BPM Minerals (ASX:BPM) is gearing up to start a reverse circulation drilling program at the Louie Gold Discovery within the Claw Gold Project in Western Australia, after securing the necessary approvals.
An initial 2,000m of drilling will be carried out to test mineralisation at depth, with the aim of making an economic discovery.
Louie consists of a 600m core comprising multiple assays measuring greater than 1 gram per tonne (g/t) gold, including holes finishing in mineralisation lying within a broader 1,000m long, more than 100 parts per billion gold in regolith anomaly.
The company says the gold discovery at Louie has demonstrated potential to host economic gold resources. The prospect is part of an 8km long zone of “highly prospective” strike that also hosts the mineralised Chickie prospect.
CEO Oliver Judd says historically, the Claw Project witnessed limited drilling with no significant results, but recent results have defined a “significant” gold mineralised footprint.
“In addition, we’re rapidly progressing towards our regional aircore drilling program, with flora surveys complete and heritage surveys commencing mid-month,” Judd says.
“This places the company on schedule to commence this exciting phase of genuine greenfields exploration in Q1 2025, coincident with the results of the Louie reverse circulation drilling.
“We’re fully funded after the recent $1.675 million placement, allowing us to aggressively explore this exciting gold project.”
At the Chickie prospect, aircore and reverse circulation drilling was completed earlier in the year. To date, there is 2.5km of prospective, untested strike that exists between Louie and Chickie.
BPM says considering both prospects have proven endowment and are on the same structure, there is a zone that requires further drill testing.
The company is planning to test this zone using aircore drilling early next year, once necessary approvals are obtained.
Meanwhile, environmental surveys were recently completed over the area, with heritage surveys scheduled for mid-November 2024.
An aircore drilling program is scheduled to begin in the first quarter of 2025, once approvals for the necessary program of work are in hand.
The Claw Project covers 134km2 and is considered prospective for gold, silver, zinc, copper, and lead. The project is located in the Murchison region, 280km northeast of Perth, Western Australia.
BPM Minerals is a Perth-based diversified mineral explorer focused primarily on precious, base, and critical minerals within its portfolio of projects located across Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: iStock
