West Australian gold explorer BMG Resources Limited (ASX: BMG) today announced that the company’s aeromagnetic and radiometric geophysical survey has identified multiple exploration targets at its 100% owned Invincible gold project located in the central Pilbara of Western Australia.
Ultra-high resolution aeromagnetic and radiometric geophysical survey undertaken over entire Invincible project area (~5,000 line km) in the December 2020 quarter.
Multiple high-priority gold targets identified.
Strong correlation of radiometric anomalies with existing geochemical anomalies.
Follow-up field reconnaissance and mapping campaign prioritised ahead of BMG’s maiden drill program.
Invincible is one of BMG’s three highly prospective, 100%-owned gold exploration projects in the Tier 1 mining jurisdiction of Western Australia. BMG’s other projects are Abercromby near Wiluna and South Boddington in the State’s South West.
Bruce McCracken, BMG’s Managing Director, said:
“Artisanal workings recovered gold at very, very high grades at Invincible and support the potential for systematic modern exploration to generate a significant discovery at the project.
“This is the first time that detailed geophysical data has been acquired for Invincible and we are very pleased to see results highlight the strong prospectivity for gold mineralisation across the project area.
“With very limited historic drilling at Invincible, these new targets represent an excellent opportunity to explore for a new gold discovery in an area emerging as a major gold region of Western Australia.
“We look forward to ramping up exploration at Invincible in 2021, including the launch of our maiden drill program, at a time when investor interest in new gold discoveries is strong.”