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ABM Resources Announces Buccaneer Higher Grade Zones Establish Growth Pathway

05 Feb 2013  |  10:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Buccaneer Higher Grade Zones Establish Growth Pathway

ABM Resources announced a resource update on the Buccaneer Gold Project located adjacent to the Company's high-grade Old Pirate Gold Deposit in the NT. This resource update has been focussed on the higher grade zones (Buccaneer HGZ) within the global 2012 Buccaneer resource model. The Buccaneer HGZ Resource at 2g/t cut-off is at a total of 5.83Mt @ 3.61 g/t Au top-cut, and 4.41 g/t Au uncut. Buccaneer HGZ Resource for main Buccaneer area includes mineralisation: ~650m by 550m footprint with up to 100m wide true-width mineralised zones. Mineralisation from surface to depths of 400m. The Company also reported 70% of the Buccaneer Porphyry remains to be tested with drilling.

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