Western Australian gold explorer BMG Resources Limited (ASX: BMG) is rapidly progressing drilling at the Capital prospect in its 100 per cent owned Abercromby gold project in WA’s northeastern goldfields.
The 3,700-metre diamond drill program is in full swing at Abercromby, with two holes substantially complete.
One drill hole (a redrill of an incomplete hole) was completed to target depth of 664.7 metres while a second drill hole is almost complete, currently at 560 metres of a planned 650 metres.
Visual inspection of the core indicates both holes contain shearing with quartz veining and alteration corresponding with expected lodes positions.
The company is advancing towards a resource estimate with diamond drilling focused on infill and extensional drilling of the greater Capital prospect.
The regional aircore drill program conducted in Abercromby’s southern prospect is complete, with assay results expected in July.
BMG Managing Director Bruce McCracken said: “Our systematic drilling is demonstrating strong potential to further expand the mineralised envelope at the Capital Prospect as we progress towards a maiden resource for Abercromby.
“Diamond drilling at Abercromby continues 24/7, with encouraging early geological observations from two completed holes indicating that prospective alteration has been intersected in the predicted extensions of the East and West gold lodes.
“The air-core drilling testing large regional gold anomalies to the south has now been completed.
Assays are expected this month, and the Company is excited by the opportunity to make a new discovery in this underexplored area of our tenure.
“We look forward to updating investors as our drilling progress continues and results come to hand.”