Can BMG Confirm Mineralisation Continuity from Neighbouring Bullabulling Mine?
BMG Resources has reported promising first-phase drilling results at its Bullabulling Gold Project, intersecting multiple high-grade gold lodes and identifying potential extensions from a neighbouring 2.3 million ounce gold mine. The company plans an extensive follow-up drill program in 2025 to further define these discoveries.
- Multiple high-grade gold lodes intersected at Bullabulling North
- New discoveries at Poolmans and Peaches prospects confirm gold continuity
- Geology aligns with adjacent 2.3M oz Bullabulling Gold Mine owned by Minerals 260
- Recent high-grade results from Minerals 260 suggest mineralisation extends into BMG’s Bullabulling West area
- Major follow-up drilling planned for 2025 to expand resource definition
Exploration Breakthrough at Bullabulling
BMG Resources has delivered encouraging results from the first phase of reverse circulation (RC) drilling at its 100%-owned Bullabulling Gold Project in Western Australia's Eastern Goldfields. The initial program, completed in mid-2025, intersected multiple high-grade gold lodes at the Poolmans and Peaches prospects within the Bullabulling North area, confirming the presence of significant near-surface mineralisation.
At Poolmans, drilling identified three distinct high-grade gold lodes, including impressive intercepts such as 2 meters at 8.5 grams per tonne gold, with a standout 1-meter interval grading 15.8 grams per tonne. Peaches, a prospect drilled for the first time by BMG, also returned high-grade results, including 2 meters at 4.3 grams per tonne, highlighting its emerging potential.
Geological Continuity with Neighbouring Mine
The Bullabulling North area shares geological characteristics with the adjacent Bullabulling Gold Mine, owned by Minerals 260 (ASX, Mi6), which hosts a 2.3 million ounce gold resource. Both deposits are hosted in quartz vein granodiorite, supporting the interpretation that the mineralised trend extends into BMG’s tenure. Recent drill results from Minerals 260, including intercepts of 22 meters at 3.25 grams per tonne and 162 meters at 1.1 grams per tonne, suggest the mineralisation remains open to the west, directly adjoining BMG’s Bullabulling West area.
BMG has interpreted these results as indicative of potential continuity of high-grade gold mineralisation into its ground, prompting plans for a maiden drill program at Bullabulling West to test this hypothesis.
Strategic Plans and Broader Portfolio
Non-Executive Chairman John Prineas emphasised the significance of these findings, noting that the Poolmans prospect is shaping up as a compelling target with multiple lodes open in all directions. The company is prioritising follow-up drilling to delineate the full extent of mineralisation at both Poolmans and Peaches.
Beyond Bullabulling, BMG is advancing a scoping study for its Abercromby Gold Project, which hosts a JORC-compliant resource of 518,000 ounces of gold. Located on a granted mining lease near operating mills, Abercromby represents a potentially expedited development opportunity, especially amid record-high gold prices exceeding A$5,000 per ounce. The company has received unsolicited commercial interest for Abercromby, underscoring its attractiveness.
Looking Ahead
BMG plans a major drilling campaign in late 2025 to build on these initial successes, aiming to expand the resource base at Bullabulling North and test the interpreted extensions at Bullabulling West. These efforts will be closely watched by investors eager for further clarity on the scale and continuity of the mineralisation.
While the true widths of mineralisation remain to be precisely defined and continuity from Minerals 260’s ground is yet to be confirmed by drilling on BMG’s western boundary, the current results provide a strong foundation for optimism.
Bottom Line?
BMG’s Bullabulling results mark a promising step forward, but the next drilling phase will be critical to unlocking the project’s full potential.
Questions in the middle?
- Will follow-up drilling confirm the continuity of high-grade gold lodes across BMG’s Bullabulling tenure?
- How might the interpreted extension of Minerals 260’s mineralisation into BMG’s ground impact resource estimates?
- What commercial opportunities could arise from the progressing Abercromby scoping study amid soaring gold prices?
