Galena Mining Confirms Mineralisation Outside Existing Resource

THE DRILL SERGEANT: Galena Mining (ASX: G1A) released further high-grade lead and silver intersections from four holes drilled as part of a 2018 Infill and Resource development program at the company’s Abra lead project in Western Australia.

Galena Mining said the results from holes AB95 to AB98 confirm high-grade mineralisation 150 metres outside of the Resource it released in March this year and remains open.

Of the new holes, AB95 was drilled as an infill hole within the envelope of the current Mineral Resource and returned results that met the company’s expectations.

Drill-holes AB96, AB97 and AB98 were drilled to test for shallow north western extensions to the Apron Zone outside of the March 2018 Resource.

All three drill-holes intersected high-grade lead mineralisation, including:

AB96
16.2 metres at 9.2 per cent lead and 44 grams per tonne silver, including 4.5m at 15.1 per cent lead, 44g/t silver and 0.9 per cent copper and 6m at 14.5 per cent lead and 28g/t silver;

AB97
6m at 11.8 per cent lead and 19g/t silver; and

AB98
4.6m at 5.9 per cent lead and 19g/t silver.

Galena said the results demonstrated the mineralisation is gently dipping so has interpreted intersection widths to be estimates of true widths.

“These results are very exciting because they confirm high-grade mineralisation extends 150 metres beyond the existing Resource model mineralised area,” Galena Mining managing director Alex Molyneux said in the company’s announcement to the Australian Securities Exchange.

“This bodes well for achieving our Resource development ambitions when we come to publish an updated Mineral Resource estimate.”

Galena has now completed twenty drill-holes (AB82 to AB101) as part of its 2018 Resource Infill and Development drilling program with assays for holes AB99 to AB101 pending.

The company outlined the 2018 Resource Infill and Development drilling program has two aims: (i) to infill areas of existing Inferred Resources with the aim to upgrade the volume Indicated Resources as part of the Pre-Feasibility Study work; and (ii) to test for extensions to the high-grade mineralisation with the aim to upgrade the overall Resource.

 

Website: www.galenamining.com.au