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

• Diamond drill programme centered on useful resource development is scheduled to start this month on the Abercromby Gold Challenge
• 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 help improvement research
• Programme of Work approval in place
• Programme of Work approval in place

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

“Following the help proven by traders within the latest capital elevating, the workforce at BMG have moved rapidly to finalise preparations to renew drilling on the Abercromby Gold Challenge.

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

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

Drilling for development in gold sources:

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

This glorious monitor file of outcomes at Abercromby gives confidence within the potential for continued drilling success at Abercromby that would enhance the dimensions of the gold useful resource.

The Abercromby Gold Challenge is owned 100% by BMG and comprised inside two granted Mining Leases. The Challenge is situated 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 worldwide 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 possible stratigraphy at Abercromby extends for greater than 6km with solely a strike of 1.2km systematically drilled thus far. This gives 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 — situated alongside a 1km hall of potential stratigraphy to the south of the Capital Deposit — has confirmed the presence of a giant high-grade gold system and helps the potential for a repetition of great mineralisation just like the Capital Deposit.