BPM finds two walk-up drill targets at its Claw gold project
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BPM Minerals has won the historical data lottery after identifying two walk-up drill targets at its Claw Gold Project in WA.
The company found the Lewi and Chickie anomalies by reviewing all the available open file data sets from exploration drilling completed by Reynolds Australia Metals more than 30 years ago.
The historical data included 138 air core and rotary air blast holes for a total of 3,882m targeting the same structure that hosts Capricorn Metals’ (ASX:CMM) Mount Gibson gold project.
“It is rare for a junior exploration company to acquire such highly prospective ground directly along-strike from a 2-million-ounce gold project,” BPM Minerals (ASX:BPM). CEO Chris Swallow said.
“Perhaps even rarer is to find walk-up RC drill targets from an initial data review.
“We have signed a contract for an aeromagnetic survey to be completed later this year.”
Key intercepts from the historic drilling at the Chickie anomaly include:
At the Lewi anomaly, several anomalous values up to 90 parts per billion gold were reported within the weathering profile.
And the fresh rock – the potential primary source of mineralisation – was never tested below the regolith anomaly.
Plus, the Lewi anomaly is less than 1km from the Mount Gibson project.
The company is confident that the Claw project presents a rare exploration opportunity to cover the interpreted southern extension of the Mount Gibson shear zone.
Particularly since 80% of the tenement area regolith is covered and the project is largely unexplored.
The upcoming aeromagnetic survey is planned for Q4 once the Claw tenement has been granted in the coming weeks.
The company will then conduct an RC drilling program of around 3,000m, targeting primary gold mineralisation in the fresh rock.
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.