BMG Resources

BMG confirms further lithium pegmatites and high-grade gold at Bullabulling project, WA

  • 12 December
Western Australian focused gold and lithium explorer BMG Resources Limited (ASX: BMG) has received and processed all assays from the second drilling program at its 100%-owned Bullabulling project located in the Coolgardie region of the Eastern Goldfields in Western Australia.

HIGHLIGHTS

  • Assays returned from the second phase drilling program (36-holes for ~2,800m)  extend shallow lithium-bearing pegmatites and deliver further high-grade gold intersections of up to 18.1 g/t Au at Bullabulling
  • At the Ubini lithium prospect, drilling confirmed the continuation of mineralised pegmatites, extending the strike of the pegmatite field to more than 250m including:
    • 4m @ 0.56% Li2O from 44m (23BBRC021)
  • Drilling also identified a series of stacked pegmatites which commence at surface and dip to the north-east, with mineralisation open in all directions
  • Drilling at the Poolmans Wealth gold prospect delivered shallow high-grade intercepts including:
    • 2m @ 18.1 g/t Au from 34m (23BBRC036)
    • 1m @ 10.6 g/t Au from 58m (23BBRC034)
  • Next phase of work to include step out drilling at Ubini and Poolmans Wealth, and follow up drilling of additional targets
The 36-hole program for ~2,800m tested lithium targets at the Ubini prospect and gold targets at the Poolmans Wealth prospect identified in the highly successful first pass drilling program.

The program also included first-pass drilling of pegmatites outside the known prospects to inform the current geological model and assess the potential for pegmatites that may have intruded the largely mafic stratigraphy in the western portion of the project.

BMG Resources Managing Director Bruce McCracken said:

“The highly encouraging assays from BMG’s second drilling program at Bullabulling further highlight the potential for meaningful discovery in this world-class Australian lithium and gold region.

“The program has significantly increased the Company’s confidence in high-priority targetsat the Ubini and Poolmans Wealth prospects, as well as delivering a pipeline of targets forfurther testing.

“At Ubini, BMG confirmed the lithium bearing pegmatites extend for more than 250m andremain open along strike. At Poolmans Wealth, drilling delivered further shallow high gradegold intercepts.

“With a large, strategically located footprint of around 185 sq.km of Coolgardie ground,Bullabulling is located in a highly sought after region with a long history of gold productionthat is now also home to some of Australia’s most significant lithium discoveries – including the Mt Marion, Buldania and Pioneer Dome deposits, as well as the Kangaroo Hills lithium project.

“Bullabulling offers outstanding value as an early-stage exploration project with significant upside, and BMG looks forward to returning to follow up on these exciting targets.”

Gerard McArtney

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