BPM defines 2.2km long gold anomaly at the Santy project
BPM Minerals’ first pass aircore drilling at its Santy gold project in WA has defined the 2.2km long ‘Santy Prospect’ gold anomaly.
The company is confident there are numerous potential hosts for gold mineralisation along the main trend, as the project lies within the Tallering Greenstone Belt – which is considered prospective for mesothermal gold and VMS base-metal mineralisation.
The Tallering Belt hosts high-grade deposits and historical production from the Mixy Deposit (65,000 ounces gold at 4.3g/t gold), A-Zone (63,000 ounces gold at 2.1g/t gold) and Royal Standard Mine (68,000 tonnes at 13.1g/t gold).
This is the first drilling completed at the Santy Prospect that is coincident with previous sampling programs (rock chips up to 100.6g/t gold) and regional magnetic anomalism.
Drilling at magnetic anomaly UM1 intersected anomalous levels of nickel, cobalt and Platinum Group Elements (PGEs) which the company says highlights the potential for Julimar-style ultramafic intrusive mineralisation.
“This is a great start to exploration at Santy, with the definition of a large anomalous gold trend in wide-spaced aircore drilling providing a high level of confidence that we have the right project with the potential to deliver a major gold discovery in the Murchison Region,” BPM Minerals (ASX:BPM) CEO Chris Swallow said.
“As many recent Western Australian gold discoveries have highlighted, exploring under- cover requires multiple stage exploration programs to deliver a fusion of geological and geophysical data, guiding the geological understanding guiding future drill programs.
“Our work at Santy is just in its infancy, but we are excited by the opportunity and believe the project has all the hallmarks for a potential gold discovery.”
Follow-up exploration planned for H1 2022 with programs included a detailed drone aeromagnetics program in early January to assist with geological interpretation and drill targeting beneath cover.
Step-out drilling is also planned as mineralisation at the main Santy Prospect (IZ5) remains open in all directions.
The company expects new step-out aircore traverses to grow the gold footprint.
Infill drilling will be undertaken to define the primary source of the gold mineralisation in advance of Reverse Circulation drilling – with three high priority targets (IZ6,7 and 8) remaining untested.
This article was developed in collaboration with BPM Minerals Limited, 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.