ABM Resources NL (ASX:ABU) Technical Presentation On The Twin Bonanza Gold Camp And 1.67 Million Ounce Buccaneer Porphyry Gold Deposit
Perth, Mar 22, 2011 AEST (ABN Newswire) - ABM Resources NL (ASX:ABU) is pleased to announce that Project Geologist - Mr Patrick Smillie is presenting today at the Northern Territory Geological Survey's Annual Geoscience Exploration Symposium in Alice Springs.
The presentation focuses on the history of the project as well as some technical and geological aspects of the Buccaneer Porphyry Gold Deposit and the Twin Bonanza Gold Camp where the Company recently released its Maiden Inferred Resource of 1.67 million ounces of gold (also refer release 21.02.2011). The presentation includes technical details on the newly identified Western Zone of the Buccaneer Porphyry with drill results including 81m grading 2.03g/t gold (also refer release 13.01.2011).
The presentation held today is titled:
"Twin Bonanza Gold Camp and Buccaneer Porphyry Gold Deposit - A Paleoproterozoic Intrusive Related Gold Deposit in the Tanami"
Please view the presentation through following link:
About the Twin Bonanza Gold Camp Project
The Buccaneer Porphyry Gold Deposit is just one of thirty targets which make up the Twin Bonanza Gold Camp in the Northern Territory. Twin Bonanza is located approximately 22 kilometres south of the Tanami Road and 14 kilometres east of the Western Australia - Northern Territory border. The Project spans the highly prospective "Trans Tanami Structure" - an inferred regional / tectonic geological feature which hosts numerous gold deposits including Newmont's (NYSE:NEM) multi-million ounce Callie Gold Mine. ABM has focused its effort at Twin Bonanza on the Old Pirate Prospect - a 3 kilometre anomaly with multiple high-grade gold zones in quartz veins hosted in sedimentary rocks and the Buccaneer Porphyry Gold Deposit - a bulk tonnage gold system.
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.