BMG Resources is ploughing through the metres with two diamond holes from an eight-hole 3700m campaign nearing completion at the operation’s Capital prospect in the Wiluna region of Western Australia’s Mid West.
A previous diamond probe delivered a significant set of gold hits that more than doubled the size of the deposit and substantially enhanced the operation’s gold-bearing potential. One such hit was a tidy 11m returning 11.71g/t gold from 295m, interpreted to be the East lode, before technical issues pulled the hole up short of its targeted depth.
Keen to probe past the drill hole’s premature demise, BMG plugged the first hole of the campaign into the compelling target and pushed through to test the West lode about 250m along the southern strike extension of the mineralised envelope.
Preliminary observations have noted extensive shearing, quartz veining and alteration characteristic of known gold mineralisation at depths corresponding with the expected extensions of the high-grade East lode.
A similarly intriguing geological zone has also been intersected towards the end of the hole about 600m to 620m interpreted to correspond with the expected extension of the West gold lode position.
The second diamond drill hole is in full swing nearing its proposed 650m target depth. Situated midway between the first diamond drill hole of the program and the main ore body, early observations reveal the East and West lode mineralised corridor continues unabated. Completion of the hole is expected in the coming days.
BMG lays claim to a 6km stretch of on-strike mineralisation at Capital within earshot of a string of major gold deposits, including Wiluna Mining Corporation’s 12-million-ounce Wiluna gold operation and Northern Star Resources’ 10-million-ounce Jundee asset.
After a 15-year hiatus in systematic exploration under the previous operator, BMG has been quick to follow up a plethora of high-grade intercepts at the Capital prospect since taking hold of the reins in 2020.
The company’s efforts have been handsomely rewarded. Results from the previous campaign include a 31m strike at 6.18 grams per tonne gold from 162m with a 1m component running a head-turning 181.94 g/t gold from 191m.
The 31m hit was housed within an even longer 77m intersection running 2.99 g/t gold from 116m.
In addition to enhancing the resource potential at Capital, BMG has been proving up a pipeline of prospective targets identified from a recent sub-audio magnetic geophysical survey, or “SAM” across an area with little prior drilling.
A preliminary air core blitz completed earlier this year punched over 10,000m into a selection of high-priority targets defined from the SAM and limited historical drilling. The program returned multiple significant hits including a 4m strike running 3.58 grams per tonne gold from 52m.
BMG has now completed an additional 57-hole air core program to drill test a trio of large-scale gold anomalies at its nearby Capital South, Barrack and Archer prospects. Assay results are expected by the end of the month.
The company is moving towards the delivery of a maiden resource estimate at the operation and will take stock of imminent air core assay results before pushing ahead with future programs.
With a grab bag of world-class gold deposits at its doorstep, an assortment of thick high-grade hits already under its belt, samples at the lab and the gentle hum of a diamond drill rig still ringing in the air, market pundits can expect a steady stream of news flow from the emerging BMG Resources.
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