BPM Minerals (ASX: BPM) 3500m priority drilling commences at Santy Gold Project
September 19, 2022BPM Minerals will focus on promising gold and base metal targets at its Santy Gold Project in Western Australia’s Murchison Region, 430km north of Perth.
The reverse circulation drilling will target a defined, “very coherent” gold 2.2 kilometre-long 25 parts per billion gold and up to 100g/t rock chips within a prominent north-northeast trending shear zone.
RC Drilling to target the Santy Prospect, a 2.2km-long structural target with up to 100g/t rock chips returned previously1 and mineralisation remaining open in all directions.
Previous AC drilling completed by BPM across base-metal targets intersected anomalous Nickel, Cobalt and Platinum Group Elements (PGE’s), highlighting the potential for Julimar-style ultramafic intrusive mineralisation.
The Program is expected to take 3 weeks with assays also pending from the Hawkins Lead-Zinc Project.
The Company’s ASX shares are 13c at market opening.
About the Santy Project
The Santy Project comprises two granted Exploration Licences (ELs) and two applications totalling 663km2 which remains underexplored mainly, with 80% of granted tenure under transported cover.
The Santy Project lies within the Tallering Greenstone Belt, considered prospective for mesothermal gold and VMS base-metal mineralisation. Deposits within the Tallering Belt include high-grade deposits and historical production from the Mixy Deposit (65,000 Oz Au @ 4.3g/t Au), A-Zone: 63,000 Oz Au @ 2.1g/t Au and Royal Standard Mine (68,000t @ 13.1g/t Au).
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