Drilling Preparations at Abercromby Gold Mission

BMG Assets Restricted (ASX: BMG) (BMG or the Firm) is happy to announce that preparations to renew drilling at its 100%-owned Abercromby Gold Mission are effectively superior with the beginning of drilling scheduled for this month.

• Diamond drill programme targeted on useful resource progress is scheduled to start this month on the Abercromby Gold Mission
• Extensional drilling of high-grade zones is deliberate with potential so as to add considerably to BMG’s maiden useful resource of 518,000 oz Au at 1.45 g/t Au
• Infill drilling deliberate to transform inferred sources to the indicated class to assist growth research
• Programme of Work approval in place
• Programme of Work approval in place

John Prineas, BMG’s Non-Govt Chairman, stated:

“Following the assist proven by traders within the current capital elevating, the crew at BMG have moved shortly to finalise preparations to renew drilling on the Abercromby Gold Mission.

“The drill programme will give attention to increasing high-grade gold zones past the present useful resource shell, in addition to growing useful resource confidence by upgrading inferred sources to indicated standing.

“The outcomes of the drilling have potential to contribute considerably to useful resource progress at Abercromby, and to ..iaterially increase the potential venture economics.”

Drilling for progress in gold sources:

BMG delivered the massive maiden Mineral Useful resource at Abercromby after completion of solely three drill campaigns and at a discovery value of simply $8.35 per ounce. This achievement highlights the intensive gold endowment at Abercromby, in addition to the environment friendly exploration planning by our technical crew.

This glorious observe file of outcomes at Abercromby offers confidence within the potential for continued drilling success at Abercromby that might improve the dimensions of the gold useful resource.

The Abercromby Gold Mission is owned 100% by BMG and comprised inside two granted Mining Leases. The Mission is positioned in a longtime mining area with entry to infrastructure (roads, energy) and proximal to a quantity pf producing gold mines.

The beneficial metallurgical properties of the Abercromby ore have been confirmed by metallurgical testwork accomplished by Excessive Metallurgy and reviewed by GR Engineering Companies. That testwork concluded that the Abercromby gold mineralisation was free milling in nature and amenable to conventional carbon-in-leach processing. Excessive gold recoveries have been achieved within the vary 93% to 95%.

Maiden Useful resource is just the start:

The maiden MRE for Abercromby is comprised within the Capital Deposit and is outlined as 11.12Mt @ 1.45 g/t Au for 518,000 oz Au. This useful resource is a subset of a world useful resource estimate containing about 670,000 oz Au at a Og/t Au decrease cut-off.

The Capital Deposit stays open at depth and alongside strike — each to the north and south. A diamond drilling program is deliberate to start this month to check for extensions of the mineralisation in addition to to transform inferred sources to the indicated class.

The potential stratigraphy at Abercromby extends for greater than 6km with solely a strike of 1.2km systematically drilled thus far. This offers potential for substantial discovery alternatives with additional exploration drilling.

Drilling can also be deliberate for early subsequent yr to check regional targets to the south of the Capital Deposit.

Reconnaissance aircore drilling on the Capital South, Archer and Barrack Prospects — positioned alongside a 1km hall of potential stratigraphy to the south of the Capital Deposit — has confirmed the presence of a big high-grade gold system and helps the potential for a repetition of great mineralisation just like the Capital Deposit.