The drilling program at the Twin Bonanza Gold Camp Project owned by ABM Resources is proceeding very well. The results from the Buccaneer Porphyry Gold Deposit have shown significant gold intersection of 0.52 grams per tonne over 427 meters.
Plan view of of the Buccaneer Porphyry Prospect showing drill hole locations and geology. Map includes inferred composite contour at various grade cut-offs from drilling projected from various levels to surface i.e. does not represent single level plan-slice –refer to cross-sections for indications of width. Image Credit: ABM Resources
The Buccaneer Porphyry Gold Deposit is a 1.67 million ounce deposit that is being explored at present through a massive drilling regime. Managing Director of ABM Resources, Mr Darren Holden, said the latest round of drill results continue to extend our 100% owned Buccaneer Porphyry Deposit.
He added that BCRD100002, their first diamond core hole, is one of their deepest holes ever and contains substantial mineralization over a 427 meter length extending mineralization vertically approximately 130 meters on this section. In addition, they observed for the very first time, high grade visible gold in the core in an individual 1 meter sample which assayed in excess of 50g/t gold.
The managing director said that this visible gold is a strong indicator of readily recoverable gold available in this part of the system. Furthermore, the Buccaneer Deposit has been extended further to the south east with the excellent results from BCRC100050.
The Twin Bonanza Gold Camp is located 22 kilometers south of the Tanami Road and 14 kilometers east of the Western Australia - Northern Territory border. It spans the Trans Tanami Structure which is an inferred regional and tectonic geological feature that hosts numerous gold deposits including Newmont's multi-million ounce Callie Gold Mine.