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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