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Galena Mining expands on Abra's best-ever hole with further high-grade lead-silver results

Around 39 diamond core drill-holes for 17,232 metres of the ongoing drilling program have been completed and the program has been expanded again.

Galena Mining Ltd - Galena Mining expands on previous reported ‘best high-grade lead-silver’ drill hole with second batch of assays at Abra Base Metals Project
The Abra Base Metals Project is in the Gascoyne region of Western Australia

Galena Mining Ltd (ASX:G1A) has received further high-grade lead and silver results from drilling at Abra Base Metals Project which expand on the best-ever hole from last month and provide plenty of strong encouragement from other areas.

The new results come from a second batch of assays and include strong high-grade intersections from three holes.

Around 39 diamond core drill holes for 17,232 metres have been completed with three objectives including to infill the lead-silver ore body, drill selected prospective metal-rich zones for potential life of mine plan optimisation and gold-copper exploration.

The holes completed to date have been targeting the first two objectives, with the plan to address the third objective later in the program.

Fourth drill rig added

Managing director Alex Molyneux said: “We are extremely happy with how Abra is evolving as assays come in.

“To see some of the best cumulative grade and thickness holes that we’ve ever seen coming up around that previously reported ‘best hole ever’, AB147 points increasingly to a growing, shallow, ‘go-to’ spot to optimise the early mine plan.

“We’ve now added seven more holes in that area and a fourth drill rig.”

Further results

Notable results from hole AB155 around the best-ever drill-hole AB147 include:

  • 8.5 metres at 11.1% lead and 47 g/t silver from 280.2 metres;
  • 12.7 metres at 5.1% lead and 18 g/t silver from 300.9 metres;
  • 18.6 metres at 7.9% lead and 11 g/t silver from 352 metres; and
  • 6.2 metres at 7.7% lead and 12 g/t silver from 380.5 metres.

Nearby hole AB158 returned 7.8 metres at 8% lead and 23 g/t silver from 316.4 metres and 9.7 metres at 11.3% lead and 20 g/t silver from 346.5 metres.

The shallow metal-rich zone on the northeastern limb around hole AB147 continues to grow and seven more drill-holes have been added to the program in that area in addition to the seven extra added in October.

Strong results to northwest

Another hole drilled on the northwestern side of Abra, AB151, included 31.2 metres of cumulative significant intersections and returned the best-ever results from that area:

  • 27.4 metres at 16.3% lead and 73 g/t silver from 334.5 metres, including 5.2 metres at 24.8% lead and 157 g/t silver from 337.3 metres; and
  • 3.8 metres at 13.8% lead and 24 g/t silver from 368.5 metres.

This hole highlights that Abra’s mineralisation remains open to the northwest.

Strong assays were received from a hole drilled outside the margin of the previously planned first year of mining and on the eastern margin of the north-western limb of Abra’s indicated resource.

AB157 returned 5.4 metres at 13.9% lead and 24 g/t silver from 283.5 metres and 12.4 metres at 10.7% lead and 16 g/t silver from 301.1 metres.

Met or exceeded expectations

Galena is encouraged that on average drill-holes have met or exceeded expectations for their specific locations.

A fourth drill-rig has been added to accelerate the program.

Owned 77.28% by Galena, Abra is a globally significant lead-silver project in the Gascoyne region of Western Australia between Newman and Meekatharra, and about 110 kilometres from Sandfire Resources Ltd's (ASX:SFR) DeGrussa Project.

Quick facts: Galena Mining Ltd

Price: 0.35 AUD

Market: ASX
Market Cap: $162 m

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