Western Australian gold explorer BMG Resources Limited (ASX: BMG) has released its activities report for the September Quarter, during which it made significant progress at the Abercromby project and raised $4 million.
At Abercromby in the northern Goldfields, BMG completed a high-resolution sub-audio magnetic ground geophysical survey over the northern 3km of the mineralised corridor, including the high-grade gold zones at the Capital and Capital North Prospects. It led to the commencement of a major drilling campaign at Abercromby, focusing on extension holes and infill drilling at the Capital where wide intervals of high-grade gold have already been intersected. In total, BMG is planning 6,000m of RC and diamond drilling. The campaign will run into the December quarter.
During the quarter, BMG raised $4 million in a well-subscribed share placement to fund drilling and exploration at Abercromby and its other highly prospective WA projects.