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ABM Resources to infill broad gold strikes in new drilling at Hyperion Gold Project

ABM Resources (ASX: ABU) will follow-up broad gold intersections such as 60 metres averaging 2.57 grams per tonne (g/t) gold in a new drilling campaign at the Hyperion Gold Project.

The reverse circulation program will cover 20 holes for around 3500 metres, and will also target extensions to the known mineralisation at the Hyperion Central and Hyperion South prospects.

Hyperion is wholly owned by ABM Resources and consists of a 2 kilometre by 500 metre gold anomaly defined by over 300 shallow rotary air blast holes to around 50 metres in depth.

Other exploration already undertaken at the project includes 85 reverse circulation holes and four diamond holes to an average depth of 125 metres and a maximum depth of 198 metres by previous explorers.

Gold mineralisation at Hyperion is principally hosted in structurally controlled quartzcarbonate veins associated with granite dykes and dolerite within a sedimentary rock sequence.


Update from Twin Bonanza - major news flow pending

In other ABM Resources news, the company updated the market on operations at the Twin Bonanza Gold Camp Project, where around 30,000 metres of drilling has been completed during 2011.

At Buccaneer 9,358 metres of drilling from 32 holes are pending assay. At Old Pirate 1,928 metres of drilling and 1,125 metres of trench / vein samples are pending, along with the Gold Prospect which has 918 samples in the pipeline to announce.

At Lake Mackay, assays are pending from 16 reverse circulation holes for 4,279 metres.

Darren Holden, managing director, commented on the exploration and said, "The drilling and trench sampling across our multiple discoveries has progressed at great pace this year.

"Back-logs at the laboratory are being processed and a cumulative ~20,000 samples are pending assay and interpretation over the coming weeks and months. The aim of all current drill programs is to add ounces to our resource inventory from the multiple discoveries made this year.”