ABU:ASX 166m@19.17g/t Au First Three Veins


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1971 Postings, 6397 Tage DasMünzABU:ASX 166m@19.17g/t Au First Three Veins

 
  
    #1
1
13.10.11 20:40
http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=561090

TAM:ASX hält 19% der Anteile

Old Pirate Trenching Combined Strike Length 166m@19.17g/t Au
Exploration Update | Operations Update
13-10-2011
Old Pirate Phase One Bulk Longitudinal Trenching Results:
First Three Veins Combine for Strike Length of
166 metres averaging 19.17g/t Gold
ABM Resources NL (“ABM” or “The Company”) is pleased to announce results from Phase 1 of the Old
Pirate Bulk Sampling and Trenching Program, which is part of the Company’s Twin Bonanza Gold
Camp Project.
* Overall weighted average from 207 samples with a combined strike length of
3 veins = 166 metres averaging 19.17g/t gold.
* Peak assay of 697g/t gold with 61 samples grading greater than 10g/t gold
(average 54.8g/t gold) and 6 samples grading greater than 100g/t gold
(average 259g/t gold).
* Individual vein-trench results are:
o 95 metres averaging 27.96g/t gold (open along strike) including:
* 12 metres averaging 115.10g/t gold
* 6 metres averaging 37.09 g/t gold
* 22 metres averaging 29.95g/t gold.
o 46 metres averaging 10.59g/t gold (open along strike) including:
* 32 metres averaging 13.74g/t gold.
o 25 metres averaging 8.50g/t gold including:
* 6 metres averaging 19.68g/t gold.
* Individual veins exposed range from 10cm to 5 metres in width.
* Phase 2 trenching (440 samples) from other veins are in transit to the
laboratory and a further 700 samples to be collected as part of Phase 3.
Darren Holden, Managing Director said, “The average grade of the veins sampled in the Phase 1 bulk
trenching at Old Pirate is approximately 2 to 3 times our previous estimates. This sampling constitutes
the first phase of the most comprehensive systematic study to date of overall grade of the veins in this
high grade system and is designed to be used in the resource estimation work.”
Phase 1 Bulk Trenching at Old Pirate
Figure 1 shows the sample location of the Phase 1 bulk longitudinal (strike-length) trenching at Old
Pirate. The statistics of all 207 samples are shown in Table 1 below.
About the Old Pirate High-Grade Gold Prospect
The high grade Old Pirate Gold Prospect is located approximately 1800 metres from the 1.67 Moz
Buccaneer Porphyry Gold Inferred Resource. Gold at Old Pirate is distributed throughout a series of
quartz veins within interlayered sandstone and shale sedimentary rocks. The veins range from
centimetres to several metres wide and are defined by drilling, surface mapping and trenching over an
area of 600 metres by 250 metres and to a depth of 200 metres within an overall anomalous trend in
excess of 3 kilometres. The veins and sediments are folded into a plunging anticline (an arch shaped
geological structure). In addition a diorite intrusive rock has been emplaced within the sedimentary rocks
and is thought to have been a focus of the mineralising fluids. Previously ABM had contracted Dr
Charles Butt of the CSIRO in Perth to conduct preliminary Scanning Electron Microscope Analysis work
on surface gold samples and Dr Butt concluded that, based on the samples provided, the gold in the
veins is not supergene enriched and is hence primary gold in quartz (refer ASX announcement
15/11/2011).
Due to the uneven distribution of the gold within the quartz veins, ABM geoscientists focus on the
location and distribution of the actual veins as well as the gold within the veins.
Rationale and Sampling Method
ABM has previously drilled several high grade intercepts including 9 metres averaging 100.9 g/t gold
and 5 metres averaging 274g/t gold interspersed with generally lower grade intercepts. The gold can be
coarse (up to 2 to 3mm grains) at Old Pirate and is hosted within quartz veins. However, the distribution
of the gold within these veins is not uniform, and hence drilling will likely under-call the overall grade of
the system. Upon advice from external consultants, rigorous and systematic bulk sampling of the quartz
along the strike length of veins at Old Pirate was proposed, of which Phase 1 is presented here.
The process for the bulk-trenching program is:
1. Natural outcropping veins are mapped for location and width.
2. The backhoe digger then digs a trench that exposes those parts of the veins that are hidden
underneath shallow soil cover to provide a combined map of natural outcrop and trench
exposed quartz vein (Figure 1).
3. For each metre of exposed quartz vein (both in natural outcrop and trenched veins) two
representative samples of approximately 3 to 4 kg are collected. Quartz is selected
systematically so as not to bias individual samples. One sample is sent to the laboratory with
the remaining sample retained for future checking.
4. The maximum depth of the trench is 1 metre (due to permit regulations, safety considerations
and to minimise environmental impact). If the soil cover is greater than 1 metre then sampling
does not take place (refer Figure 1).
5. Samples are processed by ALS Global in Alice Springs where they are weighed and analysed
using regular fire assay. Samples greater than 10g/t are re-assayed using AA25 ore-grade
method, and samples >100g/t are re-assayed using AA25 / Over Limit Dilution method.
About the Twin Bonanza Gold Camp
The Twin Bonanza Gold Camp is centred approximately 22 kilometres south of the Tanami Road and
14 kilometres east of the Western Australia – Northern Territory border. The Project spans the highly
prospective “Trans Tanami Structure” an inferred regional / tectonic geological feature which hosts
numerous gold deposits including Newmont’s multi-million ounce Callie Gold Mine. In 2010 ABM
focused its effort at Twin Bonanza on the Old Pirate Prospect – a 3 kilometre anomaly with multiple
high-grade zones in quartz veins hosted in sedimentary rocks and the Buccaneer Porphyry Gold
Deposit – an intrusive related bulk tonnage gold deposit where the Company reported a 1.67Moz gold
maiden resource in February 2011. For the remainder of 2011 ABM is focusing its effort on Buccaneer
extensional targets including Caribbean Zone, Cypress Prospect and Old Pirate (trenching and drilling).
About ABM Resources
ABM is a mineral exploration company focused on gold and gold/copper discovery in the Tanami-Arunta
regions of the Northern Territory, Australia. The Company is one of the largest exploration license /
license application holders in Australia. The Company has an aggressive exploration approach and is
well funded for multiple target testing with multiple rigs in 2011.
Signed



http://www.abmresources.com.au/downloads/File/pdf/...%20Patersons.pdf  

1971 Postings, 6397 Tage DasMünzDer Goldpreis zieht an, ABU geht ab

 
  
    #2
16.09.12 22:04
- Extension of 126m strike length averaging 42.37g/t

http://stocknessmonster.com/news-item?S=ABU&E=ASX&N=603017  

1971 Postings, 6397 Tage DasMünz17m @ 29.43g/t

 
  
    #3
30.09.12 18:43
das Sahnestück unter dem Goldexplorern- ABM


High-Grade Discovery Confirmed at Golden Hind 17m @ 29.43g/t
Drilling Report
17-09-2012
ABM Resources Announces High-Grade Discovery Confirmed at Golden Hind Prospect


ABM Resources announced the first drill results from the Golden Hind Prospect. Golden Hind is located 800m south of the Old Pirate Gold Deposit on the Company's Twin Bonanza Gold Camp Project in the Northern Territory of Australia. Significant intersections include 17m averaging 29.43g/t Au, 25m averaging 7.62g/t Au and 21m averaging 4.27g/t Au. Further 24 holes completed at the Golden Hind pending assay.


http://www.topstocks.com.au/...archgo&searchtype=fid&fid=2126  

1971 Postings, 6397 Tage DasMünzSpectacular Drill Intersections 42m @ 44g/t Au

 
  
    #4
02.10.12 21:30

23475 Postings, 5104 Tage Balu4uBohrergebnisse

 
  
    #5
19.11.12 12:22

1971 Postings, 6397 Tage DasMünz3.5Moz in the highly prospective Central Desert

 
  
    #6
28.04.13 12:09
http://www.proactiveinvestors.com.au/companies/...-pirate--41765.html

produziert wird ab Juli


Old Pirate trial mining

Offsite modular pilot plant construction for the Old Pirate staged development continues on schedule and budget.

ABM is planning to conduct trial mining at the project in June and July. This trial mining is stage one of a multi-stage approach to development at Old Pirate.

Mining is scheduled to begin in June followed by processing in July.

Long lead time items for fine gold recovery (Knelson Concentrator) have been ordered from Consep Pty Ltd and engineering of support structures is progressing.

AMTAS Pty Ltd in Perth has begun work on components for coarse gold recovery (scrubber and jig).

The crushing circuit and ball mill have been secured via Index Pty Ltd in Brisbane and are being refurbished.

ABM is well capitalised to achieve its milestones in 2013 with $14.1 million in cash at the end of the December quarter 2012.  

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