ABM Resources NL: Hyperion Drill Results Show Wide Mineralised Zones

09:42 AEST Mar 12, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - ABM Resources NL (ASX:ABU) is pleased to provide an update on exploration activities in the Northern Territory.


Drilling results from the Hyperion Gold Project:

Reverse Circulation hole HYRC100023 at the Hyperion Central Prospect intersects:

- 26 metres averaging 2.95g/t gold (0.3g/t cut-off) including
-- 17 metres averaging 4.36g/t gold (0.5 g/t cut-off) including:
-- 13 metres averaging 5.46g/t gold (1.0g/t cut-off)


Reverse Circulation hole HYRC100012 at the Hyperion Central Prospect intersects:

- 35 metres averaging 1.27g/t gold (0.3g/t cut-off) including:
-- 1 metre grading 8.44g/t gold (1.0g/t cut-off) and
-- 24 metres averaging 1.71g/t gold (1.0g/t cut-off).


Reverse Circulation hole HYRC100015 at the Hyperion Central Prospect intersects:

- 26 metres averaging 1.17g/t gold (0.5g/t cut-off) including:
-- 19 metres averaging 1.42g/t gold (1.0g/t cut-off).


Reverse Circulation hole HYRC100022 at the Hyperion Central Prospect intersects:

- 38 metres averaging 1.06g/t gold (0.3g/t cut-off) including:
-- 18 metres averaging 1.62g/t gold (0.5g/t cut-off).

Darren Holden, Managing Director of ABM Resources said, 'The Hyperion Gold Project continues to return excellent near surface drill results and the system continues to show extensive wide zones of mineralisation. ABM has started compiling these results into the first JORC compliant resource on this project.'


Hyperion Gold Project

The Hyperion Gold Project is 100% owned by ABM and is located 18 kilometres north-northeast of the Groundrush Gold Deposit (Tanami Gold NL). The Hyperion Gold Project consists of a composite 2 kilometre by 500 metre gold anomaly defined by over 300 shallow rotary air blast (RAB) holes. Gold mineralisation at Hyperion is principally hosted in structurally controlled quartz-carbonate veins associated with felsic dykes and dolerite within a sedimentary rock sequence. The project area bears several geological similarities to the Groundrush Deposit located nearby.

The Hyperion Central Prospect has confirmed mineralisation over a strike length of 600 metres within an anomaly more than 1 kilometre long. Mineralisation extends from surface to a depth of at least 250 metres below surface.

The Hyperion South Prospect has confirmed mineralisation over a strike length of 250 metres within an anomaly 800 metres long. Mineralisation extends from near surface to at least 200 metres depth.

ABM's 2011 drill program at Hyperion consisted of 20 reverse circulation (RC) drill holes for a total of 3,354 metres of drilling for extensional exploration and resource estimation purposes. Refer to Appendix 1 and 2 for full details.

To view the complete ABM Resources announcement including Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-ABU-581532.pdf


About ABM Resources NL:

ABM Resources (ASX:ABU) is an exploration company developing several gold discoveries in the Tanami-Arunta region of the Northern Territory of Australia. The Company's assets include the Twin Bonanza Gold Camp including the large scale / bulk tonnage Buccaneer Porphyry Gold Deposit which has several new extensional zones discovered in 2011 and the Old Pirate High-Grade Gold Prospect where the Company recently announced 726 metres of combined vein strike length averaging 24.01g/t gold from surface trenching (refer announcement dated 8/2/2012). In addition, regionally the Company has discoveries at the Hyperion Gold Project and the Kroda Gold Project and is also focused on unlocking the potential of one of the largest blocks of exploration licenses in Australia.



Contact:

ABM Resources NL
T: +61-8-9423-9777
F: +61-8-9423-9733
http://www.abmresources.com.au