PRX 0.00% 0.3¢ prodigy gold nl

ann: trial mining update

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    Trial Mining & Processing Update at the Old Pirate High-Grade Gold Project
    ABM Resources NL (“ABM” or “The Company”) presents an update on the Trial Mining and Processing at the Old Pirate High-Grade Gold Project in the Northern Territory of Australia.
    Trial Mining is progressing to plan with ore being stockpiled and pending processing: Golden Hind High-Grade
    ? First 1m bench excavated with ore stockpiled and waste removed over 85m strike length.
    ? Two high-grade veins each >1m wide. Several splay structures and also gold-bearing highly silicified
    shale on the hanging wall.
    ? Frequent coarse visible gold (>0.5mm) observed throughout excavation process.
    Old Pirate South High-Grade
    ? First 1.25m bench excavated with ore stockpiled from 80m strike length high-grade section.
    ? Frequent fine visible gold (<0.5mm) and occasional coarse visible gold.
    ? Upon excavation the 6m x 6m blow-out (averaging 77g/t gold) observed at surface, has an increased footprint of 10m x 8m with multiple thick quartz veins with coarse visible gold observed frequently.
    ? Old Pirate South veins continue at least 20m further along strike beyond previous surface sampling. Old Pirate Eastside Vein High-Grade
    ? First 1m bench excavated with ore stockpiled over 60m strike length.
    ? As predicted from surface work, vein varies from 30cm to >1m width.
    ? Fine visible gold (<0.5mm) frequently observed during excavation process.
    Western Limb High-Grade
    ? Waste material on hanging wall removed over a 300m strike length.
    ? Ore extracted from over 60m strike length (partially complete first bench). ? Coarse visible gold observed frequently.
    Old Pirate Central, Southern Western Limb, Eastern Limb, SE Veins and Heartland veins:
    ? All top soil cleared.
    ? Mining areas marked out in preparation for excavation. Pilot Processing Plant Facility:
    ? Tailings dam complete and fully lined.
    ? Crushing plant installation complete.
    ? Knelson concentrator tower erected and concentrator positioned.
    ? Ball Mill arrived and being installed.
    ? Commissioning of plant anticipated to commence in one to two weeks.


    Go and fly !!!
 
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