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BMG Resources Limited ( (AU:BMG) ) just unveiled an update.
BMG Resources Limited has confirmed the large strike extent of the Abercromby gold system, indicating significant growth potential. The company plans to conduct follow-up drilling to expand the current mineral resource estimate of 518,000 ounces of gold. A scoping study is underway for a low-capex, fast payback mining proposal, supported by high gold prices and favorable metallurgical properties. At the Bullabulling Gold Project, recent drilling has identified multiple gold lodes, enhancing the prospectivity for significant gold mineralization. New drill results from a neighboring mine suggest potential continuity of high-grade gold into BMG’s tenure, establishing new high-priority targets for further exploration.
More about BMG Resources Limited
BMG Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company’s primary projects include the Abercromby and Bullabulling Gold Projects, which are situated in established mining regions with access to infrastructure and proximity to operating gold mines.
Average Trading Volume: 7,797,968
Technical Sentiment Signal: Buy
Current Market Cap: A$13.85M
See more insights into BMG stock on TipRanks’ Stock Analysis page.