New lead-zinc potential sees BPM Minerals triple land position in Earaheedy Basin
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The company’s new Prenti Project covers some 555 sq km in Western Australia’s Earaheedy Basin.
BPM Minerals (ASX:BPM) has tripled its land position in Western Australia’s Earaheedy Basin after lodging applications over the Prenti Project, a new lead-zinc project covering 555 sq km.
Prenti was pegged by the company following a basin-wide review of historical Geological Survey of Western Australia soil sampling programs, which identified priority lead-zinc mineralisation.
In an exploration update this morning BPM highlighted that its Earaheedy lead-zinc potential has been bolstered by the recent discovery of Strickland Metals’ (ASX:STK) high-grade Iroquois zinc-lead-silver prospect.
Strickland’s drilling identified a new mineralised stratigraphic horizon for exploration, with high-grade zinc-lead-silver intersections returned from the lower Iroquois dolomite unit.
While the Frere-Yelma Unconformity remains a strong target for initial programs, the addition of the Iroquois as a new exploration target has added a high-grade component to the target mineralisation.
BPM notes that other Earaheedy explorers, including Rumble Resources (ASX:RTR), have not targeted the Iroquois Carbonate Formation.
BPM Management is travelling to the Pilbara Region this week to meet with local Native Title holders to finalise negotiations on access to the Hawkins Project, BPM’s third and most advanced Earaheedy Basin Project.
The Hawkins Project covers a significant strike length of the prospective Frere-Yelma Formation unconformity which remains untested.
Work is underway to incorporate the Iroquois Dolomite unit in exploration programs.
Ground gravity programs have been scheduled to begin at Hawkins in mid-November, designed to identify areas of higher density potentially representing accumulations of massive sulphides.
Limited historical scout drilling at the Hawkins Pinnacles prospect intersected 2m at 0.56% zinc-lead, with a further review of historical data identifying elevated manganese and barium, considered distal components of a Sedex lead-zinc-silver deposit within the Earaheedy Basin.
BPM plans to utilise a combination of airborne magnetics, gravity, and passive seismic as key targeting tools for lead-zinc-silver mineralisation.
Soil and stream sediment geochemical programs are now underway at the Rhodes and Ivan Well Projects.
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.