Western Australian gold explorer BMG Resources Limited (ASX: BMG) has advised that assay results returned from the recent 10,312m aircore drilling (AC) program have highlighted strong potential for further gold discoveries at the Company’s 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA.
HIGHLIGHTS
- Aircore drilling (AC) has delineated a series of highly prospective gold anomalies within the Abercromby Gold Project, and opened up multiple target areas for more intensive exploration
- 4m @ 3.58g/t Au from 52m (22ABAC061) at the Archer Prospect intersected an interpreted southern extension of the Abercromby shear, open for some 1.4km
- 4m @ 1.19g/t Au from 16m (22ABAC117) punctuates an emerging 1.6km target zone with direct continuity from the high-grade gold of the West Lode at Capital
- 4m @ 1.46g/t Au from 44m (22ABAC014) at the Barrack Prospect reinforces the potential prospectivity of the area
- Over a dozen other 4m intercepts > 200ppm encountered in AC drilling
- Gold occurrences are conformable with SAM anomalism, which is known to map prospective structures at Abercromby, and suggests strong potential for further gold mineralisation at depth and along strike
- Further AC and RC drilling being planned to follow-up this outstanding opportunity for a greenfields discovery
The AC program was completed south of the highly mineralised Capital Prospect in February 2022, testing the significant prospective 5km strike potential between Capital and the previously identified Barrack/Archer prospects to the very south of the Abercromby tenement area.
The AC drilling broadly tested a number of targets generated by the SAM survey completed in December 2021 (refer ASX Release on 9 Dec 2021, Pipeline of Exploration Targets Grows at Abercromby).
The SAM survey identified an extensive strike of SAM anomalism trending from the known gold-bearing structures at Capital into areas to the south where little or no drilling had taken place. A total of 16 highly anomalous (+200ppb Au) results were encountered in 14 separate holes (refer to Table 1 in announcement), providing compelling impetus for BMG to expand its work program at Abercromby to include these greenfields areas.
BMG Managing Director Bruce McCracken said the significance of the compelling first pass AC results marked what has been a fantastic week of results across the Abercromby Project, following the recent release of highly encouraging diamond drilling intercepts at Capital.
“The AC program has been successful at achieving the strategic aim of generating a pipeline of greenfields targets that we can progress contemporaneously with developing known high-grade gold mineralisation at Capital.
“The coincidence of geochemical and geophysical indicators at these greenfields targets is a delight and reinforces our view of strong prospectivity.
“With large untested distances either side of many of these new gold anomolies, we are encouraged that one or more Capital style deposits could easily be hiding in close proximity.
“We look forward to investigating these intercepts further in our next work program.”
