20 November 2017
RC Drilling has commenced at the Suplejack Project HIGHLIGHTS1,580 metres of RC drilling has commenced on the following targets on our 100% owned Suplejack Project;
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Seuss Fault
700m planned, following up on 5m @ 60.9g/t, 13m @ 5.6g/t and 7m @ 4.7g/t gold DD and RC holes
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Hyperion South / Seuss Intersection
660 metres planned, following up on 1m @ 1.8g/t gold aircore hole
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Hyperion West
220 metres planned, following up 29m @ 0.2g/t and 12m @0.3g/t gold (historical RAB intersections)
ABM Resources ("ABM" or "Company") is pleased to advise that reverse circulation (RC) drilling has commenced on its 100% owned Suplejack Project in the Tanami Region of the Northern Territory. The Suplejack Project contains a number of mineralised structures being systematically explored.
Drilling identified the Seuss Fault in December 2016 with the first diamond result of 13m @ 5.6g/t gold (ASX announcement 7 December 2016). Subsequent RC drilling confirmed continuity of the structure with key intersections that include 5m @ 60.9g/t, 6m @ 19.4g/t, 3m @19.9g/t and 7m @ 4.7g/t gold (ASX announcement 23 June 2017).
Aircore drilling in July 2017 identified potential extensions to the Seuss mineralisation with best result of 1m @ 1.8g/t gold intersected in aircore to the south to the Seuss RC program (ASX announcement 13 September 2017).
The compilation of historicdataat Hyperion West has identified two significant historic RAB holes that have not been effectively followed up. These are intersections are 29m @ 0.2g/t and 12m @0.3g/t gold.
ABM's Managing Director, Matt Briggs, said:
"Ourunderstandingof the Suplejack Project continues to improve. This project alonehasmultipletargets that have a high potential to deliver. The previous RC results exceeded our expectations with multiple significant intersections. I look forward to theresults from this upcoming drilling as wecontinueto grow the area".
Figure 1. Suplejack RC program drilling locations
Matt Briggs - Managing Director About ABM ResourcesABM is an established gold exploration company with a successful track record of discovery in one of Australia's premier gold mining districts. The Company owns gold resources and extensive prospective land holdings in the Central Desert region of the Northern Territory. The Company leadership has implemented a strategy of aggressive cost management initiatives and is developing a disciplined, tightly focused exploration strategy. Activities are currently focused on the Company's under-explored 21,000km2 Tanami Project area1 and includes:
Systematic evaluation of high potential early stage targets
Drilling of advanced prospects on the Suplejack Project
Assessment of existing resources and
Exploring opportunities for joint ventures and divestment of early stage targets
1 Area managed by ABM excluding the Lake Mackay JV and North Arunta Projects
2
Competent Person's StatementThe information in this announcement relating to exploration targets and exploration results are based on information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Briggs is a full time employee of ABM Resources NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves". Mr Briggs consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.
Appendix 1: Suplejack Historic RAB Drill Hole Co-ordinatesHole ID | Total Depth (m) | East1 | North1 | RL2 | Dip | Azimuth1 | Year Drilled | From Depth (m) | Interval (m) | Result3 (g/t Gold) | Comments |
STRB0301 | 29 | 612333.6 | 7837165.8 | 416 | -90 | 269.5 | 2003 | 0 | 29 | 0.2 | |
STRB1142 | 60 | 612583.3 | 7837005.4 | 415 | -90 | 3.5 | 2004 | 36 | 12 | 0.3 | "Good quartz veins" |
1Converted to MGA94 Zone 52 2Estimated from 30m SRTM data 3Reported above a 0.1g/t cutoff
SECTION 1: SAMPLING TECHNIQUES AND DATA - HISTORIC RAB HOLES AT SUPLEJACKCriteria JORC Code explanation Commentary
Sampling techniques
Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity and the
appropriate calibration of any measurement tools or systems used.
Aspects of the determination of mineralisation that are Material to the Public Report.
In cases where 'industry standard' work has been done this would be
relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.
RAB drilling has been employed by employees in the historic data presented.
Drillholes havebeen sampled at various intervals which includemulti and
singlemetre composites.
The exact sampling methods cannot be determined, with confidence, from the historic data.
Criteria | JORC Code explanation | Commentary | |
Drilling techniques |
| | RAB drilling has been employed by previous employees in the historic data presented. |
Drill sample |
nature of the samples. | | Due to the historic natureof the data, recovery cannot be determined with |
recovery | confidence. | ||
| The relationship between samplerecovery and grade has not been | ||
determined. | |||
Logging |
channel, etc) photography. | | Not all geological data for all drillholes is available. Where data is available, it has been compiled and entered into the company historic database. The data will be unsuitable for usein a Mineral Resourceor more advanced study and is to be used as an exploration aid only. |
Sub-sampling |
preparation technique. material collected, including for instance results for field duplicate/second- half sampling. sampled. | | The nature of the sub-sampling for the RAB chips has not always been |
techniques and | determined due to the historic natureof the data. | ||
sample | | The samplepreparation and samplesizeinformation is not always available | |
preparation | due to the historic natureof the data. | ||
Quality of |
| | QAQC protocols arenot always provided in the historic data and it is |
assay data and | procedures used and whether the technique is considered partial or total. | unlikely to be to the same level as current industry standards. | |
laboratory |
| ||
tests | parameters used in determining the analysis including instrument make and | ||
model, reading times, calibrations factors applied and their derivation, etc. |
ABM Resources NL published this content on 20 November 2017 and is solely responsible for the information contained herein.
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