Galena Mining Limited floated on the ASX in September 2017 and owns 100% of the Abra base metals deposit located in the Gascoyne Region of Western Australia. The Abra deposit was discovered in 1981 and remains one of the biggest undeveloped lead deposit in the World. Abra is within a granted mining lease.
Galena completed a successful drilling campaign in Q4 2017 with high grade mineralisation intersected in every one of the 12 holes. These results have allowed the estimation of a new 2012 JORC compliant Resource in March 2018 of:
This is 11.2Mt (Indicated and Inferred) @ 10.1% lead and 28g/t silver
within 36.6Mt (Indicated and Inferred) @ 7.3% lead and 18g/t silver