Gold Project, Gold Mining, Mining Exploration Company, Gold Company

Our Operations

ABM Tenement Position

ABM Resources NL is focused on unlocking the potential of what is arguably Australia’s final frontier for large-scale gold discovery – the Tanami / Arunta Provinces with the aim to discover Tier One deposits greater than 5 million ounces of gold.

The company is currently prioritising targets for 2010 and is validating existing work and will provide these exploration updates as validation when work is completed. ABM is preparing to drill 20 targets in 2010 and has a long-term strategy to test a total of up to 100 targets over 5 years.

Following the recent acquisition of certain Exploration Licenses and Exploration License Applications from Tanami Gold NL and Newmont in the Northern Territory, ABM is now one of the largest land-holders in Australia exploring for gold and gold-copper deposits.

ABM’s current land holdings are in excess of 28,000 square kilometres (~2.8Mhectares). These are divided into four distinct project areas – Tanami Project; North Arunta Project; East Arunta Project and Lake Mackay Project in the Northern Territory.

Two advanced target areas that are being drilled in 2010 are the Hyperion and Kroda gold prospects. The Kroda gold project has more than 14km of combined strike length of gold anomalism and four individual prospects with drill results including:

• 27m @ 6.42g/t gold  (at 0.3g/t cut-off) ending in mineralisation including
  • 6m @ 25.90g/t gold (at 1.0g/t cut-off) ending in mineralisation
• 37m @ 2.75g/t (at 0.3g/t cut-off) ending in mineralisation including
  
  • 15m @ 5.85g/t gold (at 1.0g/t cut-off)

The Hyperion Gold Project is a 2km by 500m gold anomaly with central drilled zone of 500m strike length and drill results including:

• 60m @ 2.57g/t gold (at 0.3g/t cut-off) ending in mineralisation including
  • 16m @  3.51g/t gold (at 1.0g/t cut-off)
  • 21m @ 4.57g/t gold (at 1.0g/t cut-off)
• 28m @ 5.07g/t gold (at 0.3g/t cut-off) including
  
  • 13m @ 10.41g/t gold (at 1.0g/t cut-off)

The project areas in the ABM portfolio have a high potential for the discovery of significant gold mineralisation. They already contain high grade gold-quartz vein (Tanami / Callie Type) prospects as well as iron-oxide copper-gold (Olympic Dam and Tennant Creek analogues) prospects.

Large scale anomalies such as the Reynolds Range (North Arunta) comprise of broad gold anomalism in surface sampling and shallow drilling over 80km of strike length. There are also significant prospect scale results including highly anomalous copper and gold in surface sampling and shallow drilling over 500m of strike length at the Tekapo Prospect at Lake Mackay.