Bullabulling Drilling Raises Stakes for BMG Amid Competitive Gold Rush
BMG Resources has kicked off an extensive drilling campaign at its Bullabulling Gold Project in Western Australia, targeting high-grade gold zones adjacent to a major 2.3 million ounce resource. The program aims to build on promising near-surface discoveries with results expected by early August.
- 3,000m reverse circulation drilling across 30 holes underway
- Targets four priority prospects with historic high-grade gold intercepts
- Project adjacent to Minerals 260’s Bullabulling Gold Mine with 2.3M oz resource
- Drilling assays anticipated late July to early August 2025
- Strategic location in Coolgardie district with strong infrastructure access
Exploration Momentum Builds at Bullabulling
BMG Resources Limited (ASX, BMG) has commenced a significant drilling program at its wholly owned Bullabulling Gold Project in Western Australia’s prolific Eastern Goldfields. The campaign involves up to 3,000 metres of reverse circulation drilling across 30 planned holes, focusing on four priority gold targets identified through earlier reconnaissance efforts.
These targets lie within a geological setting that shares the same mafic-ultramafic stratigraphy hosting the nearby Bullabulling Gold Mine, recently acquired by Minerals 260 Limited. That mine boasts a substantial 2.3 million ounce gold resource, underscoring the potential of BMG’s adjacent tenure.
Encouraging High-Grade Intercepts
BMG’s previous drilling at Bullabulling North has yielded several near-surface, high-grade gold intersections, including standout results such as 2 metres at 18.1 grams per tonne from 34 metres and 12 metres at 2.3 grams per tonne from 53 metres. These promising intercepts have helped define four key prospects; Poolmans, Peach, Grizzly, and Flame; each slated for further testing in the current program.
The Poolmans Prospect, the most advanced among them, will see detailed drilling to delineate the extent of gold lodes both along strike and at depth, with scissor drilling planned to better understand the orientation of mineralisation.
Strategic Location and Infrastructure Advantages
Situated approximately 70 kilometres from Kalgoorlie in the established Coolgardie mining district, the Bullabulling Project benefits from proximity to key infrastructure including water, power, gas, and major road networks such as the Great Eastern Highway. This logistical advantage facilitates efficient exploration and potential future development.
John Prineas, BMG’s Non-Executive Chairman, highlighted the company’s confidence in the project’s prospectivity, noting the alignment with a major gold trend and the current favourable gold price environment. He also hinted at forthcoming updates on the company’s flagship Abercromby Gold Project, signaling a busy period ahead for BMG.
Looking Ahead
Laboratory assay results from the current drilling campaign are expected by late July or early August, which will provide critical insights into the scale and grade continuity of the mineralisation. These results could significantly influence BMG’s exploration strategy and market positioning in the near term.
While the drilling program is an important step, investors should remain mindful of the inherent risks in exploration, including the uncertainty of converting promising drill results into economically viable resources.
Bottom Line?
As assays loom, BMG’s Bullabulling drilling could redefine its gold potential in a hot market.
Questions in the middle?
- Will the upcoming assay results confirm extensions of high-grade gold mineralisation?
- How might BMG’s findings at Bullabulling influence its valuation relative to Minerals 260’s adjacent resource?
- What are the implications of the planned Abercromby Gold Project developments hinted at by management?
