BMG Resources (ASX: BMG) is set to unveil further potential at its 100%-owned Abercromby gold project in Western Australia with the commencement of a new drilling campaign.
Located in one of the world’s premier gold-producing regions, Abercromby currently hosts a 518,000oz resource at 1.45 grams per tonne.
It is surrounded by major gold projects including Northern Star Resources’ (ASX: NST) 3 million tonnes per annum Jundee operation.
“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,” non-executive chair John Prineas said.
“The maiden mineral resource at Abercromby is just the beginning, with the prospective stratigraphy at the project extending for more than 6 kilometres with only a strike length of 1.2km drilled to date,” Mr Prineas said.
“The first phase of the new drilling will test extensions to the mineralisation at the Capital deposit, with further drilling planned to target new gold discoveries at regional prospects.”
The diamond drilling underway will test extensions of the mineralisation and aim to convert inferred resources to the indicated category.
The initial diamond drill hole has a planned downhole depth of 430m and is targeting the southern end of the Capital deposit.
BMG also plans to test regional targets to the south of the Capital deposit early in the new year.
Previous aircore drilling at the Capital South, Archer and Barrack prospects has confirmed the presence of a large high-grade gold system and supports the potential for new discoveries similar to the Capital deposit.
Abercromby’s favourable metallurgical properties were confirmed by test work completed by Extreme Metallurgy and reviewed by GR Engineering Services.
This work concluded that the mineralisation is free-milling in nature and amenable to traditional carbon-in-leach processing, with high gold recoveries ranging from 93% to 95% achieved.
BMG’s preliminary scoping study work for Abercromby also highlighted the economic potential of open-pit and underground mining at the project.
The study noted several high-grade zones in both fresh and oxide rock with excellent recoveries above 93%.
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