BMG adds greenfield gold targets to WA hit list

ASX-listed BMG Resources has outlined a suite of regional gold anomalies after running a follow-up air-core drilling program over underexplored areas of its Abercromby project near Wiluna in Western Australia. The campaign adds a pipeline of greenfield exploration targets to the project’s previously defined Capital South, Barrack and Archer prospects.

Planning for a subsequent drill campaign aimed at evaluating the newly found anomalies is now underway.

The recent air-core program comprised 59 air-core holes totalling 5658m to further test several new anomalous zones unveiled by previous work.

Drilling outlined 20 highly anomalous results grading over 200 parts per billion gold in 19 separate holes. Management says the discovery provides a compelling case for it to review the targets around Abercromby’s greenfield areas.

Some of the more significant intercepts from the latest air-core program include 20m at 0.43 g/t gold from 36m, 4m going 1.21 g/t gold from 36m and 4m running 0.99g/t gold from 28m.

The zone’s prospectivity was initially highlighted by a Sub-Audio Magnetics survey completed in December last year.

The geophysical campaign identified a significant parcel of anomalism trending from Capital’s gold-bearing structures into the project’s southern extents where previously only minimal drilling had been completed.

After defining targets using the survey data, the company launched a maiden air-core program last February. The probe unveiled a raft of promising strikes including 4m at 1.19 g/t gold from 16m, 4m going 3.58 g/t gold from 52m and 4m running 1.46g/t gold from 44m.

The maiden campaign was followed by a subsequent air-core program in May and June this year. Results from the exercise proved successful in lighting up the new regional targets.

BMG Resources' Managing Director, Bruce McCracken said: “This regional program has added to the three primary gold anomalies at Abercromby – Capital South, Barrack and Archer – paving the way for the next phase of exploration drilling to further scope the potential at these targets.”

The company is now looking to combine its past exploration data with new drilling results to rank its new targets.

In addition, BMG is close to closing the loop on a 3,800m diamond program at its main Capital deposit. The campaign is aimed at testing extensions south of the deposit and is supported by visual mineralisation observed in drill cores pulled from earlier work in the area.

Assays from the diamond program are expected to start trickling in over the next few weeks.

BMG’s wholly owned Abercromby tenure is on the revered Wiluna greenstone belt where more than 40 million gold ounces have been defined since the precious metal was discovered in the late 1800s.

The area takes in a number of notable operations including Bellevue Gold’s three-million-ounce namesake discovery grading a dazzling 9.9 g/t gold. Abercromby is bout 100km north of Bellevue and straddles the same greenstone belt. A maiden gold pour at Bellevue is earmarked for next year.

Gold mining titans Northern Star Resources and Gold Fields Limited are also pumping out a steady flow of gold from their nearby mining operations.

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au