- LEAD PRICE (USD/t): 1817.5 -0.11%
- SILVER PRICE (USD/oz): 18.64 -0.481%
Galena Mining Limited owns 86.16% of the Abra Base Metals Project located in the Gascoyne Region of Western Australia. A successful project development drilling program completed in 2019 has allowed the estimation of a new 2019 JORC Resource.
The Abra Lead-Silver Project in Western Australia represents one of the world's largest undeveloped lead resources. Abra is within a granted mining lease.
Galena completed an outstanding definitive/bankable feasibility study in July 2019 for development of a mine and processing facility with a 16-year life producing a high-value, high-grade lead-silver concentrate.
JORC Mineral Resource estimate 41.1Mt (Indicated and Inferred) @ 7.3% Lead and 18g/t Silver.
Galena has a defined vision to develop Abra as a high-grade, high margin mining operation in the next 2 years.
Abra, and possible extensions to Abra, is the main focus of Galena, but the regional tenement package has excellent potential for Copper-Gold deposits as well as further lead-zinc-silver deposits.
The regional exploration targets and prospects include Woodlands, Manganese Range and Quartzite Well.
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