Total
0
Shares
Albion Resources (ASX:ALB) - Executive Chairman, Colin Locke
Executive Chairman, Colin Locke
Source: Colin Locke / LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Albion Resources (ALB) intersects shallow zinc-lead mineralisation at the Pillara East target in Western Australia
  • The mineralisation was interscted under Albion’s maiden diamond drilling program that was undertaken to confirm and intersect the mineralisation intersected in previous drilling
  • Of the eight holes drilled, all intersected lead and zinc with grades peaking at 10 per cent zinc and 60 per cent lead
  • The mineralised system remains open in all directions and diamond drilling is continuing and moving along strike from the mineralisation
  • Albion is up 6.25 per cent on the market with shares trading at 25.5 cents

Albion Resources (ALB) has intersected shallow zinc-lead mineralisation at the Pillara East target in Western Australia.

The Pilbara East target is part of Albion’s Lennard Shelf Zinc-Lead Project, which covers a total area of 393 square kilometres and comprises five granted exploration licences and one exploration licence application.

This mineralisation was intersected under Albion’s maiden diamond drilling program that began in mid-October.

This drilling program was undertaken to confirm and intersect the mineralisation intersected in previous drilling programs.

Of the eight diamond holes drilled, all intersected lead and zinc, confirming and extending the mineralisation beyond the original intercept.

Overall, grades peaked at five per cent marcasite, 10 per cent sphalerite (zinc) and 60 per cent galena (lead).

The mineralised system remains open in all directions, and diamond drilling is continuing and moving along strike from the mineralisation.

Albion was up 6.25 per cent on the market, with shares trading at 25.5 cents at 12:26 pm AEDT.

ALB by the numbers
More From The Market Herald
Tesoro Resources (ASX:TSO) - Managing Director, Zeff Reeves

" Tesoro Resources (ASX:TSO) extends Ternera by 400 metres

Tesoro Resources (TSO) has extended its Ternera deposit by 400 metres following step out drilling at the El Zorro Gold Project in Chile.
CodaElizabethCreek

" Coda Minerals (ASX:COD) further extends Emmie Bluff Deeps mineralisation

Coda Minerals (COD) is trading higher today after releasing another round of positive drilling results from its Elizabeth Creek project in South Australia.

" GTI Resources (ASX:GTR) shares spike on Wyoming drilling

Uranium miner GTI Resources (GTR) has spiked in early trade after reporting “very encouraging” early results from a drilling program at its Thor
MoneyMe (ASX:MME) - CEO, Clayton Howes

" MoneyMe’s (ASX:MME) car finance product tops $100m originations

MoneyMe (MME) has released an update on its performance during Q2 FY22, revealing its vehicle finance product has topped $100 million in originations.