High Grade Extensional Exploration Results from Old Pirate
with Assays up to 156g/t Gold
ABM Resources NL (“ABM” or “The Company”) is pleased to announce a series of drill holes that are primarily outside and therefore additional to the Old Pirate April 2012 Gold Resource estimation. Old Pirate is located on the Twin Bonanza Gold Project, which is the same project as the Buccaneer Porphyry Gold Deposit and the Golden Hind high grade gold discovery, in the Northern Territory of Australia. Northern extensions of the Western Limb Lode The northern extensions of the Western Limb Lode are represented by a high grade gold bearing quartz vein. Surface sampling of these northern extensions reported earlier this year showed 126 metres of strike length from a 20cm to 50cm wide vein averaging 42.37g/t. Drill results across these northern extensions have encouragingly shown wider intersections of mineralisation than the vein exposed at surface. All intersections below (at 1.0g/t cut-off) are within 100 metres of surface and have a high probability of being included in a modified open-pit design. Highlights include:
• Hole OPRC100140 intersected 2 metres averaging 87.88g/t gold (including 1 metre
grading 156.5g/t gold).
• Hole OPRC100141 intersected 2 metres averaging 35.40g/t gold.
• Hole OPRC100114 intersected 3 metres averaging 10.11g/t gold.
• Hole OPRC100146 intersected 1 metre grading 30.60g/t gold.
• Hole OPRC100143 intersected 3 metres averaging 9.30g/t gold.
• Hole OPRC100119 intersected 1 metre averaging 25.40g/t gold.
• Hole OPRC100136 intersected 4 metres averaging 6.08g/t gold.
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