BMG RESOURCES LIMITED - ASX Briefs

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BMG RESOURCES LIMITED (ASX: BMG)

BMG: RC Drill Assays Confirm LCT Pegmatites at Bullabulling

BMG RESOURCES LIMITED

BMG exercises option to acquire the Bullabulling Project in Coolgardie, Western Australia, with a combined project area of 185 sq km.
Initial RC drill assays confirm strong prospectivity for lithium and gold, with anomalous intercepts from Poolmans and Ubini prospects.
High-priority targets identified, with follow-up drilling planned and outstanding assays expected in the coming weeks, driving strong newsflow.

2023-06-15 09:17:00

BMG: BMG successfully completes Entitlement Offer

BMG RESOURCES LIMITED

BMG Resources Limited has completed its $2.75 million capital raising, including a $1.25 million entitlement and shortfall offers.
The funds will be used for the next phase of work at the Abercromby Gold Project and to explore lithium and gold potential at their Invincible and Bullabulling Projects.
Assay results from the recent drilling of lithium and gold targets at the Bullabulling Project are expected soon.

2023-06-06 08:15:00

BMG: RC Drilling intersects Pegmatites at Bullabulling Project

BMG RESOURCES LIMITED

BMG completes a 20-hole Reverse Circulation (RC) drilling program at the Bullabulling Project, with pegmatites confirmed in multiple holes.
Assays expected in the coming weeks, which will impact the decision on the option to acquire the Bullabulling Project.
Bullabulling Project presents early-stage exploration opportunities in the lithium and gold sector in Western Australia's Coolgardie region.

2023-05-24 09:35:00

BMG: 518,000oz Maiden Mineral Resource for Abercromby Project

BMG RESOURCES LIMITED

Maiden Mineral Resource for Abercromby Gold Project's Capital Deposit: 11.1Mt @ 1.45 g/t Au for 518k oz Au.
Potential for open-pit mining operation with mineralization starting near surface and extending at depth and along strike.
Plan to commence development studies and exploration activities for further growth and sustained long-term shareholder value.

2023-04-17 08:21:00

BMG: BMG Expands WA Lithium and Gold Footprint with Project

BMG RESOURCES LIMITED

Option to acquire the Bullabulling Project in the Eastern Goldfields of Western Australia with a combined project area of 185 sq km.
Multiple high-quality Lithium-Caesium-Tantalum (LCT) pegmatites mapped across the project tenure and historic exploration has confirmed several gold occurrences.
Exclusive option to acquire 100% of the Project, with 4-month evaluation period.

2023-02-15 08:03:00

BMG: HIGH GOLD RECOVERIES -ABERCROMBY MET. TESTWORK

BMG RESOURCES LIMITED

Metallurgical test work conducted on Abercromby core samples confirmed its free milling status.
High gold recoveries achieved with conventional CIL processing and low reagent consumption.
Gravity recoverable gold component demonstrated at between 34% and 41%.

2023-02-06 08:18:00