Western Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to advise that the diamond drilling (DD) program and the proposed aircore drilling (AC) program at the Company’s 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA are in full swing.
HIGHLIGHTS
- Diamond drilling is progressing at Capital Prospect with the final 3 holes(~1,350m) scheduled to be completed by March.
- Drilling includes two holes (~650m) testing the down dip and deeper continuity of the known mineralisation up to 500m below surface.
- A ~12,000m aircore drilling program across high priority structures identified by sub-audio magnetics is underway.
- ~25% of the aircore program (~2,900m) completed to-date.
- Initial diamond drilling assays are anticipated during February.
- 1m RC assays from the initial 4m composites are expected shortly – refer ASX release 19 October 2021.
RC/DD Drill Program
The DD program testing the Capital Prospect has recommenced. This is part of the 6,750m combined RC/DD program (4,000m of RC and ~2,750m DD) – refer ASX releases 19 October 2021, 1 November 2021 and 2 December 2021.
The remaining DD holes (3 holes with ~1,050m remaining) are anticipated to be completed by March. This includes two holes (each ~650m) testing the down dip and deeper continuity of the known mineralisation up to 500m below surface. The third hole is the final tail of the RC holes to be completed which were terminated early due to water ingress.
Aircore Drill Program
A major AC drill program of around 12,000m (~136 holes) is now underway to test the new sub-audio magnetic (SAM) generated targets, refer ASX release 9 December 2021. Many of these are walk up targets based on their analogous features to the structural settings of known mineralisation centres at Capital and Capital North. Comprehensive coverage will better probe areas only cursorily tested in the past for base minerals, including the Archer and Barrick targets.
To date, approximately 25% (~2,900m) of the 12,000m program has been completed
BMG Resources Managing Director Bruce McCracken said: “Whilst we, like many of our peers, will have to patiently await the full results of these two programs, we are very pleased to have hit the ground running in 2022 and put our best foot forward for both prospective results and turnaround times for the results of these activities.
“This year is shaping up to be another prospective one for precious metals explorers and BMG is pleased to be in the right jurisdiction and at the right time, to capitalise on our core assets.”
