BPM Minerals (ASX: BPM) is on-schedule for commencement of a 6,000m air core (AC) drilling programme at its Claw Gold Project in Western Australia, targeting extensions of known mineralisation along an eight km highly prospective corridor.
Phase 4 Aircore Drilling is underway with 6,000m AC programme testing an eight km strike, targeting new mineralised zones beyond Louie.
Significant High-Grade Results to Date at Claw include:
- CAC186: 25m @ 1.27 g/t Au (from 29m), including 2m @ 11.63 g/t Au (from 29m)
- CAC223: 10m @ 1.12 g/t Au (from 50m)
- CRC010: 8m @ 0.95 g/t Au (from 94m), including 4m @ 1.64 g/t Au (from 97m)
The Claw project lies in a strategic location in proven Gold Corridor immediately south of Capricorn Metals’ (ASX: CMM) 3.99Moz Mount Gibson Gold Project.
"This regional drilling programme represents a pivotal milestone in our quest to unlock the extensive gold potential of our Claw Gold project,” CEO. Oliver Judd, said.
“The strategic location of Claw, sharing a tenement boundary with Capricorn Metals' (ASX: CMM) 3.99Moz Mount Gibson Gold Project, underscores its immense potential. Another meaningful intercept could significantly enhance the project's strategic value and further solidify our position in this highly prospective gold corridor.”
The recent gold discovery at Louie has proven that the project has the potential to host economic gold resources. The Louie Prospect is part of an ~8km long zone of highly prospective strike that also hosts the mineralised Chickie Prospect. Aircore and RC drilling was completed at Chickie earlier in the year returning several mineralised intercepts within weathered and fresh rock including:
- CRC001 – 3m @ 0.40 g/t Au (from 33m)
- CRC003 – 1m @ 0.54 g/t Au (from 122m)
- CRC005 – 3m @ 0.19 g/t Au (from 106m)
Approximately 2.5km of prospective, untested strike exists between Louie and Chickie. Considering both prospects have proven endowment and are on the same structure, this is clearly a zone that requires further drill
testing. A 6,000m, 80-hole aircore drilling programme is now underway, on 400m spaced traverses. The company can bring traverse spacing down from 400m to 100m during the program based upon geological observations and assay results which are expected to be returned as the program progresses.
The staged programme is expected to be completed within four to eight weeks with assay results reported to the market once all assays are received.
