Galena Mining CEO: De-risked, Fully Funded Silver and Lead Project in Australia

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Galena Mining CEO Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program. 

Final Results From 2020 Abra Drilling Program

Highlights:

  • Three additional drill-holes showing cumulative lead-silver intersections >50m (AB183A, AB192 and AB200A), including
    • AB200A recorded the longest cumulative +5% lead grade intersections ever observed at Abra at 103m
  • Outstanding lead-silver intersections in this announcement continue to confirm wide, high-grade mineralised zones:
    • AB200A:
      • 22.5m at 9.0% lead and 17g/t silver from 301.0m
      • 14.9m at 12.3% lead and 15g/t silver from 391.7m
      • 40.9m at 7.6% lead and 14g/t silver from 425.0m
    • AB184 – 27.9m at 8.6% lead and 16g/t silver from 378.4m o AB176:
      • 22.5m at 9.0% lead and 17g/t silver from 301.0m
      • 14.9m at 12.3% lead and 15g/t silver from 391.7m
      • 40.9m at 7.6% lead and 14g/t silver from 425.0m
      • 15.9m at 11.8% lead and 28g/t silver from 378.9m
      • 13.5m at 7.7% lead and 22g/t silver from 398.9m
    • AB183A:
      • 13.1m at 8.2% lead and 35g/t silver from 291.1m
      • 21.2m at 8.5% lead and 19g/t silver from 307.8m
      • 10.8m at 13.3% lead and 19g/t silver from 369.4m
    • AB185 – 13.6m at 11.3% lead and 27g/t silver from 352.4m
    • AB177 – 19.9m at 6.9% lead and 13g/t silver from 287.2m
    • AB198 – 11.9m at 10.2% lead and 48g/t silver from 271.8m
    • AB181 – 17.3m at 7.0% lead and 22g/t silver from 276.4m
    • AB191 – 11.6m at 9.6% lead and 16g/t silver from 411.4m
  • 43 (75%) of the 57 drill-holes drilled in the 2020 Abra Drilling Program exceeded or met grade and thickness expectations compared to the October 2019 Resource model
  • Eight holes from the program showed cumulative down-hole significant (+5% lead) lead-silver intersections >50m, including AB147, Abra’s ‘best hole ever’
  • Optiro are well advanced in preparing an updated Mineral Resource estimate, which is expected to be completed in the coming weeks

Galena Mining Ltd. (“Galena” or the “Company”) (ASX: G1A) announces the fifth and final batch of assay results from the now completed 2020 Abra Drilling Program at the Abra Base Metals Project (“Abra” or the “Project”).

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Galena Mining Ltd. (“Galena” or the “Company”) (ASX: G1A) announces the fifth and final batch of assay results from the now completed 2020 Abra Drilling Program at the Abra Base Metals Project (“Abra” or the “Project”).

First Targetted Copper-Gold Hole at Abra Hits 26.9M at 1.4% Copper

HIGHLIGHTS:

  • Outstanding success from the first ever hole at Abra drilled specifically to target the interpreted copper-gold zone (AB195) adjacent to and below existing lead-silver mineralisation
  • Significant copper-gold intersections from AB195 include:
    • 3.0m at 4.2g/t gold and 1.1% copper from 670.7m,
    • 2.0m at 6.9% copper from 698.1m, and
    • 26.9m at 1.4% copper from 763.8m, including:
    ▪ 8.9m at 2.3% copper from 773.0m
  • Significant copper and gold mineralisation in AB195 occurred within the potential copper-gold channel zone interpreted by the Company’s geological and geophysical review in 2020
  • Downhole electromagnetic survey is planned to be conducted on AB195 during the second quarter of 2021 for the definition of conductive plates within its vicinity

Galena Mining Ltd. (“Galena” or the “Company”) (ASX: G1A) announces the outstanding result from drill-hole AB195, drilled as part of the recently completed 2020 Abra Drilling Program and as the first ever hole drilled specifically targetting the interpreted copper- gold zone at the Abra Base Metals Project (“Abra” or the “Project”).

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Galena Mining Ltd. announces the outstanding result from drill-hole AB195, drilled as part of the recently completed 2020 Abra Drilling Program and as the first ever hole drilled specifically targetting the interpreted copper- gold zone at the Abra Base Metals Project.

More Massive Sulfide Nickel at King Snake

Blackstone Minerals Limited (ASX:BSX, OTC:BLSTF) is pleased to report that it continues to intersect Massive Sulfide Vein (MSV) mineralisation at King Snake. MSV has been observed in all drill holes subsequent to the maiden intersections recently announced (refer Tables 2 & 3 in Appendix 1 of this report and ASX announcement 4 February 2021).

The Company is aggressively drilling at King Snake and sees significant potential for it to be incorporated into ongoing mining and processing studies given the exploration success to date.

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Blackstone Minerals Limited (ASX:BSX, OTC:BLSTF) continues to intersect Massive Sulfide Vein (MSV) mineralisation at King Snake.

Equipment purchase reduces overall capex and fast tracks production at the New York Battery Plant

  • Machinery acquired from lithium-ion cell manufacturer A123 Systems and is being relocated from Michigan to Huron Campus
  • iM3NY now has the ability to produce 20 and 50amp hour cells to cover all major markets for lithium-ion batteries
  • First production on track for late 2021

Magnis Energy Technologies Limited (ASX: MNS) is pleased to announce that Imperium3 New York (iM3NY) has acquired state-of-the-art machinery from lithium-ion cell manufacturer A123 Systems to reduce overall capex requirements while bringing forward production. Magnis has a direct and indirect holding of approximately 58% of iM3NY.

The new equipment includes formation lines, slurry making, coating, stacking machines, solvent recovery, and refining. The machinery will form part of a full assembly line enabling the company to further advance its technology while also expanding its production capabilities.

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Magnis Energy Technologies Limited (ASX: MNS) has acquired state-of-the-art machinery that allows iM3NY to produce lithium-ion batteries for all major markets

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