BPM Minerals (ASX: BPM) has kicked off second phase of drilling at the Louie Prospect within the Claw Gold Project, Western Australia.
BPM has initiated a 3,000m Aircore (AC) and Reverse Circulation (RC) drilling programme at the Louie Prospect as planned in mid-August.
The drilling program is focused on testing the 1km long, 100ppb gold in regolith anomaly at the Louie Prospect, identified during Phase 1 drilling earlier this year.
The Claw Gold Project consists of 33km of highly prospective strike, immediately along strike of $2.2 billion Capricorn Metals’ (ASX:CMM) 3.24Moz Mount Gibson Gold Project (MGGP). The MGGP is set to become one of Australia’s next major gold mines underpinned by around 5Mtpa processing plant producing ~150koz p.a.
“I am so pleased to be on site at Claw and announcing the commencement of Phase 2 drilling at the Louie Prospect, marking a pivotal milestone in our exploration efforts at the Claw Gold Project,” BPM CEO, Oliver Judd, said.
“This programme is focused on making a discovery in a region known for its significant gold deposits. The Louie Prospect's location, combined with the promising initial exploration results, positions us favourably to unlock value. As we advance this phase, investors can anticipate regular updates on our progress, including the submission of samples for assays.”
