BMG Resources Ltd (ASX:BMG) Commences Drilling at Abercromby Gold Project
4 December 2024
Price Sensitive Announcement $
Highlights:
- Diamond drilling has commenced at the Abercromby Gold Project, designed to grow BMG’s maiden resource of 518,000 oz Au at 1.45 g/t Au which is located on a granted mining lease and in close proximity to several mills and excellent infrastructure
- Initial diamond drilling will test for extensions of the high-grade gold at the Capital Deposit which remains open at depth and along strike to the north and south, and with only a fraction of the 6km-long prospective stratigraphy tested by drilling to date
- DDH1 Drilling is providing drilling services for this campaign with drilling operating 24/7 using a double shift
- Drilling is also designed to convert inferred gold resources to the indicated category to support development studies
- A further phase of diamond and RC drilling will be scheduled for early next year to test regional targets at the Capital South, Barrack and Archer Prospects where first pass
aircore drilling has identified a large gold system that has potential for a repetition of significant mineralisation like the Capital Deposit - Planned drill programmes will advance BMG’s strategy to progress the commercial feasibility of the Abercromby Gold Project, which is located in a highly productive mining region of WA’s Goldfields
Overview:
BMG Resources Limited has announced that drilling has resumed at its 100%-owned Abercromby Gold Project in WA’s Goldfields.
Company Notes:
John Prineas, BMG’s Non-Executive Chairman, said:
“We are pleased to have boots on the ground again at Abercromby to kick-off an exciting drill campaign that is designed to expand and upgrade the mineral resource at the Project.
“The maiden mineral resource at Abercromby is just the beginning with the prospective stratigraphy at the Project extending for more than 6km with only a strike of 1.2km drilled to date.
“The first phase of new drilling will now test for extensions to the mineralisation at the Capital Deposit with further drilling planned to test for new gold discoveries at regional targets.
“BMG will also aim to convert inferred resources in the maiden Abercromby resource estimate to the higher confidence indicated category, with a view to completing further development studies that could lead to a robust scoping study for a potential mining operation.
“We look forward to reporting results generated by this drilling.”
Full ASX Announcement: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02890005-6A1241623