Galena Mining Drills High-Grade MRE Follow-Up Results

THE DRILL SERGEANT: Galena Mining (ASX: G1A) reported results from recent drilling undertaken at the company’s 60 per cent-owned Abra base metals mine in the Gascoyne region of Western Australia.

Galena Mining explained the result had just missed out on inclusion of a recently released Mineral Resource Estimate (MRE) of 33.4 million tonnes at 7.1 per cent lead and 17 grams per tonne silver (5% Pb cut-off grade).

The total MRE includes:
Measured 0.3 million tonnes at 7.3 per cent lead and 32g/t silver;
Indicated 16.2 million tonnes at 7.3 per cent lead and 19g/t silver; and
Inferred 16.9 million tonnes at 6.9 per cent lead and 15g/t silver.

Latest drilling results include:
18.9m at 17.1 per cent lead and 30g/t silver;
38.3m at 12.1 per cent lead and 15.4g/t silver;
26.4m at 11.9 per cent lead and 28.6 g/t silver;
35.7m at 11.7 per cent lead and 53.4g/t silver;
10.4m at 11.4 per cent lead 29.9g/t silver; and
38.9m at 10 per cent lead and 40.9g/t silver.

“These strong results complement our mine plans over the next 12 months,” Galena Mining managing director Tony James said in the company’s ASX announcement.

“Geologically they show the importance of the interface between the Core and Apron zones and the potential extension of the deposit to the Northeast.

“As mining progresses in these areas on multiple fronts and levels, it will generate enormous opportunity for us as we continue improving our production profile.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE