Western Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to announce outstanding high-grade gold intersections from the initial reverse circulation (RC) phase of its current drill program at the Company’s 100% owned Abercromby Gold Project, in the north-eastern Goldfields of WA.
HIGHLIGHTS
- The initial phase of BMG’s current drilling program at its Abercromby Gold Project has delivered further high-grade gold intersections at the Capital Prospect.
- First laboratory assays (4m composites*) from the RC drill program have returned multiple intervals of thick high-grade gold, including:
- 12m @ 7.02g/t from 80m (21ABRC007)
- 56m @ 1.03g/t from 136m (21ABRC007) including 4m @ 3.56g/t from 172m
- 4m @ 9.84/t from 236m (21ABRC007)
- 56m @ 1.51g/t from 132m (21ABRC005) including 16m @ 3.59g/t from 160m
- 4m @ 6.16/t from 104m (21ABRC021)
- 36m @ 1.30g/t from 232m (ABRC004) including 8m @ 2.94g/t from 252m
- BMG completed 4,095m of reverse circulation (RC) drilling from the current c.6,000m program, with diamond drilling to get underway this week.
- The remaining c.2,000m of diamond drilling will test deeper extensions of the high-grade orebody at Capital.
- An additional sub-audio magnetic survey (SAM) is also scheduled to be completed at the southern 3km portion of Abercromby later this month to map extensions of the Capital host structure.
* Assay results are based on 4m composite samples and are preliminary in nature; assaying of 1m samples is underway and will provide a more definitive determination of the mineralisation in these drill holes
In July, BMG launched a 6,000m combined RC and diamond drill program at Abercromby. To date, 24 RC drill holes have been completed for 4,095m drilled, with a diamond rig now mobilising to site to complete the remaining circa 2,000m of the program.
All RC holes completed at the Capital Prospect intersected gold mineralisation. These results confirm significant extensions of the known mineralisation and continue to underline the strong potential to deliver a significant, highgrade gold resource at Abercromby.
Drilling has also identified a new eastern lode which has not been previously intersected by historical drilling. This is an exciting development that opens up an area for a sizeable extension of the potential resource envelope at Capital.
View the full announcement
Investor Presentation – Mines and Money Online Connect
