- BPM Minerals (BPM) is granted two exploration tenements making up the Claw gold project in Western Australia and has already completed early exploration work in the area
- The company has generated drill-ready targets at the project following a review of historical open file drill data
- The project hosts extensions to the Mt Gibson greenstone belt, with limited shallow drilling returning oxide gold
- BPM is seeking to consolidate its position in the Murchison region and has applied for a further tenement while completing due diligence on new projects in the area
- Shares in BPM are trading grey at 14 cents at 1:35 pm AEST
BPM Minerals (BPM) has been granted two exploration tenements making up the Claw gold project in Western Australia and has already completed early exploration work in the area.
As part of this work, the company completed a 3472-kilometre line aeromagnetic survey, from which it has identified several large structural drilling targets.
BPM said two drill-ready gold anomalies, dubbed Chickie and Lewi, were associated with the same regional structure that hosted the gold mineralisation at Capricorn Metals’ Mt Gibson gold project, showing the significant potential of the Claw project.
The company said it was seeking to consolidate its position in the Murchison region and had applied for a further tenement while completing due diligence on new projects in the area.
For its next steps, BPM will conduct further mapping and target delineation leading into initial drilling programs, and the company said it was planning first-pass aircore and reverse circulation drilling on priority targets.
All activities are being supported by the company’s estimated $5 million cash balance.
Shares in BPM were trading grey at 14 cents at 1:35 pm AEST.