Market Herald logo

Subscribe

Be the first with the news that moves the market
  • BPM Minerals (BPM) confirms a western cluster of bedrock conductors at its Nepean nickel project in WA
  • Earlier this year, the company completed a 42-hole aircore drilling program to provide geological context to 11 late-time bedrock conductors
  • The drilling has confirmed the Western Cluster, which includes three bedrock conductors and has the potential to host massive nickel-copper sulphides
  • Additionally, BPM has seen delays at its Hawkins lead-zinc project due to unseasonal and record rainfall in the Pilbara and will commence drilling once it’s safe to do so
  • BPM shares are down 2.94 per cent to trade at 16.5 cents at 10:44 am AEST

BPM Minerals (BPM) has confirmed a western cluster of bedrock conductors at its Nepean nickel project in Western Australia.

Earlier this year, the company completed a 42-hole aircore (AC) drilling program, which was designed to provide geological context to 11 late-time bedrock conductors.

The 11 conductors were recognised as the Eastern Cluster, Southern Cluster and the Western Cluster.

BPM has now received assays from the drilling program that confirms the Western Cluster, which has the potential to host massive nickel-copper sulphides.

The company said shallow AC drilling undertaken across the surface of the Western Cluster electromagnetic conductors encountered a series of sheared felsic volcanics with minor horizons of weathered deformed mafic and ultramafic rock with the source of the conductivity unresolved.

The Western Cluster includes three vertically dripping, north-south striking late-time bedrock conductors that range from 200 to 550 metres in length and 200 metres in depth.

The company is now planning further drill testing at the Western Cluster.

Additionally, BPM has seen delays at its Hawkins lead-zinc project due to unseasonal and record rainfall in the Pilbara.

The company expects to commence drilling when the roads and tracks are reopened and a safety assessment has been completed.

BPM shares were down 2.94 per cent to trade at 16.5 cents at 10:44 am AEST.

BPM by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…
The Market Herald Video

" Bannerman Resources (ASX:BMN) raises $12M for Etango-8

Bannerman Resources (ASX:BMN) has successfully tapped investors for an extra $12 million in funding for its…