Western Australian gold explorer BMG Resources Limited (ASX: BMG) is pleased to advise that the diamond drilling (DD) (2,613m) and aircore drilling (AC) (approx. 10,300m) programs at the Company’s 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA have been completed.
HIGHLIGHTS
- Diamond drilling (DD) and aircore drilling (AC) programs completed at Abercromby Gold Project.
- ~2,600m of DD completed at the Capital Prospect across 10 holes, including five tails to complete previous reverse circulation (RC) drilling that didn’t reach target depth, and deeper holes targeting high-grade depth and strike extensions.
- Assays remain outstanding due to extended lab turnaround times; however, visual indications of key alteration zones intersected look very encouraging.
- ~10,300m of AC completed across 130 holes targeting high priority structures identified by sub-audio magnetics.
- Initial DD and AC assays expected this month, with the remainder over the coming months.
About 2,600m of DD was completed at the Capital Prospect within Abercromby across 10 holes, including five tails in order to complete previous reverse circulation drilling that didn’t reach target depth, and deeper holes targeting high-grade depth and strike extensions.
This completes the ~6,700m of RC/DD drilling program that was aimed at testing the mineralised zones at Capital, deeper extensions of the high-grade orebody, and step-out extensions along strike.
BMG has also completed about 10,300m of AC drilling across 130 holes at Abercromby, targeting high priority structures identified through the sub-audio magnetic geophysical survey (SAM survey), which was completed in December last year.
Drilling tested the significant prospective strike potential between Capital and the previously defined Barrack /Archer prospects, as well as testing a multitude of grassroots targets.
All samples have been processed and submitted for assaying; however, results are not yet available. The Company is hopeful that the first assays will be received later this month, though turnaround times across the industry are currently significantly slower than usual.
BMG Resources Managing Director Bruce McCracken said: “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.
“The completion of this ~6,700m RC/DD campaign is a significant milestone for BMG and whilst we, like many of our peers, will have to patiently await the full results of this program alongside the AC program, the foundations are already being laid out for our next exploration activities at Abercromby.
“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.”
