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Galena Mining concludes drilling program at Abra; confirms high-grade lead-silver assays

Proactive Investors Wednesday, 14 August 2019
Galena Mining Ltd (ASX:G1A) has successfully concluded the 2019 project development drilling program at its Abra Base Metals Deposit in Western Australia. A total of 43 diamond core drill-holes (18,255 metres) were completed between April and August 2019. High-grade assays continue to be received, including the following from thirteen drill-holes (AB121-122 and AB124-AB134): 23.9 metres at 10.3% lead and 23 g/t silver in AB128 including 7.2 metres at 24.0% lead and 55 g/t silver; 16.7 metres at 6.4% lead and 12 g/t silver in AB129; 13.7 metres at 14.0% lead and 26 g/t silver in AB131; and 12.4 metres at 8.2% lead and 21 g/t silver in AB127 including 6.9 metres at 10.8% lead and 27 g/t silver. Drillhole pierce points - 1 Galena managing director Alex Molyneux said: “Our largest drill program to date continues to successfully delineate additional high-grade lead and silver intersections at much higher density in the upper northwestern area of Abra. “This will enable us to complete an updated Mineral Resource estimate with a higher confidence, supporting our target to convert Resources to Ore Reserves and continue to optimise our mine model.” “With these assays, we once again intersected material copper mineralisation (3.2m at 2.3% copper) so we’re increasingly studying the potential nature and scale of the copper-gold zone at Abra. “We also saw our highest grade ever significant silver intersection with 457g/t over almost five metres in hole AB121.” Drillhole pierce points - 2 Next steps Now that 2019 drilling is complete an updated resource estimate will commence immediately upon receipt of the remaining assays and planned for completion late-2019. Considering results to date, Galena believes not only has the drilling program met its objectives but in general the results are considered very positive in terms of individual grades and thicknesses of the drill data in direct comparison to the drill data used in the December 2018 resource.
Credit: NewsChannel 5 Nashville - Published
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