BMG Resources (ASX:BMG) announced progress at its 100%-owned Abercromby Gold Project in Western Australia, where a major 10,000-metre resource development drilling program is now operating around the clock.
To date, approximately 1,100m of the campaign have been completed.
The program has transitioned from reverse circulation pre-collars—which reached average depths of 130m across seven initial holes—to active diamond drilling.
The diamond rigs are now targeting total downhole depths ranging between 275m and 500m to test for high-grade extensions of the known mineralisation.
The primary objective of this Phase 1 program is to expand the project’s maiden mineral resource estimate, which currently stands at 11.12Mt @ 1.45 g/t Au for 518,000 ounces of gold.
Geologists are particularly focused on the Capital Deposit, which remains open in all directions, including at depth and along strike to the north and south.
By identifying additional high-grade mineralisation down-dip, BMG aims to bolster the confidence levels of their resource model, which will, in turn, support an expanded scoping study that is nearing finalisation.
At the time of reporting, BMG Resources' share price was $0.027.