| Announcement Date: | 2022-05-02 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | BMG Resources Ltd. |
| Project name: | Abercromby |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 4m @ 3.58g/t Au from 52m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Western Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to advise that assay results returned from the recent 10,312m aircore drilling (AC) program have highlighted strong potential for further gold discoveries at the Company’s 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA. The AC program was completed south of the highly mineralised Capital Prospect in February 2022, testing the significant prospective 5km strike potential between Capital and the previously identified Barrack/Archer prospects to the very south of the Abercromby tenement area. The AC drilling broadly tested a number of targets generated by the SAM survey completed in December 2021 (refer ASX Release on 9 Dec 2021, Pipeline of Exploration Targets Grows at Abercromby). The SAM survey identified an extensive strike of SAM anomalism trending from the known gold-bearing structures at Capital into areas to the south where little or no drilling had taken place. A total of 16 highly anomalous (+200ppb Au) results were encountered in 14 separate holes (refer to Table 1 below), providing compelling impetus for BMG to expand its work program at Abercromby to include these greenfields areas. |
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