yet been demonstrated.
Drilling at Telesto and an un-named prospect east of Brokenwood was particularly encouraging
as these holes targeted magnetic stratigraphy with very limited testing to date.
Intercalated sediments were intersected with broad zones of anomalous results in areas of
moderate quartz veining.
Drill holes were orientated in north-south lines to be roughly at right angles to these structures,
where historic drilling has predominantly tested on east-west lines. Samples at Hyperion South
were taken at one metre intervals, whereas all other drilling was sampled at three metre composites.
All three metre- composites that returned grades of greater than 0.1g/t gold are now being
submitted for assay on one metre intervals.
Significant and anomalous intercepts for the additional Suplejack prospects are presented in
Tables 1 and 2 respectively, with drill hole details and collar locations presented in Table 3.
Following the success of the June drilling program, the Company is stepping up its activity at the Suplejack Project. A 1,000 metre, eight hole follow-up RC program has just been completed at
Tethys to further test broad, strongly mineralised zones intersected on section 614180mE.
Assays are yet to be received.
Anomalous results at all prospects are currently being analysed in conjunction with alteration
mapping, handheld XRF analysis and surface mapping to develop a model for the
mineralised system.
Diamond drilling will be undertaken to improve understanding of the system and help vector
towards the most strongly mineralised zones.
All of the targeted prospects are located on EL9250, an exploration license wholly owned by ABM,
and are within 10 kilometres of the Hyperion deposit as shown in Figure 1 below.
(20min delay)