Broads Dam Project - Magnetic Anomalies and Auger Geochemistry drill hole locations, June 2009.
Perth, June 11, 2009 AEST (ABN Newswire) - ABM Resources NL (ASX:ABU) through a farm-in Heads of Agreement with Australian Gold Investments Limited (ASX:AGV), is earning an interest in three prospecting licences (PL's 16/2386 - 16/2388) located at Broads Dam, 35 km north-west of Kalgoorlie in Western Australia.
The Broads Dam Gold Project encompasses a 1.7km portion of the highly mineralised Zuleika Shear Zone, which is host to a number of nearby operating underground gold mines, including Barrick's Kundana operations and La Mancha's Frogs Leg mine. Furthermore, the previously mined Broads Dam pit (approximately 90,000oz) and Blue Funnel pit lie immediately along strike to the north of the Project. In addition to targeting the Zuleika Shear within its ground, ABM is also targeting a very pronounced magnetic anomaly defined by a low level aeromagnetic survey within the project area.
Work completed to date on the project has included an Aboriginal Heritage Survey and a program of auger soil geochemical drilling on a 200m x 100m pattern over the targeted magnetic anomaly in the western part of the project tenements. This auger program comprised of 129 drill holes/samples targeting the pedogenic carbonate layer in the soil profile. Multi-element analysis (Au/Gold, As/Arsenic, Mo/Molybdenum, Hg/Mercury, V/Vanadium, Te/Tellurium and Sb/Antimony) is being completed on the auger samples to determine if a geochemical signature can been seen for gold and pathfinder elements associated with an intrusive related gold mineralising system. Results from the auger drilling program are expected towards the end of June 2009.
ABM would like to thank the geological team at Australian Gold Investments for their contribution in the planning of the program and their assistance in the interpretation of the data.
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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