BMG Resources (ASX: BMG) has provided an update on its exploration programs at the Abercromby and Bullabulling gold projects in Western Australia. The company is ramping up drilling activities to expand existing resources and test high-priority targets.
At the Abercromby Gold Project, the first samples from Phase 1 drilling, which totalled over 1,000m, have been submitted for laboratory assays on a priority basis. The results are expected within two weeks. The delay in processing was due to the Christmas and New Year period, causing setbacks in cutting and sampling the drill core.
Phase 2 drilling is scheduled to begin in March 2025 and will focus on extending the Capital Deposit beyond its current 518,000oz mineral resource estimate, as well as upgrading inferred resources to the indicated category. The program includes reverse circulation drilling to test the Capital South, Archer, and Barrack Prospects along a 1km corridor south of the Capital Deposit, where previous shallow drilling has confirmed the presence of a high-grade gold system.
At the Bullabulling Gold Project, BMG is preparing a new drill program for its 100%-owned tenure, located 1.5km from the Bullabulling Gold Mine. The mine is being acquired by Minerals 260 (ASX: Mi6) from Norton Gold Fields for $156.5 million in cash and $10 million in shares. The upcoming drilling campaign is set to begin in late March 2025, targeting near-surface gold mineralisation identified in historical and recent drilling.
BMG’s exploration programs aim to build on existing gold discoveries and define new resources in key mineralised corridors within the Goldfields region.
