BPM Minerals kicks off MLEM survey at Santy gold and base metals project
BPM Minerals has commenced a Moving Loop Electro-Magnetic (MLEM) survey at its Santy gold and base metals project in WA to highlight prospective areas for deeper drill testing.
A recently completed Gradient Array Induced Polarisation (GAIP) Survey identified two conductive zones at the prospect; IPC1 and IPC2, which are considered to be indicative of massive sulphide accumulations containing precious and base metals.
A moving loop Electro-Magnetic (MLEM) survey has now commenced with the aim of constraining the two conductive zones in 3D that can then be targeted and tested by drilling later in the year.
BPM Minerals’ (ASX:BPM) strategy at the prospect is to explore under the surrounding cover by utilising multi-element regolith drilling and geophysical techniques to highlight prospective areas for deeper drill testing.
The project lies within the Tallering Greenstone Belt, considered prospective for mesothermal gold, Volcanogenic Hosted Massive Sulphide (VHMS) base-metal mineralisation, magmatic Ni-Cu-Co-PGE’s and Iron Ore.
The company says the endowment of the belt is proven by two former significant mining operations; the Tallering Peak Iron Ore mine (Mt Gibson Iron (ASX:MGX)) and the Snake Well Gold and Base Metal Project (Adaman Resources).
Plus, the prospectivity of the IZ5/Santy Well prospect for gold and VHMS style precious and base metal mineralisation was highlighted when RC drilling in late 2022 returned 1m at 0.89g/t gold, 90.3ppm silver, 2.03% copper and 0.19% lead+zinc (66-67m) from drill hole SRC006.
Further EM lines are also planned as part of the program to test two magnetic features along strike of the Snake Well Project.
The program is expected to be completed within 1 week with results announced to the market over the coming weeks.
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.