A new dawn for BPM with lead-zinc-silver calling at Earaheedy Basin’s Hawkins project
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BPM has embarked on a 7,500m aircore and reverse circulation drill program to test for lead-zinc-silver mineralisation at its Hawkins project in WA’s Earaheedy Basin.
The AC drilling will be used to map out geology beneath cover with lines completed across the key unconformable contact between the Frere Iron and Yelma formations, while a portable XRF analyser will assess the samples as they are produced.
This will allow BPM Minerals (ASX:BPM) to respond immediately to any detected anomalies with infill and deeper RC drilling.
Drilling will also follow-up on historical intercepts of up to 0.56% lead+zinc at the Pinnacles prospect.
The company expects the program to take at least four weeks to complete, though its recent $3m placement to domestic institutional and high net-worth investors will ensure it has the resources to carry out further drilling if needed.
First mover advantage
The 835sqkm Hawkins project is located about 40km northwest along strike from Rumble Resources’ (ASX:RTR) Chinook lead-zinc discovery as well as several other lead-zinc discoveries made by both Rumble and Strickland Metals (ASX:STK).
Notably, Hawkins was pegged before Rumbles recent Tonka discovery, allowing BPM to fully peg the surrounding ground.
Limited scout drilling carried out in 1997 in the search for Mississippi Valley-type lead-zinc mineralisation intersected mineralisation at the Pinnacles prospect, which could be a major conduit for mineralised fluids through the Basin.
Additionally, lead-zinc mineralisation is present about 40m from surface at the Frere/Yelma unconformable contact, which has a similar litho-structural setting as Chinook.
This article was developed in collaboration with BPM Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.