- Galena Mining (G1A) has found success with its first-ever hole drilled specifically to target the interpreted copper-gold zone at the Abra Project
- Significant intersections from the hole include three metres at 4.2g/t gold and 1.1 per cent copper from 670.7 metres and two metres at 6.9 per cent copper from 698.1 metres
- It also found more significant lead-silver zones on the way down, including eight metres at 8 per cent lead and 17g/t silver from 406.8 metres
- The drill hole was carried out as part of the Abra Drilling Program, which saw 57 diamond core drill-holes completed across 2020
- The company is now planning a downhole electromagnetic survey in the hole to identify conductive plates nearby
- Shares in Galena Mining have opened steady at 35 cents each
Galena Mining (G1A) has found success with its first-ever hole drilled specifically to target the interpreted copper-gold zone at its Abra Base Metals Project in WA.
The AB195 drill hole was carried out as part of the Abra Drilling Program, which saw 57 diamond core drill-holes completed across 2020.
Significant intersections from AB195 include three metres at 4.2g/t gold and 1.1 per cent copper from 670.7 metres and two metres at 6.9 per cent copper from 698.1 metres.
The hole also found significant lead-silver zones on the way down, including eight metres at 8 per cent lead and 17g/t silver from 406.8 metres and 5.5 metres at 12.1 per cent lead and 12g/t silver from 541.3 metres.
Galena carried out the targeted drilling at AB195 after undertaking a geological and geophysical review in 2020, searching for copper-gold zones, and Managing Director Alex Molyneux said this was the key to finding such success.
“We’re astounded at the success of drill hole AB195 in intersecting significant mineralisation where we interpreted the gold and copper zone to be,” he said.
“We’re planning a follow-up downhole electromagnetic survey to take place in Q2 this year to consider further copper-gold targeted drilling thereafter,” Alex added.
Following today’s drill hole results announcement, shares in Galena Mining have opened steady at 35 cents each at 12:02 pm AEDT.