- Galena Mining Ltd has revealed the first set of assay drilling at its Abra Base Metals Project in WA, confirming and extending mineralisation in the Apron Zone section of Abra
- A total of 17 holes have now been drilled for 7164 metres out of a planned 16,000 metres as part of a 2019 Project Development Drilling Program
- Galena is on track to complete a Definitive Feasibility Study for the Abra Project in
Galena Mining Ltd has revealed the first set of assay results returned from a research development and pre-production drilling program at its Abra Base Metals Project in Western Australia.
Drilling intersected several areas of high-grade lead and silver mineralisation, which have confirmed and extended mineralisation in the Apron Zone section of Abra.
Galena Managing Director Alex Molyneux said the company is planning more drilling following the promising results.
“These results confirm high-grade mineralisation in the shallower northwestern section of the Apron Zone. This has the potential to add additional value into the early years of the project after completion of the Mineral Resource and Reserve estimation process,” Alex said.
“We are planning to follow up drilling to test further to the west as mineralisation remains open in that direction,” he said.
Galena has now drilled 17 holes for 7,164 metres as part of a 2019 Project Development Drilling Program. A total of 16,000 metres is planned to be drilled in the project, and the company says the drilling results have already exceeded expectation in terms of the width and grade of mineralisation.
Galena is also on track to complete a Definitive Feasibility Study for the Abra Project in mid-2019, following the results of an “outstanding” Pre-Feasibility Study of the project area.
The Abra Base Metals Project is wholly owned by Galena mining and is home to a high-grade lead-silver project and additional copper-gold mineralisation. The Abra Project is located between the towns of Newman and Meekatharra in Western Australia.
Galena shares increased by a small 1.3 per cent today, trading at 39 cents a piece. Galena has a market cap of $142.16 million.