ABM RESOURCES NL - ASX: ABU

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Description

Unlocking the potential of Australia’s final frontier by bringing a new approach to discover tier one, Gold and Gold-Copper deposits.

TWIN BONANZA PROJECT

The Twin Bonanza Project is located in the Tanami Region of the Northern Territory approximately 22 km south of the Tanami Road and 14 kilometres east of the Western Australia / Northern Territory Border.

1. The Buccaneer Porphyry Gold Prospect

The Buccaneer Porphyry Gold Prospect is just one of thirty targets which make up the Twin Bonanza Gold Camp area. This prospect has an inferred resource of 1.67 Million Ounces of Gold (0.2g/t cut-off). The Inferred Resource extends over an area of 600 metres by 400 metres with ore-blocks defined from surface to 390 metres vertical depth and is open in several directions and at depth.

* 363m @ 0.59g/t gold including 202m @ 1.00g/t gold and 39m @ 2.24g/t gold.
* 341 metres grading 0.69g/t gold including 93 metres grading 0.70g/t gold
* 127 metres grading 1.18g/t gold including 67metres grading 2.07g/t gold (0.7g/t cut-off).

2. The Old Pirate High Grade Prospect

The Old Pirate prospect is located 1.8km southwest of the Buccaneer Porphyry Gold Project and contains multiple high grade gold bearing quartz veins over a 3km strike length including 43m grading 7.0g/t gold and 5m grading 274g/t gold. ABM has completed the two phases of drilling at Old Pirate testing the OP Central / South areas. Many of the veins outcrop at surface with coarse visible gold and rock-chip samples >2000g/t.

* 43m @ 7.00g/t gold (0.3g/t cut-off) including 17m @ 16.72g/t gold (0.7g/t cut-off)
* 10m @ 1.3g/t gold (1.0g/t cut-off)
* 5m @ 2.56g/t gold (1.0g/t cut-off)
* 5m @ 274g/t gold (1.0g/t cut-off) including 1m @ 1360g/t (2.0g/t cut-off)

OTHER PROJECTS

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) and 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.

Mine For

Gold, Zinc, Uranium, Lead, Silver, Copper

Location of operation(s)

Western Australia

Address

Level 1 , 141 Broadway
NEDLANDS, WA, AUSTRALIA

Phone

08 9423 9777

Email

Website

http://www.abmresources.com.au

Last Updated

21/04/2011