Hyperion Drill Results Show Wide Mineralised Zones
Perth, Mar 12, 2012 AEST (ABN Newswire) - ABM Resources NL (
ASX:ABU) is pleased to provide an update on exploration activities in the Northern Territory.
Drilling results from the Hyperion Gold Project:
Reverse Circulation hole HYRC100023 at the Hyperion Central Prospect intersects:
- 26 metres averaging 2.95g/t gold (0.3g/t cut-off) including:
-- 17 metres averaging 4.36g/t gold (0.5 g/t cut-off) including:
-- 13 metres averaging 5.46g/t gold (1.0g/t cut-off).
Reverse Circulation hole HYRC100012 at the Hyperion Central Prospect intersects:
- 35 metres averaging 1.27g/t gold (0.3g/t cut-off) including:
-- 1 metre grading 8.44g/t gold (1.0g/t cut-off) and
-- 24 metres averaging 1.71g/t gold (1.0g/t cut-off).
Reverse Circulation hole HYRC100015 at the Hyperion Central Prospect intersects:
- 26 metres averaging 1.17g/t gold (0.5g/t cut-off) including:
-- 19 metres averaging 1.42g/t gold (1.0g/t cut-off).
Reverse Circulation hole HYRC100022 at the Hyperion Central Prospect intersects:
- 38 metres averaging 1.06g/t gold (0.3g/t cut-off) including:
-- 18 metres averaging 1.62g/t gold (0.5g/t cut-off).
Darren Holden, Managing Director of ABM Resources said, "The Hyperion Gold Project continues to return excellent near surface drill results and the system continues to show extensive wide zones of mineralisation. ABM has started compiling these results into the first JORC compliant resource on this project."
Hyperion Gold Project
The Hyperion Gold Project is 100% owned by ABM and is located 18 kilometres north-northeast of the Groundrush Gold Deposit (Tanami Gold NL). The Hyperion Gold Project consists of a composite 2 kilometre by 500 metre gold anomaly defined by over 300 shallow rotary air blast (RAB) holes. Gold mineralisation at Hyperion is principally hosted in structurally controlled quartz-carbonate veins associated with felsic dykes and dolerite within a sedimentary rock sequence. The project area bears several geological similarities to the Groundrush Deposit located nearby.
The Hyperion Central Prospect has confirmed mineralisation over a strike length of 600 metres within an anomaly more than 1 kilometre long. Mineralisation extends from surface to a depth of at least 250 metres below surface.
The Hyperion South Prospect has confirmed mineralisation over a strike length of 250 metres within an anomaly 800 metres long. Mineralisation extends from near surface to at least 200 metres depth.
ABM's 2011 drill program at Hyperion consisted of 20 reverse circulation (RC) drill holes for a total of 3,354 metres of drilling for extensional exploration and resource estimation purposes. Refer to Appendix 1 and 2 for full details.
To view the complete ABM Resources announcement including Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABU-581532.pdf
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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