BPM Minerals identifies Beachcomber as major gold system

• Key results received from RC drilling program at the Beachcomber prospects
• North-West, Fault and Central prospects highlight project upside
• Newly discovered gold lodes at all three prospects
• Bonnie & Clyde exploration update to be released in July

BPM Minerals (ASX:BPM) has discovered three new gold lodes with recently completed RC drilling at the Beachcomber prospect, part of the Forelands gold project in WA.

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Significant gold mineralisation has now been intersected at all four of the targets tested during the program.

With drilling success at Beachcomber NW, Beachcomber Fault and Beachcomber Central, CEO Oliver Judd said the broader Beachcomber prospect is emerging as a large gold system consisting of multiple mineralised lodes associated with the Yellow Dam Shear Zone.

“These results are an important step in demonstrating the scale of what we have at Beachcomber. We set out to test four previously untested soil anomalies, and now every one of them returned significant gold, including a standout metre at 85.61 g/t at Beachcomber Central,” he said.

“Just as importantly, the success of these targets validates our Ultra Fine Fraction soil sampling as a discovery tool we can apply right along the 75km Yellow Dam corridor.

“Together with the high-grade Main Lode, Beachcomber is now showing the hallmarks of a much larger gold system made up of multiple mineralised lodes, and we look forward to following these up with further drilling.”

The results come from the second and final batch of assays from the recently completed 7,426m, 46-hole reverse circulation (RC) drilling program at Beachcomber.

A 7,426m, 46-hole RC program was completed in April across the broader Beachcomber prospect with several compelling targets tested.

Recently announced high-grade gold intercepts from the Beachcomber Main Lode extend the mineralised footprint to >300m of strike and >250m in depth.

The three remaining targets; Beachcomber North-West, Fault and Central prospects were the target of 29 RC holes for 3,774m drilled to test three compelling geochemical targets associated with the Yellow Dam Shear Zone and second order structures. All three targets were coherent approximately 100 parts per billion (ppb) gold, multi-sample soil anomalies.

Significant mineralisation was intercepted at all three targeted soil anomalies, providing significant encouragement in the use of Ultra Fine Fraction soil sampling as a primary exploration targeting tool at the Forelands gold project.

RC drilling at Beachcomber North-West successfully intercepted significant mineralisation in all four east-west drill traverses, spaced at 150-200m north-south, as a first pass test of the extensive 700m plus long anomaly. Mineralisation is open in all directions.

Forelands features proximity to multiple existing and proposed mills within 200 km radius provides optionality for toll treatment of future resources.

BPM is steady at 17.0¢. Mkt cap $22.13M.

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