Western Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to announce that assays from the Company’s recent diamond drilling (DD) program at the Abercromby Gold Project have delivered another significant batch of gold results, materially adding to the known mineralised envelope at the Capital Prospect which remains open at depth and along strike.
HIGHLIGHTS
- Results from the recent diamond drilling program continue to demonstrate a large high-grade mineral system at Abercromby with both oxide and fresh mineralisation confirmed along a strike of more than 1.3km
▪ Extensional drilling delivers wide intercepts of gold mineralisation – up to 90m thick – in zones that are below and along strike from the existing mineralised footprint
▪ Conformity of mineral system to the South has been confirmed by infill and extensional drilling, with both primary lodes – East Lode and West Lode – remaining open
▪ Significant zones of alteration in the mineralised system underlines the strong potential for further high-grade ounces in Capital and Capital South, and the prospect for other Capital style discoveries comprising both oxide and fresh mineralisation in regional targets to the South at Archer and Barrack
▪ The next phase of Metallurgical test work is underway to expand the initial testwork which determined Abercromby ore as free milling and amenable to traditional carbon-in-leach processing
▪ Planning for the next phase of drilling underway
Drilling expanded on the excellent results for the previous drilling campaign completed in the June quarter, that more
than doubled the mineralised envelope and continued to define regional targets.
BMG Managing Director Bruce McCracken said:
“This latest round of diamond drilling has continued to grow the mineralised footprint at Abercromby and build uponthe significant gains we’ve made with the drill bit this year.
“The extensional and infill targeting from this program confirmed continuity of the mineralised system, further extensions to the south, and successful intersection with the West lode from deeper drilling, with both primary lodes
remaining open in all directions.
“Importantly, the target zone of mineralisation through the weathering profile has been extended with potential for further significant expansion to the south where aircore drill results have highlighted a broad area of gold anomalism that is prospective for more near-surface oxide material.”
