Great news-Diamond drilling of Grapple .
Lake Mackay JV Field Activities to Recommence
ABM Resources NL (“ABM” or the Company) is pleased to provide an update on the Lake Mackay Joint
Venture (“JV”) being managed by Independence Group (“IGO”).
HIGHLIGHTS
o IGO to continue field activities at Lake Mackay on granted tenement EL24915.
o 4 hole diamond drill hole program of 1,450 metres to commence in July 2017
o Holes to be down hole EM surveyed.
o Constructive negotiations on an agreement with the CLC to allow the grant of the
tenement applications are progressing.
Managing Director Matt Briggs said “The diamond drilling program planned at Grapple will increase
the understanding of the style of mineralisation while also potentially growing the deposit.
The encouraging results so far are evidence that Lake Mackay has the potential
to be a new metallogenic province.”
IGO has only tested the initial anomalies identified within areas which are effective for
soil sampling on about 7% of the JV tenure.
The success of intersecting mineralisation from the limited programs completed supports
the concept, generated from continental-scale targeting, that the Lake Mackay Project
could represent an emerging new metallogenic province.
Subject to reaching an agreement for the granting of the tenement applications, the focus
for the next twelve months is to continue testing the Grapple Prospect and to detect
additional prospects over the application areas, with the use of airborne and ground
geophysics and soil sampling, once they are granted.
salt
