Junior explorer BPM Minerals (ASX:BPM) is set to kick off a 10,000m drilling program at The Claw Gold Project in Western Australia, with site preparations officially complete.
The company plans to begin the drilling work within the next week, with several targets in the project area to be tested under the program.
These include the Louie prospect, which is a gold-in-regolith anomaly along the tenement boundary, the Chickie prospect, a 1000m-longer gold-in-regolith anomaly, and other regional structural targets previously identified from magnetic processing and targeting work.
BPM’s new drilling program comes as the company awaits the results of soil sampling programs completed within freehold land in Western Australia, and the company expects to publish the first assays from the drilling work in March 2024.
The Claw project lies immediately along-strike of Capricorn Metals’ (ASX:CMM) Mt Gibson Project, with the Louie prospect just 500m away from the site of recent Capricorn exploration and resource drilling.
Meanwhile, BPM says the Chickie prospect is already home to multiple holes ending in mineralisation.
Alongside The Claw, BPM Minerals owns the Nepean Gold-Nickel Project, the Santy Gold-Nickel-Base Metals Project, and the Hawkins Lead-Zinc-Iron-Manganese Project, each of which also lies in Western Australia.
BPM Minerals had just under $3.6 million cash at hand on 30 September 2023, according to its latest quarterly report.
Write to Joshua Smith at Mining.com.au
Images: BPM Minerals
