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Albion Resources (ASX:ALB) - Executive Chairman, Colin Locke
Executive Chairman, Colin Locke
Source: Colin Locke / LinkedIn
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  • 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
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