ABM Resources has announced that it is conducting the phase II 2012 program, which includes systematic longitudinal sampling of veins that are extending towards the Old Pirate high-grade deposit located in the Northern Territory in Australia.
Gridded and sampled vein (pink lines represent grid boundaries of vein samples)
The company has encountered 15.42 g/t gold over 63 m strike, 28.9 g/t gold over 343 m and up to 273 g/t gold from the East Side vein, where systematic surface sampling was carried out during the phase II program. It discovered two new extensional quartz vein mineralization between the Old Pirate region and the East Side vein, including 15.83 g/t gold over 110 m and 55.70 g/t gold over 30 m. ABM has completed surface sampling program at the Golden Hind vein.
After the 2011 surface sampling campaign, the company continued to open surface veins, which were subjected to trench or channel sampling. ABM has gathered new vein material of more than 2000 samples.
The phase II assay results obtained from the 2012 program carried out at the Old Pirate comprise further samples received from the East Side vein, and has validated that this vein connects via the Old Pirate South region.
The East Side vein is situated near the east boundary of the open pit design. The company assumes that this vein continues towards depth; therefore the design of the pit will possibly be modified to add this East Side vein. The East Side vein continues to the southern part towards the Old Pirate south-east limb.
The company received a series of rock samples from the veins towards the southern part of the Old Pirate area. These samples represented low-grade results with intermittent high-grade individual samples.
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