BPM secures hold over tasty Earaheedy lead-zinc projects
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BPM’s base metal plans are coming together with the grant of two lead-zinc-silver projects in Western Australia’s Earaheedy Basin that host a plethora of targets.
The company has already identified 34 litho-structural targets from interpretations of aeromagnetic and photographic data at the Rhodes and Ivan Well projects.
Grant of BPM Minerals’ (ASX:BPM) third and most advanced project the Hawkins project is scheduled in mid-November with Native Title Agreements already well-advanced.
Hawkins is along strike on the same Frere-Yelma formation unconformity as the intriguing Chinook lead-zinc discovery held by Rumble Resources (ASX:RTR) and Zenith Minerals (ASX:ZNC), who have kept up a blistering pace for drilling after announcing the discovery holes just six months ago.
These holes returned results such as 34m at 4.22% zinc+lead and 21m at 4.3% zinc+lead, providing BPM with a tantalising hint of what its project could deliver.
Limited historical scout drilling at the Pinnacle prospect within Hawkins intersected 2m at 0.56% zinc+lead while a further review of historical data identified elevated levels of manganese and barium, which are considered to be distal components within the Sedex lead-zinc-silver mineralisation in the Earaheedy.
Ground gravity programs are scheduled to begin at Hawkins in mid-November to identify areas of higher density that could represent accumulations of massive sulphides.
The company also plans to use a combination of airborne magnetics, gravity and passive seismic as key targeting tools for lead-zinc-silver mineralisation.
The Rhodes and Ivan Well projects are also located on the Frere-Yelma unconformity and were previously the target of iron-focused exploration.
BPM plans to complete soil and stream sediment geochemical programs over the two projects in November.
These geochemical programs are expected to assist with drill targeting and mapping of anomalous structures that may lead to stratigraphically controlled mineralisation deeper in the system.
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.