BPM Minerals to kick off drilling at Claw gold project next month

BPM Minerals to begin Phase 2 drilling at Claw gold project in mid-August
Louie prospect immediately along strike of Mount Gibson project

Special Report: BPM Minerals plans to kick off phase 2 drilling at its Claw gold project in WA next month.

The project consists of 33km of highly prospective strike, immediately along strike of $2 billion Capricorn Metals’ (ASX:CMM) 3.24Moz Mount Gibson gold project, which is set to be one of Australia’s next major gold mines underpinned by a ~5Mtpa processing plant producing ~150,000oz.

The company has recently received the final approval from the Department of Mines to undertake a 3000m AC/RC drilling program at the Louie prospect commencing in August 2024.

The AC/RC drilling program at Louie is designed to further test the 1000m long, 100ppb gold in regolith anomaly identified from the first phase of drilling undertaken earlier in the year.

These drilling activities are being conducted alongside the ongoing application process for BPM Minerals’ (ASX:BPM) recently acquired high-grade rare earth element Durack project.

Primed to unlock ‘substantial’ value

“We are looking forward to the phase 2 drilling program at the Louie prospect within the Claw gold project,” BPM CEO Oliver Judd said.

“Following our environmental and heritage assessment and PoW approval, we are now on schedule to recommence drilling in mid-August.”

“The encouraging outcomes from initial exploration, combined with our strategic proximity to a large gold resource, uniquely position us to unlock substantial value in this prolific gold producing region of WA.”

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.