BPM Minerals’ (ASX:BPM) recent drilling has confirmed a 1km-long and more than 100 parts per billion gold anomaly within the Louie prospect in Western Australia.
The company says it sits immediately along strike of Capricorn Metals’ (ASX:CMM) 3.2-million-ounce Mount Gibson Gold Project, which is set to be one of Australia’s next major gold mines with a 5-million-tonne-per-annum processing plant to produce 150,000 ounces each year.
An aircore drill program was conducted which delineated the gold anomaly, and has now paved the way for reverse circulation (RC) drill testing to take place in the primary mineralisation zone.
CEO Oliver Judd says BPM has a “large” coherent gold anomaly that requires testing and the company is eager to unearth further mineralisation and deepen its understanding of Louie.
BPM has kicked off the drill permitting process for the second phase of RC drilling at Louie, while environmental and heritage surveys are planned to begin in the next couple of months. Drilling is scheduled to begin mid-year.
BPM notes all of the assay results have been received, comprising 171 aircore and RC holes for a combined 8,890m of drilling.
The Louie prospect lies on the northern border of the Claw Project area, which consists of 33km of prospective strike in Western Australia.
BPM Minerals is a Perth-based gold, nickel, and base metal explorer with a portfolio of projects in prolific greenstone belts of Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: BPM Minerals
