BMG recommences drilling at Bullabulling lithium and gold project, WA
28 August
Western Australian focused gold and lithium explorer BMG Resources (ASX: BMG) has commenced the next phase of drilling at its recently acquired, 100%-owned, Bullabulling lithium and gold project located in the Coolgardie region of the Eastern Goldfields in Western Australia.
HIGHLIGHTS
BMG commences 36-hole drilling program for circa 2,800m to test shallow lithium and gold targets Bullabulling
This follows the maiden 20-hole reconnaissance drilling program completed in May 2023 that intersected LCT pegmatites up to 22m thick and high-grade gold mineralisation
Strong prospectivity for lithium and gold at Bullabulling further confirmed by additional fieldwork and analysis that has identified multiple targets for drill testing
High-priority lithium targets include several untested pegmatites mapped within a +4km LCT pegmatite corridor where lithium bearing pegmatites have already been identified
Drilling anticipated to be completed mid-September, with assays to follow
BMG Resources Managing Director Bruce McCracken said:
“BMG returns to Bullabulling with the drill bit to follow up on the pipeline of priority targets that show early potential for the discovery of lithium and gold in a lithium province of increasing significance.
“The Company’s initial drill program confirmed lithium bearing pegmatites in the Bullabulling tenements that warrant further drill testing. In addition, a number of pegmatites showing potential for lithium mineralisation have been identified in the same area for first-pass drilling.
“The program will also test for extensions of the high-grade gold mineralisation intersected in the initial drill program at Poolman’s Wealth Prospect.
“Drilling is expected to take about three weeks and anticipated to be completed by mid-September, with assays to follow.
“The Bullabulling Project is located near Coolgardie, a region with a long history of gold production that is now also home to some of Australia’s most exciting lithium discoveries – including the significant Mt Marion, Buldania and Pioneer Dome deposits as well as the Kangaroo Hills lithium project. Tenure in this region is highly sought after.
“With a large, strategically located footprint of around 185 sq.km of Coolgardie ground, BMG’s Bullabulling Project presents an outstanding early-stage exploration opportunity.”
