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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Black Mountain Resources Ltd. | LSE:BMZ | London | Ordinary Share | AU000000BMZ3 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
Hot Features
Premium
18 September 2014
Manager of Company Announcements
Australian Securities Exchange
Level 6, 20 Bridge Street
Sydney NSW 2000
By E-Lodgement
Further Significant Channel Sampling Results at New Departure Silver Mine,
Montana
Black Mountain Resources Limited (ASX | AIM: BMZ), the silver focused
development company with interests in the US, is pleased to announce that
further high grade silver (`Ag') results have been returned from channel
sampling at its New Departure Silver Mine in Montana.
A full pdf version of this announcement including images is available from the
company's website at www.blackmountainresources.com.au.
Highlights
* Second round sampling results surpass expectations with Ag 90 oz/t (2,550 g
/t) plus over 0.5-2m channels (see highlights in table 1 and full results)
* Key samples confirm proposed run of mine grade and key production
assumptions
* Grades confirm earlier high grade sampling programmes and extend the Main
Zone silver mineralisation
* Hard Rock Consulting (`HRC') has taken historical sample data and recent
underground sample results to construct a model of the silver vein
mineralisation (see Fig 1) to confirm the historical resource estimates and
update the mine plan for New Departure
* HRC is also incorporating zinc and lead as saleable products from the New
Departure Mine
* Results highlight that the Blue Dot level has the largest potential for
hosting a mineral resource in the downward and northwest plunging remainder
of the ore body as well as confirming existing historical results
* A third and final round of underground sampling and drilling is planned in
September to expand high grade zones in historical workings and a drill
possible extension zones in the Blue Dot level Main Zone
Black Mountain Chairman, Pete Landau, said:
"These high grade sampling results once again confirm the quality of this
silver asset, which will be the first of our three assets to be brought into
production upon completion of financing. We believe that this will be
forthcoming in the near term and accordingly, HRC is constructing a model of
the silver vein mineralisation to confirm the historical resource estimates and
to develop a preliminary mine plan for New Departure. Notably, these grades of
up to 90 oz/t of silver confirm the proposed run of mine grade and key
production assumptions, which holds us in good stead as we continue to tread
the path towards transforming Black Mountain into a low cost, high grade silver
producer in the near-term."
Sampling Process
28 samples were delivered to Osborn, Idaho for sample preparation and assay by
American Labs. All samples were taken from the Blue Dot Level at New Departure.
A Thermo Scientific Niton XL3 XRF instrument was used extensively to check for
zinc grade in the Blue Dot Level. This instrument will be used in future
sampling and drilling programmes to validate high zinc zones.
Highlights of the sample results are listed below. Note that silver results are
given in ounces per ton and length in centimetres. Full details of the sampling
results are provided in Annexure A.
Area Sample Ag Ag gpt Cu % Pb % Zn % Type Sample Orientation
# Opt length
(cm)
Blue Dot 14627 80.90 2,293.47 0.46 3.51 4.15 Channel 45.7 Vertical
Level
Blue Dot 14628 98.20 2,783.92 0.53 3.9 12 Channel 30.5 Vertical
Level
Blue Dot 14637 11.60 328.85 0.03 0.75 0.28 Channel 45.7 Vertical
Level
Blue Dot 14639 54.10 1,533.71 0.21 1.63 2.3 Channel 30.48 Vertical
Level
Blue Dot 14648 51.10 1,448.66 0.3 0.89 1.16 Channel 30.48 Vertical
Level
Blue Dot 14649 25.50 722.91 0.11 0.5 0.98 Channel 10.16 Vertical
Level
Blue Dot 14799 62.70 1,777.51 0.31 2.18 5.7 Channel 15.24 Horizontal
Level
Table 1 - Highlight of Sample Results (refer to Annexure A for full results)
These samples continue to confirm the high grade nature of the New Departure
silver mineralisation (see map below). The map below also shows the silver vein
mineralization confirming the historical resource estimates and develops a
preliminary mine plan for New Departure.
Figure 1: New Departure Mine - September 2014 Sample Results & Proposed
Resource Areas
Following the proposed third and final round of underground sampling and
drilling this month to expand high grade zones in historical workings and a
drill possible extension zones in the Blue Dot level Main Zone, the Company
will move into production when appropriate financing has been sourced.
For and on behalf of the Board
Peter Landau
Executive Director
For further information please visit www.blackmountainresources.com.au or
contact:
Black Mountain Resources Limited Nominated Advisor
Peter Landau RFC Ambrian Limited
Executive Director Oliver Morse and Trinity McIntyre
T: +61 (8) 9488 5220 T: +61 (8) 9480 2500
Media (Australia) Media (UK)
PPR St Brides Media & Finance Limited
David Tasker Elisabeth Cowell
T: +61 (8) 9388 0944 T: +44 (0) 207 236 1177
Joint Broker (UK) Joint Broker (UK)
Westhouse Securities Limited Hume Capital Securities plc
Martin Davison Jon Belliss
T: +44 (0) 207 601 6100 T: +44 (0) 203 693 1493
About Black Mountain Resources Limited
Black Mountain Resources Limited is a dual listed (ASX | AIM: BMZ) silver and
gold focused development company focussed on the advancement of three highly
prospective previously operating assets located in two of the world's most
developed and proven silver and gold mining regions of Idaho and Montana, USA.
The Company holds a 70% interest in the New Departure Silver Project, the
Conjecture Silver Project and the Tabor Gold and Silver Project pursuant to 45
year leases from Chester Mining Company, Lucky Friday Extension Mining Company
and Brush Prairie Minerals respectively. Black Mountain plans to implement low
cost production and development programmes across all three assets. It is also
implementing exploration programmes to capitalise on the exploration upside
potential apparent across its portfolio.
Black Mountain Resources Limited was incorporated on 29 October 2010 and is
listed on the Australian Securities Exchange (ASX) and London's AIM Market -
trading codes BMZ and BMZO.
Competent Persons Statement
The information included in this release that relates to historical mining data
and exploration results is based on information compiled by Mr James Baughman,
a technical consultant to the Company. Mr Baughman is a qualified geologist and
a professional member (SME Registered Member) of the Society of Mining,
Metallurgy and Exploration. Mr Baughman has sufficient experience in
exploration and mine development which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the `Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Mr Baughman has reviewed this release and consents
to the inclusion in the release of the matters based on his information in the
form and context in which it appears.
Forward Looking Statement
Certain statements made during or in connection with this communication,
including, without limitation, those concerning the economic outlook for the
silver market, expectations regarding silver ore prices, production, cash costs
and other operating results growth prospects and the outlook of the Company's
operations including the likely commencement of commercial operations of the
New Departure and Conjecture Silver Projects, its liquidity and the capital
resources and expenditure, contain or comprise certain forward-looking
statements regarding the Company's development and exploration operations
economic performance and financial condition. Although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to have
been correct. Accordingly, results could differ materially from those set out
in the forward-looking statements as a result of, among other factors, changes
in economic and market conditions, success of business and operating
initiatives, changes in the regulatory environment and other government
actions, fluctuations in silver ore prices and exchange rates and business and
operational risk management. For a discussion of such factors refer to the
Company's most recent annual report and half year report. The Company
undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after today's
date or to reflect the occurrence of unanticipated events.
Annexure A: Sampling Process - New Departure Mine
Area Sample Ag Cu % Pb % Zn % X_NAD83Z12 Y_NAD83Z12 Sample Type Sample Orientation Description
# Opt Date length
(cm)
Blue 14624 0.911 0.01 0.1 0.079 348844.51408806 5006831.51779753 4/09/ Channel 91.44 Vertical 35' W of
Dot 2014 14521 - S
Level Rib
Blue 14625 1.56 0.01 0.42 0.040 348849.206663466 5006834.64618114 4/09/ Channel 91.44 Vertical 20' W of
Dot 2014 14521 - S
Level Rib
Blue 14626 0.142 0.01 0.1 0.07 348852.73870947 5006837.21952894 4/09/ Channel 91.44 Vertical 10' W of
Dot 2014 14521 - S
Level Rib
Blue 14627 80.9 0.462 3.51 4.15 348901.607500121 5006748.62323206 4/09/ Channel 45.7 Vertical 6' S of
Dot 2014 14503
Level
Blue 14628 98.2 0.531 3.9 12 348903.33388885 5006747.91698212 4/09/ Channel 30.5 Vertical 8' S of
Dot 2014 14503
Level
Blue 14629 1.01 0.01 0.1 0.104 348812.161682014 5006882.23726949 4/09/ Channel 45.7 Vertical W Rib
Dot 2014
Level
Blue 14630 0.313 0.01 0.1 0.137 348812.288806361 5006900.75504931 4/09/ Channel 30.5 Vertical E Rib
Dot 2014
Level
Blue 14631 2.15 0.014 0.136 0.1 348803.390102096 5006912.83186224 4/09/ Channel 15.2 Vertical W Rib - 1
Dot 2014 of 3
Level samples
Blue 14632 1.12 0.01 0.824 1.48 348803.120497312 5006913.13304953 4/09/ Channel 10.2 Vertical W Rib - 2
Dot 2014 of 3
Level samples
Blue 14633 0.1 0.01 0.1 0.184 348802.926003301 5006913.47881666 4/09/ Channel 20.3 Vertical W Rib - 3
Dot 2014 of 3
Level samples
Blue 14634 5.45 0.061 0.442 0.806 348801.391661658 5006915.22926276 4/09/ Channel 60.96 Vertical W rib
Dot 2014
Level
Blue 14635 9.26 0.044 0.696 0.753 348800.228566865 5006916.55701907 4/09/ Channel 45.72 Vertical W rib - 4'
Dot 2014 N of 14634
Level
Blue 14637 11.6 0.029 0.747 0.283 348824.133013155 5006871.16263762 4/09/ Channel 45.7 Vertical E rib near
Dot 2014 Stinker
Level Incline
Blue 14636 3.68 0.01 2.04 1.33 348826.209238958 5006869.89613988 4/09/ Channel 45.7 Vertical E rib near
Dot 2014 Stinker
Level Incline
Blue 14638 1.94 0.01 0.74 1.5 348822.1813609 5006872.63675794 4/09/ Channel 60.96 Vertical E rib near
Dot 2014 Stinker
Level Incline
Blue 14639 54.1 0.21 1.63 2.3 348866.548752707 5006812.7108609 4/09/ Channel 30.48 Vertical Resample
Dot 2014 14516
Level
Blue 14640 0.791 0.01 0.1 0.082 348881.024203409 5006780.03960387 4/09/ Channel 91.44 Vertical Resample
Dot 2014 14506 W rib
Level
Blue 14641 0.1 0.01 0.1 0.011 348882.206320888 5006778.73434916 4/09/ Channel 60.96 Vertical Between
Dot 2014 14505/14506
Level
Blue 14642 0.1 0.01 0.1 0.020 348885.407889061 5006778.41419234 4/09/ Channel 30.48 Vertical E rib
Dot 2014 across from
Level 14505
Blue 14643 0.1 0.01 0.1 0.038 348883.06828155 5006777.45372189 4/09/ Channel 91.44 Vertical Resample
Dot 2014 14505
Level
Blue 14644 0.1 0.01 0.1 0.062 348879.275654638 5006773.98125179 4/09/ Channel 30.48 Vertical N Rib 202XC
Dot 2014
Level
Blue 14645 0.1 0.01 0.1 0.047 348888.764274968 5006775.99361813 4/09/ Channel 91.44 Vertical E rib
Dot 2014
Level
Blue 14646 0.1 0.01 0.1 0.057 348891.147166818 5006766.48944029 4/09/ Channel 91.44 Vertical W rib
Dot 2014
Level
Blue 14647 0.1 0.01 0.1 0.016 348892.324917963 5006762.13450001 4/09/ Channel 60.96 Vertical W rib
Dot 2014
Level
Blue 14648 51.1 0.295 0.887 1.16 348896.570299994 5006758.13562404 4/09/ Channel 30.48 Vertical Chasing Ag
Dot 2014 in 14503 -
Level N Rib
Blue 14649 25.5 0.106 0.503 0.975 348898.462415835 5006755.60159715 4/09/ Channel 10.16 Vertical Chasing Ag
Dot 2014 in 14503 -
Level N Rib
Blue 14650 1.79 0.013 0.138 0.23 348892.546414002 5006755.02643031 4/09/ Channel 15.24 Vertical W rib near
Dot 2014 incline
Level
Blue 14799 62.7 0.306 2.18 5.7 348905.090529 5006744.56387151 4/09/ Channel 15.24 Horizontal Back near
Dot 2014 pillar
Level
Appendix B - JORC 2012 edition Table 1, Sections 1-2
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling * Nature and quality * Channel samples were cut chip samples
techniques of sampling (eg collected from zones of known and
cut channels, possible silver mineralization based upon
random chips, or prior sample results (2013) and
specific historical assays and maps.
specialised
industry standard * Channel samples are vertical, horizontal
measurement tools or perpendicular to the mineralized beds.
appropriate to the
minerals under
investigation,
such as down hole
gamma sondes, or
handheld XRF
instruments, etc).
These examples
should not be
taken as limiting
the broad meaning
of sampling.
* Include * Rock samples
reference to vary in size,
measures taken they are
to ensure shipped to an
sample independent
representivity laboratory
and the where sample
appropriate is crushed and
calibration of homogenized
any from which
measurement 250g is
tools or pulverised to
systems used. produce a 50g
charge for
gold analysis
by Fire Assay
with AA finish
and a 30g
charge for a
two acid
digest and
ICP-AES
finish.
* Aspects of the * All samples
determination were shipped
of for analysis
mineralisation to ALS
that are Minerals, an
Material to independent
the Public laboratory
Report. In who crushes
cases where the entire
`industry sample to
standard' work passing 2mm,
has been done then splits a
this would be 250g sample
relatively and
simple (eg pulverises to
`reverse 95% passing a
circulation 150 mesh to
drilling was prepare a 50g
used to obtain charge for
1 m samples multi-element
from which 3 analysis by
kg was aqua regia
pulverised to digest.
produce a 30 g
charge for
fire assay').
In other cases
more
explanation
may be
required, such
as where there
is coarse gold
that has
inherent
sampling
problems.
Unusual
commodities or
mineralisation
types (eg
submarine
nodules) may
warrant
disclosure of
detailed
information.
Drilling * Drill type (eg * Not
techniques core, reverse Applicable as
circulation, no drilling
open-hole was
hammer, rotary undertaken as
air blast, part of the
auger, Bangka, channel
sonic, etc) sampling
and details
(eg core
diameter,
triple or
standard tube,
depth of
diamond tails,
face-sampling
bit or other
type, whether
core is
oriented and
if so, by what
method, etc).
Drill sample * Method of * Not
recovery recording and Applicable as
assessing core no drilling
and chip was
sample undertaken as
recoveries and part of the
results channel
assessed. sampling
* Measures taken * Not Applicable as no drilling
to maximise was undertaken as part of the
sample channel sampling
recovery and
ensure
representative
nature of the
samples.
Logging
* Whether a * Not Applicable as no drilling
relationship was undertaken as part of the
exists channel sampling
between
sample
recovery and
grade and
whether
sample bias
may have
occurred due
to
preferential
loss/gain of
fine/coarse
material.
* Whether core * Not Applicable as no logging
and chip was undertaken as part of the
samples have channel sampling
been
geologically
and
geotechnically
logged to a
level of
detail to
support
appropriate
Mineral
Resource
estimation,
mining studies
and
metallurgical
studies.
* Whether * Not Applicable as no logging
logging is was undertaken as part of the
qualitative channel sampling
or
quantitative
in nature.
Core (or
costean,
channel, etc)
photography.
Sub-sampling techniques and sample preparation
* The total * Not Applicable as no logging
length and was undertaken as part of the
percentage of channel sampling
the relevant
intersections
logged.
* If core, * Not Applicable as no
whether cut sub-sampling techniques were
or sawn and used as part of the channel
whether sampling
quarter, half
or all core
taken.
* If non-core, * Not Applicable as no
whether sub-sampling techniques were
riffled, tube used as part of the channel
sampled, sampling
rotary split,
etc and
whether
sampled wet
or dry.
* For all sample * Not Applicable as no
types, the sub-sampling techniques were
nature, quality used as part of the channel
and sampling
appropriateness
of the sample
preparation
technique.
* Quality * Not Applicable as no
control sub-sampling techniques were
procedures used as part of the channel
adopted for sampling
all
sub-sampling
stages to
maximise
representivity
of samples.
* Measures taken Not Applicable as no sub-sampling
to ensure that techniques were used as part of
the sampling the channel sampling
is
representative
of the in situ
material
collected,
including for
instance
results for
field
duplicate/
second-half
sampling.
Quality of assay data and laboratory tests
* Whether * Not Applicable as no
sample sizes sub-sampling techniques were
are used as part of the channel
appropriate sampling
to the grain
size of the
material
being
sampled.
* The nature, * Channel samples averaged 2
quality and kilograms in weight and were
appropriateness shipped to ALS Minerals in
of the assaying Elko, Nevada, an independent
and laboratory laboratory where the sample
procedures used was crushed and homogenized
and whether the from which 250 g is pulverized
technique is to produce a 0.5 g charge for
considered silver analysis by aqua regia
partial or digestion then analysis by ICP
total. AES. Over limit results (>100
g) were made on a 0.5g charge
with an aqua regia digestion
and run by ICP AES. Over limit
above 1500g were made by
graverimetic fire assay with a
3g charge for fire assay with
a gravermetric finish. One
sample was above 10,000 g and
was assayed by the concentrate
method - 3g charge for a fire
assay with a gravermetric
finish. Assay work was
performed in Reno, Nevada &
Vancouver, BC.
* ALS Minerals QA/QC report on
assay work included a number
of standards at various
grades, duplicates results of
assays and blank assays in the
production of the assay report
* For * Not Applicable as no
geophysical geophysical methods or
tools, handheld XRFs were used as
spectrometers, part of the channel sampling
handheld XRF
instruments,
etc, the
parameters
used in
determining
the analysis
including
instrument
make and
model, reading
times,
calibrations
factors
applied and
their
derivation,
etc.
Verification of sampling and assaying
* Nature of * ALS Minerals inserted standards
quality (high and low range values),
control blanks, and duplicates with
procedures internal laboratory checks. The
adopted (eg levels of accuracy and
standards, precision were within
blanks, acceptable levels.
duplicates,
external
laboratory
checks) and
whether
acceptable
levels of
accuracy (ie
lack of bias)
and precision
have been
established.
* The * Significant silver assays were
verification checked by ALS Minerals
of internal QA/QC control. The
significant significant silver
intersections intersections were verified by
by either the independent QP for the
independent Company.
or
alternative
company
personnel.
* The use of * Not Applicable as no twinned
twinned holes were completed as part of
holes. the channel sampling
* Documentation * All sample and geologic data
of primary was collected on paper forms
data, data designed by the Company and
entry completed at the logging site.
procedures, Scribed data was hand entered
data into digital spreadsheets by
verification, the project geologist.
data storage
(physical and * All sample sites were
electronic) photographed that included the
protocols. sample number, orientation, and
length
Location of data points
* Discuss any * No adjustment to assay data
adjustment to relevant to reported
assay data. exploration results.
* With regards to reporting of
exploration results, no
adjustment is made to original
assay results were a pulp/lab
duplicate is presented by the
lab.
* Where the lab has reported an
over limit value for silver,
additional assay work was
undertaken to derive an assay.
* Accuracy and * Sample points were located in
quality of relation to existing
surveys used underground mapping, existing
to locate sample points, and existing
drill holes underground survey markers.
(collar and
down-hole * Sample points were transferred
surveys), to a GIS program and UTM
trenches, coordinates and elevations were
mine workings assigned to each sample point.
and other
locations
used in
Mineral
Resource
estimation.
* Specification * Map Datum used is UTMNAD83 Zone
of the grid 12 to locate and report sample
system used. results. Underground workings
are mapped on a local mine grid
in State Plane coordinates.
Data spacing and distribution
* Quality and * Topography for the project area
adequacy of is available.
topographic
control
* Data spacing * Sample spacing was determined
for reporting based upon existing data in the
of form of prior sample results
Exploration and historical reference to
Results. silver mineralization. The goal
of the sample program was to
cover mineralized rock with
evenly spaced samples and to
follow up prior sample sites
(2013).
* Whether the * Reported exploration results
data spacing are not defining any mineral
and resource estimations.
distribution is
sufficient to
establish the
degree of
geological and
grade
continuity
appropriate for
the Mineral
Resource and
Ore Reserve
estimation
procedure(s)
and
classifications
applied.
Orientation of data in relation to geological structure
* Whether * No Sample compositing has been
sample applied to reported exploration
compositing results
has been
applied.
* Whether the * With regards to reported
orientation channel sampling, channels were
of sampling oriented perpendicular,
achieves vertical, and horizontal to
unbiased targeted mineralisation to
sampling of obtain unbiased sampling at
possible various intervals.
structures
and the
extent to
which this is
known,
considering
the deposit
type.
* If the * No sampling
relationship bias
between the determined
drilling in
orientation relationship
and the in reported
orientation exploration
of key results
mineralised
structures
is
considered
to have
introduced a
sampling
bias, this
should be
assessed and
reported if
material.
Sample security * The measures * Chain of
taken to custody is
ensure managed by
sample the
security. Company's
project
geologists
managing
sampling
activities.
Samples are
transported
from the
sample site
by company
vehicle to a
secure site
where
samples held
until
dispatch by
freight.
Audits or * The results * For surface
reviews of any geochemistry
audits or surveys, No
reviews of audits or
sampling reviews of
techniques reported
and data. exploration
results have
been
completed.
* All (Quality
Assurance &
Quality
Control)
QAQC data is
reviewed in
an ongoing
basis and
reported
internally
in summary
reports with
the
completion
of each
sample
campaign.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral * Type, reference * Black Mt has acquired a 70% interest in
tenement name/number, ABM Mining Corporation which holds the
and land location and properties that are subject to this
tenure ownership including report. The New Departure Mine Property
status agreements or is located at UTM coordinates 349046.3
material issues E., 5006679.0 N., Zone 12 N. WGS 84. The
with third parties ND Property is on the United States
such as joint Geologic Survey (USGS) Bannack Quadrangle
ventures, Montana, Beaverhead County 7.5 minute
partnerships, series topographical map. The ND property
overriding is approximately 95 km southwest of
royalties, native Butte, Montana and 23 km west of Dillon,
title interests, Montana. The ND property is off Montana
historical sites, Highway 278. Head west on Montana 278 for
wilderness or 13 km to the intersection of the Bon
national park and Accord Road. Turn south on the gravel Bon
environmental Accord Road for 8 km to the New Departure
settings. Mine Property. The property is at an
elevation of approximately 1980 meters
above mean sea level (MSL). The ND
Property consists of the IM Group with 60
federal unpatented mining claims (Table
2), and 8 patented mining claims: the
Cliff Lode, Mother Lode, Director,
Guardian, Protector, Quien Sabe, Shield
and Signal (Table 3). The ND Property is
in sections 21, 22, 23, 26, 27, 28, T. 7
S., R. 11 W., Montana Principal Meridian.
The ND Property is in the Blue Wing
Mining District, controlling a total of
427 hectares of mineral rights. Most of
the mine's previous production has come
from the Signal and Shield
* The remaining 30% interest is held by
Abbot Mining Corporation
* The * Patented Claims
security of allowing for
the tenure Mining
held at the Exploration
time of
reporting
along with
any known
impediments
to
obtaining a
licence to
operate in
the area.
Exploration * Acknowledgment * The most
done by other and appraisal of recent
parties exploration by underground
other parties. work at the
New Departure
Mine was done
by the Spokane
National Mines
in the 1960's
& 1970's with
the
development of
the 208 ore
body and the
Blue Dot
Level.
* ABM Mining
Corp.
undertook
claim staking,
surface
sampling and
IP Geophyscial
work in 2012.
The company
conducted an
underground
channel
sampling
program in
2013 and took
metallurgical
samples and
reported the
results. The
company also
drove ___
meters of
drift and
mining
development in
2013.
Geology * Deposit type, * The New
geological Departure Mine
setting and is located in
style of the Blue Wing
mineralisation. Mining
District 23 km
west of
Dillon,
Montana in
Beaverhead
County. Silver
mineralization
occurs in a
klippe of
Missisippian
dolomites and
limestones as
replacement
deposits
(mantos) and
short veins.
Silver occurs
as oxidized
ore in a brown
to black
aggregate of
iron and
manganese
oxides with
distinctive
malachite in
higher grade
occurrences.
Primary ore
minerals
include a host
of silver
bearing
sulphides in a
gangue of
quartz,
calcite, and
rhodochrosite.
The klippe
that hosts the
New Departure
Mine is
approximately
0.8 km wide
and 1.6 km
long and rests
on a fault
contact with
Cretaceous
volcanic
rocks.
Drill hole * A summary of all * Not Applicable
Information information as no drilling
material to the was undertaken
understanding of as part of the
the exploration channel
results sampling
including a
tabulation of
the following
information for
all Material
drill holes:
*
+ easting and
northing of
the drill
hole collar
+ elevation or
RL (Reduced
Level -
elevation
above sea
level in
metres) of
the drill
hole collar
+ dip and
azimuth of
the hole
+ down hole
length and
interception
depth
+ hole length.
Data aggregation methods
* If the
exclusion of
this
information
is justified
on the basis
that the
information
is not
Material and
this
exclusion
does not
detract from
the
understanding
of the
report, the
Competent
Person should
clearly
explain why
this is the
case.
* In reporting * Not Applicable as no drilling
Exploration was undertaken as part of the
Results, channel sampling
weighting
averaging
techniques,
maximum and/or
minimum grade
truncations
(eg cutting of
high grades)
and cut-off
grades are
usually
Material and
should be
stated.
* Where * Not Applicable as no drilling
aggregate was undertaken as part of the
intercepts channel sampling
incorporate
short lengths
of high grade
results and
longer lengths
of low grade
results, the
procedure used
for such
aggregation
should be
stated and
some typical
examples of
such
aggregations
should be
shown in
detail.
* The * Not Applicable
assumptions as no drilling
used for was undertaken
any as part of the
reporting channel sampling
of metal
equivalent
values
should be
clearly
stated.
Relationship * These * Not
between relationships Applicable
mineralisation are particularly as no
widths and important in the drilling
intercept reporting of was
lengths Exploration undertaken
Results. as part of
the channel
* If the geometry sampling
of the
mineralisation
with respect to
the drill hole
angle is known,
its nature
should be
reported.
* If it is not
known and only
the down hole
lengths are
reported, there
should be a
clear statement
to this effect
(eg `down hole
length, true
width not
known').
Diagrams * Appropriate maps * Not
and sections Applicable
(with scales) as no
and tabulations drilling
of intercepts was
should be undertaken
included for any as part of
significant the channel
discovery being sampling
reported These
should include,
but not be
limited to a
plan view of
drill hole
collar locations
and appropriate
sectional views.
Balanced * Where * Not
reporting comprehensive Applicable
reporting of all as no
Exploration drilling
Results is not was
practicable, undertaken
representative as part of
reporting of the channel
both low and sampling
high grades and/
or widths should
be practiced to
avoid misleading
reporting of
Exploration
Results.
Other * Other * Included as
substantive exploration deemed
exploration data, if appropriate
data meaningful and by the CP
material, should
be reported
including (but
not limited to):
geological
observations;
geophysical
survey results;
geochemical
survey results;
bulk samples -
size and method
of treatment;
metallurgical
test results;
bulk density,
groundwater,
geotechnical and
rock
characteristics;
potential
deleterious or
contaminating
substances.
Further work * The nature and * Proposed
scale of planned further
further work (eg work is
tests for included in
lateral body of
extensions or this report
depth extensions
or large-scale
step-out
drilling).
* Diagrams clearly * Included in
highlighting the this report
areas of as deemed
possible appropriate
extensions, by the CP
including the
main geological
interpretations
and future
drilling areas,
provided this
information is
not commercially
sensitive.
Copyright r 18 PR Newswire
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