BMG Resources embarks on new drilling project

BMG Resources (ASX:BMG) is set to commence a diamond drilling program at its Abercromby Gold Project this month. The company aims to extend high-grade zones and convert inferred resources to indicated status, potentially expanding its gold resource.

BMG Resources outlines ambitious drilling plans

BMG Resources has announced the start of a diamond drilling program at its Abercromby Gold Project. The company's goal is to extend high-grade zones and convert inferred resources to indicated status, potentially expanding the current resource of 518,000 ounces of gold. Located in a favorable mining region, the project benefits from existing infrastructure and proximity to other gold mines. The drilling, approved and contracted to DDH1 Drilling, aims for significant resource growth and improved project economics. Future exploration will target regional prospects, with additional drilling planned for early next year. This strategic initiative is supported by recent capital raising and assures compliance with regulatory standards.

Executive insights on BMG's strategic drilling

This initiative is expected to enhance resource growth and improve project economics, leveraging the project's favorable metallurgical properties and strategic location within an established mining region.