Step out drilling by ABM Resources (ASX:ABU) at the Buccaneer Porphyry Gold Prospect has intersected widespread gold mineralisation.
Results are from a further 8 holes at Buccaneer, which is part of the multi-prospect Twin Bonanza Project area in the Northern Territory.
Hole BCRC100029 returned 112 metres grading 0.51g/t gold including:
- 64m at 0.81g/t gold including;
- 56m at 0.89g/t gold including;
- 41m at 1.12g/t gold.
Hole BCRC100028 returned 259 metres grading 0.35g/t gold including:
- 198 metres grading 0.41g/t gold including;
- 13m grading 2.07g/t gold.
Geochemical footprinting at Buccaneer has also revealed additional extensional targets to Twin Bonanza and provides evidence towards a potentially heap-leachable deposit.
The 8 step-out drill holes continue to expand ABM's drilled footprint of a substantial system which remains open in several directions.
The Buccaneer Porphyry body constitutes a 3 kilometre by 1.6 kilometre gold anomaly defined by shallow RAB drilling. In 2010 ABM tested less than 15% of the overall body area.
The company is targeting further extensions for the next drill program.
Assay results from 5 holes at the Buccaneer Porphyry Gold Prospect and 14 holes at the Hyperion Project, located 15 kilometres north of Tanami Gold's (ASX: TAM)Groundrush Mine, are still being awaited.
The Buccaneer Gold Porphyry Prospect is a companion project to the near-by Old Pirate High Grade Gold Prospect where the company recently reported results including 5m grading 274g/t gold and 35m grading 6.35g/t gold.