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Additional Information
Market: ASX
Sector: General Mining
Epic: ABU
News: Latest news
Web Site: ABM Resources
Other Articles: 31-08-201019-08-201027-07-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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ABM Resources

ABM Resources

ABM Resources Ltd (ASX: ABU) brings a dynamic new approach to discovering Tier 1 Gold and Gold-Copper deposits in the Tanami-Arunta region of the Northern Territory. They are using an aggressive exploration strategy that uses technology based targeting combined with solid prospecting and fieldwork. The innovative ABM executive management have a diverse range of experience and have a proven record of world class discoveries. Their projects include the compelling Twin Bonanza Project – a cluster of high grade and bulk tonnage targets. These projects combined with their remaining world-class portfolio – the largest in Australia for junior gold exploration makes for a very compelling story with a high chance of significant discovery.

CLICK HERE FOR FULL ANALYSIS OF ABM RESOURCES
Monday, July 26, 2010

ABM Resources buys remaining 15% of Barrow Creek Regional Gold Project

by Jeff Coote company news image

ABM Resources (ASX: ABU) has purchased the remaining 15% of the Barrow Creek/Lander River Joint Ventures in the Northern Territory, constituting the Barrow Creek Regional Project, from Yuendumu Mining Company NL for an all cash consideration of $225,000.

ABM had previously purchased an 85% interest in the project from Newmont Asia Pacific on January 28th, 2010.
The Barrow Creek Project extends from the Stuart Highway just north of the Barrow Creek town site to the west for 180 kilometres. The area is approximately 200 kilometres south of the regional mining centre of Tennant Creek.

The Project area consists of a regional westnorthwest–eastsoutheast striking gravity anomaly known as the Willowra Gravity Ridge which  is interpreted to be a major deep seated geological feature and a tectonic conduit for gold mineralisation.

There are several extensive gold anomalies at surface on Barrow Creek which includes the Kroda Gold Project, located 18 kilometres northwest of the Stuart Highway.

The project consists of 4 individual prospects (Kroda 1 to 4) with a combined anomalous strike length of 14 kilometres. Kroda 3 is the most advanced of the 4 prospects and contains a surface anomaly of gold extending over an area of 540 metres by 300 metres.

Historic drill results on the Kroda 3 Prospect include 27m @ 6.42g/t gold (0.3g/t cut-off) ending in mineralisation and including 6m @ 25.90g/t gold (1.0g/t cut-off) ending in mineralisation.

The transaction with Newmont in January secured 4700 square kilometres of exploration licenses and confirmed ABM as holding the largest ground position in the prospective and underexplored Tanami-Arunta region in the Northern Territory, with multiple “discovery stage” and advanced gold prospects.

In summary, the company holds eight “discovery stage” prospects where drilling on more than one drill section revealed exceptional results with a considerable surface or regolith anomaly indicating potentially large gold targets.

On July 12, 2010, ABM released the latest assay results for the first hole at the Old Pirate Prospect on the Twin Bonanza Project area, that confirmed high grade gold mineralisation.

Twin Bonanza is located in the Tanami region, approximately 22 kilometres south of the Tanami Road and 14 kilometres east of the Western Australia border.

ABM shares rose 7% to 2 cents in trading today.

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