BPM Minerals Ltd (ASX:BPM) has announced the completion of drilling at the Claw Gold Project in Western Australia. The project, consisting of 33km of highly prospective strike, is located immediately south along strike of Capricorn Metals Ltd.'s (ASX:CMM) 3.24Moz Mount Gibson Gold Project. The recent drilling at the Louie Prospect, part of the Claw Gold Project, has revealed promising greenfields discovery in a highly prospective gold corridor.
We're pleased to have completed this second round of drilling at Louie, part of the Claw Gold Project. This is shaping as a highly promising greenfields discovery in one of Western Australia's most prospective gold corridors. We are in a heavily endowed environment at Mt Gibson, immediately along strike from WA's next gold mine in a 'gold bull market'. The upcoming assays, due mid-October, will guide us toward deeper RC drilling. This is the beginning, and investors can expect a steady stream of updates over the year as we advance the Louie Discovery and the broader project that has the potential to host multiple gold deposits.
BPM Minerals Ltd (ASX:BPM) has completed drilling at the Claw Gold Project, revealing a highly promising greenfields discovery at the Louie Prospect. The company plans to commence a 2,500m RC drilling program at Louie, targeting the high-grade gold mineralisation at depth. The Louie Prospect, located immediately south along strike of Capricorn Metals' 3.24Moz Mount Gibson Gold Project, presents BPM with a prime opportunity within a proven gold corridor. The upcoming assay results, expected in mid-October, will guide the company's deeper RC drilling efforts. BPM also intends to aggressively explore the largely untested corridor with aircore drilling in 2025 and unlock an additional 20km of prospective strike for exploration through fast-tracking of a new tenement application followed by aero-magnetic and soil sampling programs planned to commence in 2025. The company's CEO, Oliver Judd, expressed optimism about the project's potential to host multiple gold deposits and indicated a steady stream of updates for investors as they advance the Louie Discovery and the broader project.