ABM Resources (ASX: ABU) is unlocking the potential of the Old Pirate prospect with ultrahigh-grade visible gold identified, with the prospect contained within the 1.67 million ounce Twin Bonanza Gold Camp Project.
The visible gold was intersected from widespread quartz veins from reverse circulation drilling at the northern extensions - with assays pending.
ABM Resources did say that the visible gold grains were panned from 4 kilograms of sample from 231 metres, with the field of view around 20 centimetres with gold grains up to 5 millimetres (see picture, this is an actual photo by ABM Resources of the pan).
Exploration at Old Pirate is ongoing, with deep reverse circulation drilling currently testing the northern extensions of the ore-system identified in 2010.
The program comprises eight holes in total.
In other ABM Resources news, assays are also pending from a considerable amount of drilling from other targets at the camp, including the Kroda Gold Project.
The Twin Bonanza Gold Camp is located about 22 kilometres south of the Tanami Road and 14 kilometres east of the Western Australia – Northern Territory border.
The project spans the highly prospective “Trans Tanami Structure” an inferred regional / tectonic geological feature which hosts numerous gold deposits including Newmont Mining’s (NYSE: NEM) multi-million ounce Callie Gold Mine.