Perth, June 26, 2008 (ABN Newswire) - ABM Resources NL (ASX:ABU) Announce a 1200 metre RC Drilling program has commenced at the King Prospect with Joint Venture Partners, Hawthorn Resources (ASX:HAW).
Project Background
The Erayinia Project is a 70:30 JV with Hawthorn Resources and is located approximately 150 km east south east of Kalgoorlie within an Archaean greenstone belt at the southeast margin of the Yilgarn Craton. Exploration carried out 14 years ago identified copper-zinc mineralisation in a possible Volcanic Massive Sulphide (VMS) environment. Focused exploration initiated by ABM Resources from 2005 onwards has confirmed the presence of a VMS zone (King Prospect). A total of 25 drill targets have been identified within a 40 km long greenstone belt at Erayinia based on geophysical and geochemical anomalism. ABM is now intensifying its exploration drilling programs to determine the size and economic potential of its King Prospect and the broader project area.
King Prospect - RC drilling
Following on from the announcement by ABM on 10 June 2008 of a high grade intercept of 4 metres at 11.6% zinc at King in drill hole ECD132 , the company is pleased to announce that it has commenced an RC drilling program of pre-collars of approximately 1200m. These pre-collars will be used for the next program of diamond drilling which has been planned to test the northern extension of the Northern Lens and follow up drilling at Southern Lens at King.
About ABM RESOURCES NL
The Company owns a portfolio of base metals and gold project interests. The base metals projects are located in Western Australia (zinc, lead and copper) and Zambia (copper). The gold projects are located at Mimosa, Mozambique and Broads Dam near Kalgoorlie in Western Australia. The conceptual exploration framework of the company is focused on delineating major mineral discoveries.
The current primary exploration focus is the substantial regional-scale Volcanic Massive Sulphide (VMS) base metals project at Erayinia located in Western Australia and the highly prospective Mimosa gold project located in Mozambique. ABM Resources also holds interests in another 3 Western Australian base metals projects; the Gascoyne Joint Venture, and 100% held tenements at Earaheedy and Harbutt Range in Western Australia.