Western Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to advise that the diamond drilling (DD) at the Company’s 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA is progressing well.
HIGHLIGHTS
- The ~2,100m diamond drilling (DD) program at BMG’s high grade Abercromby Gold Project is in full swing with highly encouraging field observations in the drill core.
- The Company has completed ~1,100m of DD across 5 holes, with ~1,000m across 4 holes of the scheduled program to go.
- The program is part of a 6,000m combined RC/ DD program (4,000m of RC completed – refer ASX releases 19 October 2021 and 1 November 2021).
- Field observations of the completed DD holes indicates multiple thick intersections of alteration consistent with that previously drilled in the mineralised lodes, punctuated internally by intensely altered zones.
- Assays are anticipated to be available during late December and into the new year.
- Based on encouraging geology to date, an additional deep hole of ~650m, probing deep extensions of the main Capital orebody has been prioritised and added to the current program.
The Company has completed 5 of the 9 scheduled DD holes for 1,100m of the circa. 2,100m program. The balance of the program is anticipated to be completed during December 2021/January 2022.
Assay results are not yet available; however, encouragingly, diamond drilling is intersecting wide intervals of quartz-carbonate veining +/- sulphides at the anticipated lode positions. Within these broad zones, more intensely altered intervals exist, characterised by intense bleaching (sericite), silica flooding and accessory pyrite. It is these intervals that are interpreted to potentially represent very high-grade portions of the gold deposit.
The thick alteration zones intersected are in the position predicted as the potential extension of the known gold lodes, validating our geological model for the Capital Prospect.
BMG Managing Director Bruce McCracken said:
“We’re excited to see the diamond drilling progressing well at Abercromby. With the remainder of our 6,000m combined RC and DD program set to be completed over Christmas and into the new year, we anticipate stepping into 2022 on solid footing.”
