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North Arunta Project The North Arunta project area is located between 200 and 400km north-northwest of Alice Springs and 85km (at nearest point) to Newmont’s Callie / Granites Mine. The region is accessed by approximately 70 kilometres of well serviced tracks from the Tanami Road near Yuendumu.
The North Arunta Trans-Tanami Extension covers greater than 6000 square kilometres of Exploration License Applications. The region is intersected by the Trans-Tanami Fault Zone – the same structure that hosts Newmont’s Callie Mine (>5Moz gold).
Barrow Creek Regional Project; Kroda Gold Project A 14 hole program drilling 2,490 metres has been completed at the Kroda Gold Project confirming a second discovery camp in the Northern Territory with results: 29metres averaging 6.38g/t gold with 57metres averaging 3.83g/t gold. The Kroda Gold Project is located 18 kilometres west of the Stuart Highway, 30 kilometres north of the town of Barrow Creek and 200 kilometres south of Tennant Creek. The project consists of 4 individual prospects (Kroda 1 to 4) with a combined anomalous strike length of 14 kilometres. The principal target commodity is gold, however, Kroda 2 in particular has anomalous copper associated with the gold. The project is well serviced with infrastructure and is located on pastoral land close to the Stuart Highway, the Ghan Rail Line and the Northern Territory Gas Pipeline.
The Kroda Gold Project is located within the Company’s Barrow Creek Regional Project area. The Barrow Creek Regional Project consists of a 160 kilometre long geophysical gravity trend with associated metamorphosed sedimentary rocks, dolerite intrusions and large granite intrusions. The region has several known mineral occurrences including gold, copper, nickel, zinc, tin and tantalum.
Reynolds Range Regional Project; Stafford Gold Zone Reynolds Range presents up to 24 known gold occurrences mainly associated with greenschist facies in shale and sandstone units of the Lower Palaeoproterozic Lander Rock Beds. This Formation is equivalent laterally to the <1,860 Ma Killi Killi Formation in the Tanami Group where numerous Gold deposits have been discovered.
The Stafford Gold Zone is located in the Reynolds Range Project area approximately 96km NNE of Alice Springs and covers a strike length of more than 20km with 10 individual prospects and a target area in excess of 80sq km.
ABM Resources completed an initial eight-hole program for 2346 metres of drilling at the Stafford Gold Zone and tested 4 individual targets. The best results were returned from the Sabre Prospect where the Company intersected 35 metres grading 2.02g/t gold including 17 metres grading 3.93g/t gold and 2 metres grading 18.15g/t gold. In addition, the Company conducted regional reconnaissance work and collected high grade copper (up to 20.3% copper) and silver (up to 271g/t silver) samples at the Reward Prospect. The final results for the Stafford Gold Zone were received during July 2010, there is currently no further exploration planned at this prospect.
Gold is present in poly-metallic associations as well as producing alteration halos associated with pathfinder elements such as antimony and arsenic. Quartz veining and doleritic relationships with gold anomalies have been described at several prospects in the area as well as geochemical fingerprints.
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ABM Resources NL
Level 1, 141 Broadway, Nedlands WA 6009Tel: +61 8 9423 9777 Fax: +61 8 9423 9733 ABN: 58 009 127 020 |
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