G'Day Burt-While reviewing Buccaneer was reminded of the following,
In 2014/15 the company completed 48 shallow air-core holes at Buccaneer totaling
3,305 mts-targeting near surface positions within the mineralised envelope, providing
opportunity to expand the higher grade component of the mineral resource.
ASX-10 July & 9 September 2015
Assay results received with significant intercepts above 1.0g p/t.
Hole BCAC100007 - 19 mts at 5.82 g p/t - (41 mts below surface).
Hole BCAC100003 - 2 mts at 33.36 g p/t - ( 40 mts below surface ).
Hole BCAC100025 -17 mts at 2.63 g p/t - ( 30 mts below surface ).
Hole BCAC100030 -19 mts at 1.23 g p/t - ( 36 mts below surface ).
Hole BCAC100024 - 6 mts at 3.26 g p/t - (44 mts below surface ).
The Mineral Resource estimate has not yet been updated to incorporate
these drilling results.
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QTY-Activities and Cash Flow Report 31-Jan 2017
Bonanza Divestment Process
Following the receipt of several unsolicited expressions of interest in the Bonanza
Project, ABM commenced a formal process to invite third party interest.
In spite of a substantial interest with 20 confidentiality agreements
being executed the process did not yield offers that ABM believes reflects
the true value of the consolidated assets at Bonanza.
Discussions are continuing with several parties for the Old Pirate and Buccaneer
deposits individually.
The decision to divest, or JV, any assets will depend on whether offers
received represent superior value for ABM shareholders.
A review of the geological modelling of the Buccaneer deposit has
commenced with a view to improve the geological controls of the grade
estimate, and to include the results of drilling completed subsequent
to the 2013 Resource.
Very interesting-That Buccaneer geological modelling is being reviewed & that
assay results competed post 2013 are being include for a resource update .
Further its the first time its been mentioned- that discussions are continuing
with Buccaneer & O.P.-individually .
P.S.-G'day Blackcat -Yes Cobalt assay's appear in virtually all holes having
been drilled at Bumblebee & Grapple thus far & Grapple having 26 intersections
of cobalt ranging from 0.01%-1.71%.
Certainly worth keeping eye out for cobalt assay results as the 2017 exploration
results come through.
glth-salt
