Key points
- Key approvals granted for 10,000m RC drilling program
- Drilling expected to start within 5-10 days
- Targets several high-priority gold-in-soil anomalies
- Similar to major gold deposits like Tropicana
- Access agreement with native title party completed
Full summary
BPM Minerals Ltd is pleased to announce that it has received the final key approval allowing for the commencement of the maiden 10,000m RC drilling program at the Bonnie & Clyde Prospect, part of the Forelands Gold Project in Western Australia. The drilling program will target several, previously untested, gold-in-soil anomalies. Several priority targets are set to be drill tested as part of the program. These targets were generated from the historical auger sampling programs and re-confirmed by the recently completed 50m x 50m, ~1,500 ultrafine fraction soilsand detailed airborne magnetic survey. The Bonnie & Clyde gold-in-soil anomaly is a >6km long, gold-in-soil anomaly with several coherent zones of >100ppb Au anomalism that has never been tested by drilling. RC drilling is expected to commence over the coming 5-10 days upon completion of site preparations with the exploration team and the RC drill rig currently on-site drilling at the Beachcomber Prospect.
Guidance
BPM Minerals expects assay results from the drilling program throughout Q4 2026 and Q1 2027.
Outlook
The company is optimistic about the potential of the Bonnie & Clyde Prospect to host a significant gold deposit, given its comparable size and tenor to other major gold discoveries in Western Australia.